Bitcoin, gold and silver all caught a bid as the U.S. dollar softened on mounting concerns about Federal Reserve independence. The precious metals extended their upside, though BTC couldn't quite close above the 92,000 level and retreated from there. Meanwhile, the options market is telling an interesting story—bullish positioning keeps getting rolled further out in time, while overhead supply remains a headwind keeping a lid on any sustained rallies.
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Bitcoin, gold and silver all caught a bid as the U.S. dollar softened on mounting concerns about Federal Reserve independence. The precious metals extended their upside, though BTC couldn't quite close above the 92,000 level and retreated from there. Meanwhile, the options market is telling an interesting story—bullish positioning keeps getting rolled further out in time, while overhead supply remains a headwind keeping a lid on any sustained rallies.