QCP Capital: Fed Independence Controversy Triggers Market Risk Aversion, BTC Surges and Pulls Back

PANews, January 12 – According to analysis by QCP Capital, driven by a significant weakening of the US dollar, bitcoin, gold, and silver rose simultaneously during the Asian session early trading. The market interpreted the US Department of Justice issuing a subpoena and threatening criminal charges against the Federal Reserve as retaliation against its policy independence. Although the event has limited substantive economic impact, doubts about central bank independence have triggered demand for alternative stores of value. Gold and silver continued their upward trend, BTC initially moved higher but failed to break through $92,000, then retreated at the opening of the European session, continuing the pattern commonly seen in Q4 last year. The derivatives market also shows a postponement of bullish timing, with bulls choosing to roll high-priced call options to March. The market will next focus on the US CPI on January 13 and the Supreme Court tariff ruling on the 14th.