QCP Capital analyzes the impact of the Federal Reserve's independence controversy as Bitcoin surges and then pulls back

QCP Capital pointed out that a significant weakening of the US dollar drove bitcoin, gold, and silver to rise simultaneously during the early Asian session. 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 incident has limited substantive economic impact, doubts about central bank independence have prompted increased demand for alternative stores of value. Gold and silver continued their upward trend, while bitcoin initially moved higher but failed to break through $92,000, then retreated at the opening of the European session, continuing the common pattern seen in the fourth quarter of last year. The derivatives market shows that bullish timing has been postponed, with bulls rolling high-priced call options to March. The market is focusing on the US CPI data for January 13 and the Supreme Court tariff ruling on the 14th.