QCP Capital: Controversy over the Fed's independence triggers market risk aversion, BTC surges and then falls back.

PANews reported on January 12th that, according to QCP Capital analysis, Bitcoin, gold, and silver all rose in early Asian trading due to a sharp weakening of the US dollar. The market interpreted the US Department of Justice's subpoenas and threats of criminal charges against the Federal Reserve as retaliation for its policy independence. Although the event has limited substantive economic impact, the questioning of central bank independence has fueled demand for alternative value reserves. Gold and silver continued their upward trend, while BTC initially rose but failed to break through $92,000, subsequently falling back at the European market opening, continuing a pattern common in Q4 of last year. The derivatives market also showed a delayed bullish timing, with longs choosing to roll over high-priced call options to March. The market will next focus on the US CPI on January 13th and the Supreme Court's tariff ruling on January 14th.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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