QCP Capital analyzes the impact of the controversy over the independence of the Federal Reserve, with Bitcoin rising and falling back

QCP Capital pointed out that the significant weakening of the US dollar drove Bitcoin, gold, and silver to rise synchronously in the early Asian market. The market interprets the threat of subpoenas and criminal charges issued by the US Department of Justice against the Federal Reserve as retaliation for its policy independence. Although the event has limited substantive impact on the economy, the questioning of the central bank's independence has led to an increase in demand for alternative value reserves in the market. Gold and silver continued to rise, while Bitcoin initially rose but did not break through $92000 before falling back at the opening of the European market, continuing the common pattern of the fourth quarter of last year. The derivatives market shows a delay in the call timing, with bulls extending high priced call options to March. Market attention is focused on the January 13th US CPI data and the 14th Supreme Court tariff ruling.