PANews
PANews|Jan 12, 2026 10:37
[QCP Capital: Controversy over Federal Reserve independence triggers market risk aversion, BTC surges and retreats] According to QCP Capital's analysis, Bitcoin, gold, and silver rose simultaneously during the Asian morning session, driven by the sharp weakening of the US dollar. The market interprets the US Department of Justice's subpoena and threat of 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 sparked demand for alternative value reserves. Gold and silver continued their upward trend, while BTC initially climbed but failed to break through $92,000, subsequently retreating during the European market opening, following a pattern commonly seen in Q4 last year. The derivatives market also shows a delay in bullish sentiment, with longs opting to roll over high-strike call options to March. The market's next focus will be on the US CPI release on January 13 and the Supreme Court's tariff ruling on the 14th.
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