Bitcoin’s Tease Rally in the Midst of Fed Political Drama 👀
So, basically, Bitcoin, gold, and silver all jumped up during early Asian trading as the US dollar tanked. This happened right after Fed Chair Powell called out the Department of Justice’s subpoena on the Fed as political payback from Trump for not cutting rates like he wanted—nothing to do with actual testimony stuff. The big worry isn’t the subpoena itself, but how it might make people doubt the Fed’s independence, pushing money into “safe” alternatives like precious metals.
#Gold and
#silver kept the momentum going as classic hedges against instability, but Bitcoin joined the party briefly, then fizzled out—couldn’t hold above 92k and dropped hard when Europe woke up. This mirrors a frustrating pattern from late last year where BTC teases big moves but can’t follow through. There’s ongoing selling pressure, especially in US hours, and traders are dialing back bets on a quick breakout, rolling options further out. Overall, crypto’s looking shaky compared to stocks or metals, with macro volatility rising. Watch out for US inflation data (CPI Tuesday, PPI Wednesday), plus a Supreme Court ruling on tariffs that could shake things up more.
Honestly, this feels like another reminder that Bitcoin’s still more of a speculative beast than a reliable “digital gold.” It’s cool it rallied on the Fed drama, showing some folks see it as a hedge against fiat mess-ups, but the quick fade-out screams immaturity—too much hype, not enough staying power amid real-world supply overhangs and macro swings. Gold and silver? They’re the old-school pros holding steady. If you’re in crypto, I’d say brace for more bumps with those upcoming data drops; could be a buying dip if sentiment flips, but right now, it ain’t inspiring much confidence for a Q1 moonshot. What do you think—bullish or bearish on
$BTC here?
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#Binance #crypto2026