Gold and silver prices rose during the opening of the Asian market, while Bitcoin struggled to maintain its momentum amid escalating tensions between the Federal Reserve and the Trump administration, leading investors to seek traditional safe-haven assets.
The divergence intensified after the Department of Justice's actions against Federal Reserve Chair Jerome Powell raised concerns about central bank independence, with gold rising 1.72% and silver jumping over 4.5% within 24 hours, while Bitcoin's price sharply declined from $92,000 to $90,000.
The crisis worsened when the U.S. Department of Justice issued a subpoena to the Federal Reserve and threatened criminal charges against Powell on Friday, which the Federal Reserve Chair described as retaliation for refusing to align monetary policy with President Trump's preferred interest rate trajectory.$BTC
The divergence intensified after the Department of Justice's actions against Federal Reserve Chair Jerome Powell raised concerns about central bank independence, with gold rising 1.72% and silver jumping over 4.5% within 24 hours, while Bitcoin's price sharply declined from $92,000 to $90,000.
The crisis worsened when the U.S. Department of Justice issued a subpoena to the Federal Reserve and threatened criminal charges against Powell on Friday, which the Federal Reserve Chair described as retaliation for refusing to align monetary policy with President Trump's preferred interest rate trajectory.$BTC