The digital asset market begins the week showing indecision, with Bitcoin stalled near 92k at Monday’s opening. This sideways behavior occurs under the shadow of new political tensions in the United States, where Federal Reserve Chair Jerome Powell recently revealed legal subpoenas linked to his management, adding pressure to the financial landscape.
According to the most recent market data reported, the leading cryptocurrency trades at 92,122 dollars, which represents a slight increase of 1.7% in the last few hours of trading. On the other hand, Ether experienced a 2.2% drop settling at 3,158 dollars, while the total crypto market value rose to 3.23 trillion dollars during the Asian session. In that region, stock indices like Shanghai rose 0.24% and the SZSE Component gained 0.60%, reflecting cautious optimism.
This mixed scenario follows a strong close on Wall Street, driven by a jobs report that showed hiring slower than what was forecast by analysts. Likewise, the unemployment rate eased to 4.4%, which has generated mixed expectations regarding upcoming economic movements, added to the prevailing uncertainty regarding President Donald Trump’s tariffs that the Supreme Court is still evaluating carefully.
Institutional tensions and macroeconomic factors on the horizon
The situation complicates for interest rates and dollar stability due to legal risks facing Jerome Powell related to headquarters renovations. This institutional pressure on the central bank, whose term officially ends in May 2026, adds a layer of unusual uncertainty that could affect global liquidity and, consequently, risk assets like cryptocurrencies.
On the other hand, oil added another leg higher as traders tracked unrest in Iran and the risk of wider supply disruption. Thus, investors have treated the 91,000 dollar level as a crucial pivot, balancing rate cut expectations with the appetite for risk existing in the current market.
Could political pressure on the Fed alter the course of inflation?
The immediate economic calendar is intense, starting with the December CPI data due this Tuesday, Jan 13, followed by the Beige Book. Furthermore, the market keeps its attention fixed on the monetary policy meeting scheduled for late January, looking for clear signals on the direction of inflation and future interest rates.
Finally, investors seem to lean into a monetary easing narrative for the year 2026, although geopolitical risks and oil prices remain latent. If Bitcoin stalled near 92k manages to overcome this consolidation phase after the inflation reports, a new determining bullish or bearish trend could be defined for the remainder of the first quarter of the year.
