Bitcoin Climbs to $92,000 on Uncertainty Between Trump and U.S. Central Bank
Bitcoin saw modest gains in Asian trading on Monday, holding steady compared to last week amid rising tensions between U.S. President Donald Trump and the Federal Reserve. The cautious movement reflects broader market unease, as investors weigh global geopolitical uncertainties alongside anticipation of key U.S. economic data scheduled for later this week.
In comparison, technology stocks have continued to outperform Bitcoin, buoyed by optimism around artificial intelligence and related growth trends. While Bitcoin has historically tracked the performance of tech equities, this correlation has weakened over the past year, leaving the cryptocurrency with limited momentum in the absence of strong market catalysts.
Trading activity in Bitcoin remained subdued through late 2025 and early 2026, constrained by the lack of immediate positive drivers. Risk appetite softened further on Monday, curbing any potential for significant upward price movement. Investors remain cautious, awaiting clear signals before committing to major trades.
Adding to market concerns, U.S. Federal Reserve Chairman Jerome Powell disclosed that the Fed had been subpoenaed by the Department of Justice regarding an investigation into ongoing renovations at its headquarters. Powell described the probe as politically motivated, citing repeated pressure from the Trump administration to cut interest rates sharply. The announcement triggered declines in U.S. stock futures and prompted a shift toward safe-haven assets, particularly gold. Market participants are wary that escalating tensions could undermine the Fed’s independence, especially with a successor to Powell soon to be appointed.
Geopolitical instability also continues to weigh on markets. Trump’s claims over Greenland, U.S. involvement in Venezuela, unresolved diplomatic tensions between China and Japan, protests in Iran, and ongoing hostilities in Ukraine have all heightened uncertainty, further suppressing investor confidence in riskier assets like cryptocurrencies.
Ultimately, Bitcoin’s performance continues to be shaped by a complex mix of political, economic, and geopolitical factors, with no immediate triggers to reinvigorate the cryptocurrency market. As tensions persist between the U.S. administration and the Federal Reserve and global risks intensify, investors remain cautious, monitoring events closely for clues about the market’s next move.
