Bitcoin News

Bitcoin Tops $92,000 As DOJ Subpoenas Escalate Trump-Powell Fight

3 hours ago

Bitcoin pushed above the $92,000 level late-Sunday

Bitcoin pushed above the $92,000 level late-Sunday as a legal escalation around Federal Reserve Chair Jerome Powell became public. The catalyst was Powell’s decision to publicly address Department of Justice subpoenas and a criminal probe he characterized as political pressure tied to the administration’s rate preferences.

Bitcoin needs to overcome the 0.618 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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