Bitcoin shows strength as US DOJ mulls Fed chair investigation: Will BTC price hold?

Bitcoin has rallied to $92,000 following remarks from Federal Reserve Chair Jerome Powell about a potential DOJ investigation into the Fed. This surge could significantly influence the cryptocurrency market. Traders are speculating on how such an investigation might affect Bitcoin and other assets. U.S. government actions typically impact financial markets broadly, attracting investor attention. The bullish trend in Bitcoin may persist in the short term, yet it is crucial to consider that volatility might increase as the investigation unfolds. As the market dynamics evolve, attention will be on whether Bitcoin can maintain this level or whether a short-term correction occurs. Investors should assess market sentiment and adjust positions accordingly.