Bitcoin shows strength as US DOJ mulls Fed chair investigation: Will BTC price hold?
Bitcoin rallied to $92,000 as Federal Reserve chair Jerome Powell spoke about a potential DOJ investigation into the Fed. Will BTC’s strength hold?
Key takeaways:
Institutional investors selling Bitcoin is visible through the Bitcoin ETFs recording $1.38 billion in net outflows across four trading sessions.
BTC futures data shows a neutral 5% basis rate, well below the 10% level that typically defines a true bullish breakout.
