Bitcoin Shrugs Off Powell Probe as DOJ Targets Fed Chair
Bitcoin remains resilient despite the Department of Justice's investigation into Federal Reserve Chair Jerome Powell. The probe is part of a broader scrutiny of financial institutions and their practices. Market analysts suggest that Bitcoin's stability may reflect growing investor confidence in its decentralized nature amid regulatory challenges. Additionally, Bitcoin's price has shown minimal volatility in response to the news, indicating a potential shift in how cryptocurrency markets react to traditional financial news. Overall, the situation highlights the ongoing tension between regulatory oversight and the cryptocurrency sector's independence.
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