Bitcoin rallied late Sunday, briefly pushing above $92,000 as markets reacted to new headlines round Federal Reserve independence.
Bitcoin rose about 1.5% to $92,047 as of 11:30 p.m. ET Sunday, after buying and selling across the $90,000 space earlier within the session.
The transfer got here shortly after Federal Reserve Chair Jerome Powell launched a video message saying the U.S. Division of Justice had threatened felony indictment tied to his June 2025 congressional testimony.
Powell mentioned within the message:
“The specter of felony expenses is a consequence of the Federal Reserve setting rates of interest based mostly on our greatest evaluation of what’s going to serve the general public, slightly than following the preferences of the President.”
‘Protected-haven’ bid hits bitcoin and gold
Presto Analysis head of analysis Peter Chung mentioned bitcoin’s rally started “proper across the time” Powell’s video was launched.
Chung additionally pointed to gold rising sharply on the similar second, with spot gold up 1.3% to $4,569.
He mentioned the synchronized transfer instructed buyers have been in search of hedges, naming gold and BTC.
Merchants eye technical ranges and CPI
Kronos Analysis CIO Vincent Liu mentioned bitcoin and ether climbed on “technical assist and strategic shopping for at key ranges.”
Merchants are additionally watching Tuesday’s U.S. CPI launch, alongside continued headlines tied to Powell’s dispute with the DOJ.
Bitcoin’s intraday swings stay in focus as political tensions construct, with market members monitoring bitcoin volatility and the most recent bitcoin worth historical past for context.
Price-cut expectations within the background
Reuters reported Goldman Sachs postponed its forecast for Fed charge cuts to June and September 2026, from March and June.