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BULLISH FOR CRYPTO!
Jerome Powell says the DOJ is threatening the Federal Reserve with criminal charges over its refusal to comply with President Trump’s interest rate demands.
This is bad for the dollar and U.S. stock markets, but very good for crypto, as a weaker dollar and selling pressure in equities can lead to increased inflows into crypto.
Bitcoin saw a strong move above $92,000 in the last hour, and we’re currently retesting $91,500. This level is now acting as support, which could present a solid long opportunity.