Bitcoin rallied late Sunday, briefly pushing above $92,000 as markets reacted to new headlines around Federal Reserve independence.
Price move after Powell remarks
Bitcoin rose about 1.5% to $92,047 as of 11:30 p.m. ET Sunday, after trading around the $90,000 area earlier in the session.
The move came shortly after Federal Reserve Chair Jerome Powell released a video message saying the U.S. Department of Justice had threatened criminal indictment tied to his June 2025 congressional testimony.
Powell said in the message:
“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”
‘Safe-haven’ bid hits bitcoin and gold
Presto Research head of research Peter Chung said bitcoin’s rally began “right around the time” Powell’s video was released.
Chung also pointed to gold rising sharply at the same moment, with spot gold up 1.3% to $4,569.
He said the synchronized move suggested investors were looking for hedges, naming gold and BTC.
Traders eye technical levels and CPI
Kronos Research CIO Vincent Liu said bitcoin and ether climbed on “technical support and strategic buying at key levels.”
Traders are also watching Tuesday’s U.S. CPI release, alongside continued headlines tied to Powell’s dispute with the DOJ.
Bitcoin’s intraday swings remain in focus as political tensions build, with market participants monitoring bitcoin volatility and the latest bitcoin price history for context.
Rate-cut expectations in the background
Reuters reported Goldman Sachs postponed its forecast for Fed rate cuts to June and September 2026, from March and June.
