Litecoin traded to lows of $75 as top altcoins slipped in early US trading.
\nBitcoin and Ethereum also slid before picking up slight gains.
\nUS Department of Justice has opened a criminal probe against Jerome Powell.<\/p>\n
Litecoin price slipped more than 5% as the cryptocurrency markets experienced a synchronised downturn on Monday, with stocks also down amid concerns over the independence of the US Federal Reserve.<\/p>\n
The price of Litecoin reached $75 but with BTC eyeing gains, could LTC jump towards $100?<\/p>\n
Downside action across the crypto market followed a fresh dump for Bitcoin.<\/p>\n
Bitcoin hovered near the $90,000 level in the early US trading session on Monday, having pared gains from above $92,000.<\/p>\n
However, the token traded at around $92,135 at the time of writing, while Ethereum<\/a> lingered close to $3,134.<\/p>\n Both Bitcoin and Ethereum were showing resilience as markets weathered bearish pressure.<\/p>\n While the two remain near respective psychological thresholds, reclaiming upside momentum may be key to Litecoin gains.<\/p>\n LTC traded at around $77 at the time of writing.<\/p>\n But as the chart below shows, the path lower appears stronger for the altcoin.<\/p>\n Litecoin price chart<\/a> by TradingView<\/p>\n Notably, buyers saw prices dip as markets reacted to news that the Department of Justice (DOJ) had launched a criminal investigation into Federal Reserve Chair Jerome Powell.<\/p>\n Top altcoins like XRP and BNB saw declines, and Litecoin traded to lows of $75, last seen in late December.<\/p>\n The slide in the leading cryptocurrencies stemmed from risk-off sentiment triggered by the news of a DOJ probe against Fed chair Jerome Powell.<\/p>\n Powell released a statement on Sunday,\u00a0 revealing subpoenas from the Justice Department.<\/p>\n Although the news saw Bitcoin flip to above $92k, declines followed as Wall Street futures dipped.<\/p>\n \u00a0<\/p>\n The DOJ\u2019s subpoenas and criminal probe against Powell have intensified fears of political interference in US monetary policy.<\/p>\n Powell emphasised that the investigation appeared motivated by the Fed\u2019s resistance to demands for aggressive interest rate cuts, rather than solely the renovation-related testimony.<\/p>\n \u201cWhile the Fed needs reform, including maintaining the crucial issue of central bank independence while strengthening accountability, a mishandled process risks derailing appointments and undermining further policy effectiveness,\u201d Mohamed El-Erian said on X<\/a>.<\/p>\n This uncertainty has US stocks pulling back from recent record highs.<\/p>\n On Monday, the Dow Jones Industrial Average sank 0.8%, while the S&P 500 shed 0.3%. The tech-heavy Nasdaq Composite was down around 0.2%.<\/p>\n The pullback reflects broader risk aversion, with investors rotating toward perceived safe havens like gold. Gold prices indeed extended gains on Jan 12. amid the turmoil.<\/p>\n The post Litecoin price outlook: is $80 next as BTC reclaims $92k?<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Litecoin traded to lows of $75 as top altcoins slipped in early US trading. Bitcoin and Ethereum also slid before picking up slight gains. US Department of Justice has opened a criminal probe against Jerome Powell. Litecoin price slipped more than 5% as the cryptocurrency markets experienced a synchronised downturn on Monday, with stocks also […]<\/p>\n","protected":false},"author":0,"featured_media":6029,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[103],"tags":[],"class_list":{"0":"post-6028","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-litecoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=6028"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/6029"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=6028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=6028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=6028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crypto slid amid Fed subpoenas<\/h2>\n