Following news that the U.S. Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell, the cryptocurrency and stock markets experienced a widespread sell-off. Litecoin dropped over 5%, with trading prices around $77. The news triggered risk aversion, with Bitcoin briefly falling near $90,000 before rebounding to approximately $92,135. Ethereum remained around $3,134. Analysts believe that Litecoin's recent trend depends on whether mainstream cryptocurrencies like Bitcoin and Ethereum can regain upward momentum and stabilize overall market sentiment.
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Following news that the U.S. Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell, the cryptocurrency and stock markets experienced a widespread sell-off. Litecoin dropped over 5%, with trading prices around $77. The news triggered risk aversion, with Bitcoin briefly falling near $90,000 before rebounding to approximately $92,135. Ethereum remained around $3,134. Analysts believe that Litecoin's recent trend depends on whether mainstream cryptocurrencies like Bitcoin and Ethereum can regain upward momentum and stabilize overall market sentiment.