![[Bitop Review] Bitcoin Surges Past $97,000 as Judicial Probe into Fed Chair Powell Sparks Safe-Haven Inflows](/api/image-proxy?url=https%3A%2F%2Facademy-public.coinmarketcap.com%2Fsrd-optimized-uploads%2F029e6526f67543d7a1d25d852d0a2574.jpg)
Bitcoin has continued its bullish momentum in recent days, briefly breaching the $97,000 mark to shake off recent gloom and set a new swing high. Analysts attribute this rally to reports that a judicial investigation into Federal Reserve Chair Jerome Powell has been launched, triggering investor concerns regarding the central bank's future independence. As risk aversion intensifies, capital is fleeing traditional risk assets and equities in favor of safe-haven assets such as Bitcoin, gold, and silver.
Bitcoin Breaks $97,000, Up Nearly 5% in 24 Hours
According to data from CoinGecko, Bitcoin recently hit its highest trading price since November 14. While the cryptocurrency has climbed nearly 5% over the past day, it remains approximately 23% below its all-time high of over $126,000 set in early October.
Bitcoin-Linked Stocks Rally Across U.S. and Japanese Markets
Buoyed by Bitcoin’s strength, related "concept stocks" have posted impressive gains. MicroStrategy (MSTR), the world’s largest corporate Bitcoin asset manager, saw its stock surge over 8% in a single day, while KindlyMD (NAKA) jumped 10%.
In Asian markets, Japanese Bitcoin investment firm Metaplanet soared 15% during the Tokyo trading session, highlighting the growing heat of international capital allocation into Bitcoin.
Additionally, shareholders of Semler Scientific (SMLR) voted to approve an acquisition proposal by Strive (ASST). As part of this all-stock transaction, Strive will acquire the 5,048.1 Bitcoins held by Semler Scientific. Both companies saw their share prices rise between 5% and 6% yesterday.