Bitcoin

The event underscores the politicization of the Justice Department and erodes institutional trust, which can subtly dampen risk appetite among institutional allocators. However, crypto markets are currently driven by macro headwinds (Fed policy, dollar strength) and technical overhangs (BTC dominance, altcoin underperformance), not political courtroom drama.

Joe Biden sued the Justice Department to block the release of audio recordings and transcripts of the former president's interview with a ghostwriter that were obtained by the special counsel.