Crypto Market Update: Bitcoin Surges as DOJ Drops Criminal Probe Into Fed Chair

Photo of author

By Ronald Tech

Here’s a quick recap of the crypto landscape for Monday (April 27) as of 10:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news


Bitcoin (BTC) was priced at US$77,918.22, down by 0.2 percent over the last 24 hours.

Bitcoin price performance, April 27, 2026.

Chart via TradingView

Bitcoin price performance, April 27, 2026.

Bitcoin is hovering just below the psychological US$80,000 barrier as traders brace for a massive week of macroeconomic and regulatory shifts.

The industry’s attention is currently split between the high-profile Bitcoin 2026 conference in Las Vegas and the Federal Reserve’s impending rate decision in Washington. Newly appointed SEC Chair Paul Atkins is slated to speak at the crypto conference, marking his first major public address on digital asset market structure since taking office.

Concurrently, the Fed’s two-day policy meeting wraps up on April 29, poised to heavily influence near-term dollar strength and broader risk appetite.

Ether (ETH) was priced at US$2,322.95, down by 0.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.42, down by 1 percent over 24 hours.
  • Solana (SOL) was trading at US$85.54, trading 1.1 percent lower over the past 24 hours.

​Today’s crypto news to know

Fed shakeup fuels Bitcoin’s bullish run

Bitcoin is setting its sights on the US$90,000 level as digital asset investors closely monitor a highly anticipated leadership transition at the Federal Reserve.

Market optimism surged after the Department of Justice (DOJ) officially dropped its criminal probe into current Chair Jerome Powell late last week. This sudden legal clearance removes the biggest political roadblock for Kevin Warsh, Donald Trump’s nominee, whose confirmation odds have now rocketed to 97 percent on prediction platforms.

Warsh recently reassured lawmakers that he remains independent from White House pressure, promising a disciplined, data-driven approach to inflation control rather than bowing to political demands.

Analysts note that removing this uncertainty is acting as a major bullish catalyst for risk assets across the board. The flagship cryptocurrency has already surged 18 percent over the past month, further fueled by a massive US$2.5 billion in spot ETF inflows throughout April.

Western Union readies Solana stablecoin, crypto card

Western Union announced it is currently pivoting toward blockchain infrastructure with the upcoming launch of its Solana-powered stablecoin, USDPT.

See also  Renewable Energy Exuberance: 3 Stocks for Forward-Thinking InvestorsRenewable Energy Exuberance: 3 Stocks for Forward-Thinking Investors

Developed in partnership with Anchorage Digital Bank, the dollar-pegged asset is primarily designed to modernize institutional cross-border settlements across the company’s massive global agent network.

The legacy financial giant isn’t stopping at backend operations, however. It is also rolling out a new Digital Asset Network to seamlessly bridge consumer crypto wallets with its physical retail locations worldwide.

Later this year, a consumer-facing “Stable Card” will debut in dozens of markets, allowing everyday users to spend their dollar-backed tokens globally.

EU drops hammer on Russian crypto sector

The European Union is drastically escalating its financial warfare by deploying a sweeping new sanctions package that targets the entirety of the Russian cryptocurrency industry.

According to blockchain intelligence firm Chainalysis, this 20th round of sanctions marks a historic shift from designating specific individuals to blacklisting the whole sector. The new regulations explicitly forbid any EU citizen or institution from transacting with Russian centralized exchanges or decentralized finance protocols.

The enforcement net has also been widened to capture third-country virtual asset service providers, such as the Kyrgyzstani exchange Meer, which allegedly facilitated over US $93 billion in sanctioned volume. Furthermore, Russia’s own central bank digital currency and the ruble-backed RUBx stablecoin have been explicitly classified as tools designated for sanctions evasion.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.