Bitcoin fails haven test as Justice Dept. subpoenas Powell: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Since its introduction in 2009, bitcoin (BTC) fans have seen it as an anti-establishment asset and a shield against financial mismanagement and political turmoil. Yet on Monday, the largest cryptocurrency is trailing traditional safety assets such as gold even as tensions between President Donald Trump and Fed Chair Jerome Powell escalate, raising concerns on the central bank's ability to maintain its independence. On Sunday, Powell revealed th ...