Bitcoin Surges Past $92,000 Amid Powell Probe Announcement; ETF Outflows and Weak Leverage Cap Gains

Bitcoin briefly topped $92,000 on Jan. 13 after Cointelegraph reported that U.S. federal prosecutors launched a criminal probe into Jerome Powell, head of the Federal Reserve. The move came despite strong headwinds, including $1.38 billion in net outflows from spot Bitcoin ETFs over four days and weak demand for leveraged longs, with futures basis near 5%. Analysts note Bitcoin remains about 23% below its October 2025 peak, limiting the likelihood of a near-term rally toward $105,000 despite ongoing institutional accumulation.