Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC

Former President Donald Trump has expressed openness to reviewing a pardon for the developer of the Samourai Bitcoin app, which has been a focal point in discussions about privacy in cryptocurrency development. This potential pardon could set a significant precedent for future legal actions involving similar cases in the crypto space.

The cryptocurrency market experienced a significant sell-off as a change in the Federal Reserve chair under the Trump administration unsettled traders, compounded by increasing macroeconomic challenges in the U.S. This led to a risk-off sentiment among investors, resulting in declines for Bitcoin and altcoins.

As 2025 comes to a close, Bitcoin's early movements have slowed significantly, with only eight block rewards from 2010 being utilized. This stagnation reflects a broader trend in the cryptocurrency market, where trading activity appears to be consolidating.

Michael Saylor, the executive chairman of Strategy, has made headlines by purchasing nearly $1 billion worth of Bitcoin. However, shortly after this significant investment, the value of Bitcoin experienced a 4% decline, raising concerns about market volatility and the timing of such large acquisitions.

Fidelity has issued a cautionary outlook on the cryptocurrency market as it approaches 2026, highlighting short-term risks for investors while suggesting that long-term holders may still find opportunities to enter. This perspective reflects a significant shift in the crypto landscape, where volatility and uncertainty prevail.

Bitcoin's price has slid to $86,000, significantly below its recent trading range, as concerns over slower rate cuts and issues in the AI stock market weigh heavily on investor sentiment. This decline is part of a broader downturn affecting the cryptocurrency market, with many assets experiencing increased sell pressure.

The U.S. Securities and Exchange Commission (SEC) has reportedly eased its enforcement actions against cryptocurrency companies, dropping several cases, including those linked to individuals associated with former President Trump. This shift indicates a significant reduction in regulatory scrutiny within the crypto sector as of 2025.

Bitcoin's price has dropped below $86,000, primarily due to $2.78 billion in selling by large investors, known as whales, which has overshadowed the buying activity from smaller traders. This significant decline raises questions about the ability of Bitcoin to maintain its value above this critical threshold.