Members of Congress have been actively buying up Bitcoin (CRYPTO: BTC) and Bitcoin ETFs over the last 12 months. Many of the purchasers are allies of President Donald Trump and serve on financial committees, which could be a conflict of interest.

Congressman Buys Bitcoin

Congressman Byron Donalds (R-Fla.) recently disclosed buying $50,000 to $100,000 in Bitcoin, as reported by the Benzinga Government Trades page.

The purchase came alongside Donald disclosing the sale of shares of Abbott Laboratories (NYSE:ABT) and the purchase of shares of Comfort Systems (NYSE:FIX).

This marks the first purchase of Bitcoin by Donalds. Bitcoin traded between $84,436.31 to $89,412.66 on Dec. 18 and currently…

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Bitcoin is holding above $90,000 amid a solid U.S. jobs data release on Friday.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTCEthereum(CRYPTO: ETHSolana(CRYPTO: SOLXRP(CRYPTO: XRPDogecoin(CRYPTO: DOGEShiba Inu(CRYPTO: SHIB5)$90,526.47)$3,084.76)$136.55)$2.09)$0.1402)$0.08633

Notable Statistics:

Coinglass data shows 80,473 traders were liquidated in the past 24 hours for $202.65 million.       

In the past 24 hours, top gainers include Polygon, Pump.fun and Stacks.

Notable Developments:

Trader Notes: Altcoin Sherpa said the current environment favors either short-term scalp trades or staying on the sidelines until Bitcoin delivers a strong, sustained breakout above $94,000.

Until that…

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Wall Street found firm footing to close the week as solid but unspectacular jobs data eased fears of a sharp labor market slowdown while keeping Federal Reserve rate-cut expectations intact.

• Vistra shares are powering higher. Why is VST stock surging?

Both the S&P 500 and the Russell 2000 climbed to fresh record highs, signaling a rally that has broadened across both large-cap and small-cap stocks. By midday trading in New York, the index of the 500 largest U.S. corporations broke above 6,970 points, up 0.7%. The Russell 2000 jumped up to 1.2% to 2,635, setting another all-time high and marking its fifth gain in the past six sessions.

Blue-chip stocks also hovered near record…

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Bitcoin (CRYPTO: BTC) is setting up well for a rally in 2026, backed by several bullish technical indicators and receding sell pressure.

What Happened: Glassnode data shows that profit-taking pressure has largely subsided, allowing Bitcoin to rebound from around $87,000 into the mid-$90,000 range.

The move reflects exhaustion on the sell side—particularly among long-term holders—and signals a stabilization phase following the distribution seen in the fourth quarter of 2025.

However, upside momentum now faces substantial overhead supply between roughly $92,000 and $117,000, where many recent buyers are sitting near breakeven.

Absorbing this supply is expected to take time and remains a…

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Crypto markets have opened 2026 on a much stronger footing after months of weakness, with altcoins and meme coins rebounding and overall sentiment improving.

What Happened: According to Santiment data, improving retail sentiment across major crypto assets is being driven less by hype cycles and more by macro forces, ETF flows, and positioning dynamics.

Bitcoin (CRYPTO: BTC), up around 3% on the week, is increasingly behaving like a macro asset.

Price action is now closely tied to spot ETF flows, U.S. economic data, and interest rate expectations rather than crypto-native narratives.

While selling pressure has eased and sentiment has improved, $90,000 remains a key psychological level.

Benzinga

The U.S. Supreme Court did not issue a ruling Friday on President Donald Trump’s sweeping global tariffs, as traders price in a 75% chance that the Supreme Court ultimately rules in favor of Trump’s tariffs.

Polymarket Shows 25% Odds Trump Wins Tariff Case

The court has not announced when it will decide the case.

Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal” tariffs on goods from nearly every foreign trading partner, citing trade deficits as a national emergency.

He used the same law for duties on China, Canada, and Mexico, citing fentanyl trafficking.

Trump imposed the duties by invoking a 1977 law meant for national emergencies, and…

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Pudgy Penguins (CRYPTO: PENGU) jumped 19% over the past week, outperforming meme coin peers such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

CryptocurrencyTickerPriceMarket Cap7-Day TrendDOGESHIB5Pudgy Penguins(CRYPTO: PENGU)$0.01201$755 million+18.8%Dogecoin(CRYPTO: )$0.1390$23.4 billion+5.9%Shiba Inu(CRYPTO: )$0.08705$5.12 billion+12.3%

Trader Notes: Altcoin Sherpa described PENGU as a “promising reversal setup,” pointing to an inverted head-and-shoulders pattern forming at higher-time-frame support.

The trader said the move may require patience but views the potential rebound as one of the higher-priority trade setups this year.

MacroCRG said PENGU is trading at a solid…

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