The price of Bitcoin (CRYPTO: BTC) fell 10.1% during the first year of Donald Trump’s second presidential term. Close allies of the president and other members of Congress have been actively buying Bitcoin and Bitcoin ETFs over the past year amid increasing expectations of new regulations and pro-crypto moves from Washington.
Congressman Buys Bitcoin Dip
After trading for six figures during part of 2025, Bitcoin fell in value in late 2025 and early 2026.
Congressman Byron Donalds (R-Fla.), Trump’s close ally and preferred candidate to win the Florida governor race, is among those buying the Bitcoin dip.
Donalds recently disclosed purchasing $1,000 to $15,000 in Bitcoin, according to the Benzinga Government Trades page. The transaction was made on Jan. 8.
Along with buying Bitcoin on Jan. 8, the congressman also disclosed …