Bitcoin has performed poorly in the final stage of a record-breaking year. As of Tuesday, 06:08 New York time, Bitcoin is around $93,944, approximately $14,000 lower than the historic high set on December 17. Bitcoin has dropped to the 50-day moving average, which some consider a reason to remain cautious. In the 'consolidation phase' of Bitcoin, testing this closely watched moving average level indicates a need to 'return to neutral bias,' wrote Fairlead Strategies LLC Analyst Katie Stockton in a report. Bitcoin's decline reflects expectations for the Federal Reserve to slow its rate cuts in 2025, a prospect that has tempered speculative enthusiasm generated by incoming President Donald Trump's push to relax USA cryptos regulations. Trump also supports the idea of establishing a national Bitcoin reserve. In the latest developments in the USA, pro-cryptos elected Senator Bernie Moreno has been appointed to the Senate Banking Committee. Given the dominance of crypto supporters in the Trump administration, the digital assets industry is expected to prosper.