Bitcoin showed weak performance in the final stages of a record-breaking year, dropping below $94,000 on Tuesday, about $14,000 lower than the historical high set on December 17, and has fallen to the 50-day moving average. Fairlead Strategies LLC Analyst Katie Stockton wrote in a report, "During Bitcoin's consolidation phase, testing the closely watched moving average level indicates a need to return to a neutral inclination." The pullback in Bitcoin reflects expectations for the Fed to slow down interest rate cuts in 2025, softening the speculative enthusiasm spurred by the anticipated relaxation of crypto regulations in the USA by soon-to-be President Trump. Additionally, the crypto-friendly Senator Bernie Moreno has been elected to the Senate Banking Committee, and given the dominance of crypto supporters in the Trump administration, a boom in the digital Assets Industry is expected.