Senator Acquires Bitcoin ETFs Ahead of Thanksgiving: 2025 Investments Exceed $500K
Senator's Bitcoin ETF Purchases: U.S. Senator David McCormick has made significant investments in the Bitwise Bitcoin ETF, purchasing between $15,000 to $100,000 on multiple occasions in 2025, totaling between $550,000 to $1.3 million.
Market Context: McCormick's latest purchases occurred while Bitcoin was trading between $85,272.20 and $89,206.34, despite Bitcoin being down 0.9% year-to-date in 2025.
Political Implications: McCormick's pro-crypto stance has garnered endorsements from key figures in the cryptocurrency sector, raising questions about the ethics of congressional members profiting from cryptocurrency investments.
Subcommittee Involvement: As a member of the Senate Banking Subcommittee on Digital Assets, McCormick's trading activities in Bitcoin ETFs may attract scrutiny, especially in light of discussions around a potential Bitcoin Strategic Reserve.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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