Donald Trump’s recent pardon of BitMEX co-founders has revived optimism in the crypto market. The $100 million fine against BitMEX was reversed, perceived as politically motivated, while Bitcoin’s support level at $83,600 remains critical.

The FDIC’s easing of restrictions for banks engaging in crypto activities, along with Nasdaq’s filing for an Avalanche ETF, shows a growing institutional interest in digital assets, further supporting Bitcoin’s market positioning.