SBF Praises Trump: BTC Below 80K

Sam Bankman-Fried Praises Trump

Former FTX founder Sam Bankman-Fried continued to praise US President Donald Trump on social media after former Alameda Research CEO Caroline Ellison completed her 440-day prison sentence and was released from federal supervision. Bankman-Fried stated on the X platform on Friday that he finds Trump’s crypto policies correct, describing the arrest of Venezuelan President Nicolás Maduro as “smart, bold, and pro-democracy.” At the same time, he criticized former President Joe Biden, to whom he had previously donated millions of dollars, and argued that world leaders are dissatisfied with Biden due to his crypto policies.

Bankman-Fried criticized Biden’s appointment of SEC Chairman Gary Gensler, blaming the “regulation by enforcement” approach in crypto regulations; Gensler resigned in January 2025. Gensler’s successor, Paul Atkins, appointed by Trump in April 2025, is seen as more friendly to the crypto sector. Bankman-Fried was convicted of seven crimes in 2023 following the 2022 FTX collapse, sentenced to 25 years in prison, and filed an appeal in November 2025. On the Polymarket prediction platform, the probability of Trump pardoning Bankman-Fried by 2027 is seen at 17%.

BTC Price Drop: Below MicroStrategy’s Cost Basis

Bitcoin fell below MicroStrategy’s cost basis of 76.037$ for the first time since October 2023. It also dropped below the 80.000$ level in April 2025, dominating the BTC detailed analysis agenda. Current price 78.764$, 24-hour change +1.82%. This drop reflects market pressure contradicting SBF’s praise of Trump.

BTC Technical Outlook and Supports

RSI 30.04 (Oversold), trend down, Supertrend bearish, EMA 20: 85.695$.

• Supports: S1 74.604$ (strong, -5.54%), S2 78.778$ (strong, -0.26%)
• Resistances: R1 79.346$ (strong, +0.46%), R2 83.548$ (strong, +5.78%)

Be cautious with BTC futures.