Ted Cruz buys bitcoin on the dip

Sen. Ted Cruz bought up to $50K worth of bitcoin (BTC-USD) late last month as the cryptocurrency came close to a recent low. Cruz bought between $15K and $50K of bitcoin on Jan. 25, according to disclosure filed Friday. Bitcoin traded between a high of $38,825 and a low of $37,770 that day. It was down about 45% from its high in November last year. Bitcoin (BTC-USD) is up about 10% since then. Cruz spoke to Apple (NASDAQ:AAPL) CEO Tim Cook five days before the trade to discuss antitrust bills. House Speaker Nancy Pelosi has come under fire lately for her stock trades. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.