Inside Trump’s Crypto Holdings: $6.9M Portfolio, With One Altcoin Ready For A Major Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	445,650,851,950	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

445,650,851,950

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-5.19	-0.14%	3,705.56	3,705.06	3,705.31

Price Change

Price Change %

Current Price

Bid Price

Offer

-5.19

-0.14%

3,705.56

3,705.06

3,705.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,762.72	3,651.18	3,709.03	3,710.75	2,080.02 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,762.72

3,651.18

3,709.03

3,710.75

2,080.02 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:18:53	0.000297	3,705.33	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:18:53

0.000297

3,705.33

USD

Price x Volume	Volume	Base Symbol	Related Pairs
137,001,305.81	36,894.42	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

137,001,305.81

36,894.42

Inside Trump’s Crypto Holdings: $6.9M Portfolio, With One Altcoin Ready For A Major Rally

26/11/2024 3:00am

NEWSBTC

Recent data from market intelligence firm Arkham Intel reveals that President-elect Donald Trump’s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory on November 5. Despite Bitcoin (BTC) being at the center of Trump’s presidential campaign, one notable asset among his holdings is Ethereum (ETH), of which he owns nearly 496 coins. This altcoin has been the standout performer among his investments, rising 38% over the past thirty days. Trump’s Crypto Holdings Shine Crypto analyst Michael van de Poppe pointed out a bullish divergence on Ethereum’s daily chart, suggesting that the current market dynamics are ripe for further growth. The analyst identified a key driver behind ETH’s recent performance: a significant drop in government bond yields. As these yields decline, van de Poppe suggests that investor interest in riskier assets like Ethereum tends to increase, propelling prices higher. Related Reading: Historic Bitcoin Buy: MicroStrategy Adds 55,500 More BTC To Its Portfolio For $5.4 Billion Van de Poppe elaborated that the ongoing fluctuations in the yield markets could significantly impact Ethereum’s trajectory. With Labor Market Week approaching, he speculated that if economic indicators are weak, the Federal Reserve might implement more rate cuts. Such actions would likely lead to lower yields, further boosting Ethereum’s price. Another analyst, Jesse Olson, echoed this optimistic outlook, noting that Ethereum’s dominance over Bitcoin is showing signs of a bullish divergence. His analysis indicates that positive momentum could soon lead to significant buying opportunities for ETH. As a result of these developments, Trump’s crypto holdings have surged by nearly $1.6 million within the past 24 hours, reflecting the positive market sentiment surrounding Ethereum and other tokens in his portfolio. Major Investment From TRON Founder In a related development, crypto entrepreneur Justin Sun has emerged as a major investor in Trump’s World Liberty Financial, committing $30 million to the decentralized finance (DeFi) project. Sun, the founder of the TRON cryptocurrency, declared his support for Trump’s vision of turning the US into a blockchain hub. He noted, “TRON is committed to making America great again and leading innovation,” highlighting the project’s ambition to democratize financial services by eliminating intermediaries. Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance World Liberty Financial, which was launched shortly after Trump survived a second assassination attempt, aims to raise $300 million at a valuation of $1.5 billion. However, the project has recently revealed that its WLF token offerings are primarily being marketed offshore, with only $30 million set aside for US investors. Once this threshold is met, the US offering will close, despite having a substantial amount of tokens still available for sale. Trump is also reportedly in discussions for the acquisition of the digital asset marketplace Bakkt Holdings Inc. through Trump Media & Technology Group Corp., which he controls. At the time of writing, ETH was trading at $3,435, up 2.4% for the 24-hour period. Featured image from CFR, chart from TradingView.com

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