Latest data from market intelligence firm Arkham Intel shows that President-elect Donald Trump's cryptocurrency portfolio has seen significant growth, while at the same time, cryptocurrency prices exhibited a strong upward trend after he won the election on November 5.
Although Bitcoin (BTC) is at the core of Trump's presidential campaign, one important asset he holds is Ethereum (ETH), of which he possesses nearly 496 coins. This altcoin has performed the best in his investments, rising 38% in the past 30 days.
Trump's cryptocurrency assets have performed remarkably.
Cryptocurrency analyst Michael van de Poppe noted the presence of bullish divergence on Ethereum's daily chart, indicating that the current market dynamics are conducive to further growth.
Analysts noted that a key driver of ETH's recent performance is the significant decline in government bond yields. As these yields decrease, van de Poppe believes that investors' interest in riskier assets like Ethereum tends to increase, driving up prices.
Van de Poppe further pointed out that ongoing volatility in yield markets could have a significant impact on Ethereum's trajectory. With the labor market week approaching, he speculated that if economic indicators are weak, the Federal Reserve might lower interest rates further. Such actions could lead to a decline in yields, thereby pushing Ethereum's price even higher.
Another analyst, Jesse Olson, also expressed the same optimistic view, noting that Ethereum's dominance over Bitcoin is showing signs of bullish divergence. His analysis suggests that positive momentum could soon present significant buying opportunities for ETH.
Due to these developments, Trump's cryptocurrency holdings surged by nearly $1.6 million in the past 24 hours, reflecting positive sentiment in the market towards Ethereum and other tokens in his portfolio.
Significant investment from the TRON founder
In related developments, cryptocurrency entrepreneur Justin Sun has become a major investor in Trump's World Liberty Financial, investing $30 million in decentralized finance (DeFi) projects.
TRON cryptocurrency founder Justin Sun expressed support for Trump's vision of turning the U.S. into a blockchain hub. He pointed out, 'TRON is committed to making America great again and leading innovation', highlighting the project's ambition to democratize financial services by eliminating intermediaries.
World Liberty Financial was established shortly after Trump faced his second assassination attempt, aiming to raise $300 million at a valuation of $1.5 billion.
However, the project recently revealed that its WLF token issuance is primarily sold overseas, reserving only $30 million for U.S. investors. Once this threshold is reached, U.S. issuance will end, although there will still be a large amount of tokens available for sale.
Reports indicate that Trump is also negotiating a deal to acquire the digital asset market Bakkt Holdings Inc. through his controlled Trump Media & Technology Group.
At the time of writing, ETH was trading at $3,435, up 2.4% in the past 24 hours.
#ETH市场新动向 $ETH