Trump’s Crypto Gamble

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As liquidation in the crypto market cools down to $312 million, the bullish recovery is clearly visible with the total crypto market cap, excluding Bitcoin

BTC
$102 613

24h volatility:
3.6%

Market cap:
$2.03 T

Vol. 24h:
$63.10 B

, has bounced back to $1.41 trillion. As ETH

ETH
$3 190

24h volatility:
3.9%

Market cap:
$384.54 B

Vol. 24h:
$27.31 B

dominates this index, the Ethereum price reveals strong bullish support at lower levels. Let’s be honest, it’s looking like a bull in a china shop! 🐂😈

Furthermore, with the Ethereum price reclaiming the $3,200 level, the current market analysis hints at a potential reversal. Will this reversal reach the $4,000 crucial resistance? Maybe, maybe not… the future is a mysterious mistress, isn’t she? 😉

Institutional Interest: Trump’s Fund Buys More Ethereum

Fueling the bullish anticipations, Trump’s World Liberty Financial has recently acquired another batch of Ethereum tokens. In the recent purchase, Trump’s financial fund bought 3,247 ETH tokens for $10 million. Is this a sign of things to come? Or just another publicity stunt? 🤔

This pumps the WLF’s ETH holding to 78,722.84 ETH. At the current market price, this is worth nearly $257 million. Over the past week, the venture fund has spent nearly $130M to acquire 39,242 ETH tokens. Someone’s feeling a little bullish, aren’t they? 📈😂

The buying spree comes at an average price of $3,312 and is down by $5.12 million, registering a 3.94% loss. The Ethereum holding of WLF constitutes 63,253 ETH tokens in a multi-signature wallet.

Furthermore, it also holds a 19,408 ETH stake in Lido Finance. Beyond this, the fund might hold another 14,611 ETH worth $46.6 million at Coinbase. Sounds like someone’s diversifying! 💰

As Trump’s presidency continues, the chances of smoother regulations and growing crypto support will likely boost crypto prices.

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2025-01-28 12:52