{"id":23492,"date":"2024-11-26T03:00:08","date_gmt":"2024-11-26T03:00:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23492"},"modified":"2024-11-26T03:00:08","modified_gmt":"2024-11-26T03:00:08","slug":"inside-trumps-crypto-holdings-6-9m-portfolio-with-one-altcoin-ready-for-a-major-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23492","title":{"rendered":"Inside Trump\u2019s Crypto Holdings: $6.9M Portfolio, With One Altcoin Ready For A Major Rally"},"content":{"rendered":"

Recent data <\/a>from market intelligence firm Arkham Intel reveals that President-elect Donald Trump\u2019s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory<\/a> on November 5.\u00a0<\/p>\n

Despite Bitcoin (BTC) being at the center of Trump\u2019s presidential campaign<\/a>, 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.<\/p>\n

Trump\u2019s Crypto Holdings Shine\u00a0<\/h2>\n

Crypto analyst Michael van de Poppe pointed out a bullish divergence on Ethereum\u2019s daily chart, suggesting that the current market dynamics are ripe for further growth.\u00a0<\/p>\n

The analyst identified <\/a>a key driver behind ETH\u2019s 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.<\/p>\n

Van de Poppe elaborated that the ongoing fluctuations in the yield markets could significantly impact Ethereum\u2019s 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\u2019s price.<\/p>\n

Another analyst, Jesse Olson, echoed this optimistic outlook, noting <\/a>that Ethereum\u2019s 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.<\/p>\n

As a result of these developments, Trump\u2019s crypto holdings <\/a>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.<\/p>\n

Major Investment From TRON Founder<\/h2>\n

In a related development, crypto entrepreneur Justin Sun has emerged as a major investor in Trump\u2019s World Liberty Financial, committing $30 million to the decentralized finance (DeFi) project.\u00a0<\/p>\n

Sun, the founder of the TRON cryptocurrency, declared <\/a>his support for Trump\u2019s vision of turning the US into a blockchain hub. He noted, \u201cTRON is committed to making America great again and leading innovation,\u201d highlighting the project\u2019s ambition to democratize financial services by eliminating intermediaries.<\/p>\n

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.\u00a0<\/p>\n

However, the project has recently revealed <\/a>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.<\/p>\n

Trump is also reportedly <\/a>in discussions for the acquisition of the digital asset marketplace Bakkt Holdings Inc. through Trump Media & Technology Group Corp., which he controls.<\/p>\n

At the time of writing, ETH was trading at $3,435, up 2.4% for the 24-hour period.<\/p>\n

Featured image from CFR, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"

Recent data from market intelligence firm Arkham Intel reveals that President-elect Donald Trump\u2019s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory on November 5.\u00a0 Despite Bitcoin (BTC) being at the center of Trump\u2019s presidential campaign, one notable asset among his holdings is Ethereum (ETH), of […]<\/p>\n","protected":false},"author":0,"featured_media":23493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23492"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23492"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23493"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}