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.
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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…
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