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COINTURK NEWS > Altcoin News > Trump Acquires Altcoins: What It Means for the Market
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Trump Acquires Altcoins: What It Means for the Market

In Brief

  • Bitcoin price is currently at $107,400, affecting altcoin traders negatively.

  • Trump's WLFI project has made significant altcoin purchases recently.

  • Upcoming market changes may lead to increased volatility in cryptocurrencies.

Fatih Uçar
Fatih Uçar 1 year ago
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Bitcoin $75,023 price stands at $107,400, and the last 24 hours have generally been unfavorable for altcoin traders. Many cryptocurrencies fell victim to the dwindling liquidity caused by the Trump family’s meme coins. While BTC has reached its all-time high, Trump continues to accumulate altcoins. As this article was prepared, Trump’s WLFI project had acquired three cryptocurrencies.

Altcoins Acquired by Trump

Yesterday, the WLFI project purchased over $20 million worth of ETH in multiple transactions and is now accumulating more altcoins. Recently, it acquired AAVE, LINK, and TRX Coin, each for $4.7 million based on on-chain data. These purchases were made by World Liberty Financial.

Trump will take office at 8:00 PM Turkey time, and upcoming decrees are expected to induce more volatility in cryptocurrencies. With the U.S. markets closed today, ETF investors have accumulated nearly $1 billion in BTC ETF ahead of Friday. This situation reflects the market’s rising expectations for the week ahead.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 20 January, 2025 - 4:35 pm 20 January, 2025 - 4:35 pm
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