World Liberty Financial, a decentralized finance project associated with US President Donald Trump, has purchased more than $20 million worth of diverse cryptos, including Ethereum. The purchase was made only two days before the most anticipated crypto summit in the White House. Data from analytics firm Nansen shows that a digital wallet belonging to World Liberty Financial added $10.1 million of Ether, $9.9 million of a Bitcoin derivative called WBTC and $1.68 million of MOVE, a token associated with blockchain platform Movement. The representatives from World Liberty Finance did not comment on the issue despite questions. Crypto market rebounds as BTC, ETH gain momentum Although cryptocurrency prices fell sharply at the beginning of the week, Bitcoin, Ethereum, and other notable altcoins are staging a comeback. Different factors may fuel these coins’ resurgence. Among the top reasons is that the State House crypto summit has attracted the attention of crypto lovers, encouraging the market to be bullish. Besides, large investors and whales are taking advantage of the dip to purchase, thus giving the market confidence in its long-term potential. Besides, investors are also interested in boosting global liquidity, focusing on the increasing M2 money supply , which could further boost prices. Crypto commentator Colin Talks Crypto has drawn attention to a notable spike in the Global M2 Money Supply chart, highlighting a new vertical increase on the far-right side of the chart. According to Colin, such liquidity increases benefit risk assets such as stocks and cryptocurrencies. The analyst has hinted that there will be an epic rally for Bitcoin and other digital assets, stating that March 25 may be a day for Bitcoiners. Investors often hedge against inflation and a depreciating fiat value if the money supply goes up. This has long spurred bull cycles, and this cycle may be no different, as many market people speculate that it will catalyze a bestial upward shift in crypto valuations. Rekt Capital also joined the conversation, stating that recent bearish market conditions have slaughtered short-term speculative investors. He thinks larger investors can acquire BTC more cheaply. While the market is treating the above idea as sound, the analyst supports the need for caution, as cryptos are risky. According to Rekt Capital, Bitcoin’s mid-term target price should be around $120K as increasing optimism and demand come from institutions. This forecast aligns with the mounting market sentiment that BTC could be on the verge of entering another bullish phase, especially with the countdown to the next Bitcoin halving event in full effect. President Trump spearheads World Liberty Financial’s promotion In 2024, World Liberty Financial launched as a DeFi project. It was designed to provide financial services such as lending and trading crypto directly to consumers but has yet to do so. The President and his sons, Donald Jr. and Eric Trump, have long actively promoted the entity in all avenues, even in some instances making appearances at the company’s events. Other co-founders of Liberty Financial include Steve Witkoff, a Trump ally now the President’s Middle East envoy, and his son Zach Witkoff. Many people are unclear about Liberty’s plans. However, Chase Herro, another co-founder, has hinted that World Liberty plans to establish its own crypto strategic reserve. The cryptocurrency sector has been busy lately with President Trump’s footprint in almost every action. His Sunday pronouncement that the proposed US crypto strategic reserve to include altcoins triggered a massive rally for the altcoins. However, most of the gains from that day were later reversed as optimism about the reserve plan turned to skepticism. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
