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Highlights
- Donald Trump's DeFi project, World Liberty Financial, resumed crypto purchases, investing $10 million each in WBTC and ETH.
- On-chain data reveals $3.5 million USDC remains in reserve for potential further buys.
- Crypto experts anticipate a bullish surge for Bitcoin, with Rekt Capital forecasting a 25% rally to $120K.
World Liberty Financial, Donald Trump’s DeFi project, has once again started buying Bitcoin and Ethereum after a brief hiatus. The recent purchase comes as the crypto market recovers from correction earlier this week with BTC moving past $92,000 and ETH surging to over $2,300. As per the on-chain data, the DeFi project has invested $10 million each in both these top two cryptocurrencies.
World Liberty Financial Makes Fresh Purchases of WBTC, ETH
World Liberty Financial, a fund led by former U.S. President Donald Trump, has resumed significant activity in the crypto market. As per on-chain platform Spot On Chain, the fund has moved a total of $25 million USDC into a newly created multi-signature wallet a few hours back. The fund has executed the following purchases:
- 4,468 Ethereum (ETH) for $10 million at a price of $2,238 per ETH.
- 110.6 WBTC for $10 million at $90,420 per Bitcoin.
- 3.42 million MOVE tokens for $1.5 million at $0.439 per token.
Approximately $3.5 million USDC remains in the wallet, sparking speculation of additional buys in the near future. The Donald Trump’s DeFi project has already launched a macro strategic reserve for its crypto expansion. This purchase by World Liberty Financial underscores renewed interest in major cryptocurrencies and altcoins by institutional investors.
Crypto Market Recovers, BTC, ETH Gains Strength
Following a brutal crash earlier this week, Bitcoin, Ethereum and the broader crypto market have staged a strong recovery as whales and big players have charged in to buy the dips. Investors are now betting on the global liquidity boost and the surge in M2 money supply.
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.
“The rally for stocks, Bitcoin, crypto is going to be epic,” he stated, pointing to March 25th as the approximate timeline for the anticipated surge. Crypto analyst Rekt Capital has weighed in on Bitcoin’s recent price recovery, noting that weak hands have exited the market, while larger investors seized the opportunity to buy the dip.
Despite Bitcoin’s promising rebound, the analyst cautions that the cryptocurrency isn’t entirely in the clear yet. Rekt Capital highlighted a key wedge formation on the charts, suggesting that if Bitcoin breaks out to the upside, a 25% bullish rally could unfold in the coming days. The analyst has given a mid-term target of $120,000, highlighting growing optimism for the asset.
All eyes on Crypto Summit
US President Donald Trump will be attending the first White House Crypto Summit along with other industry leaders and CEOs. Renowned experts, including Michael Saylor and Matt Huang, are set to participate in the upcoming summit, aiming to drive the development of progressive digital asset policies.
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