Amid crypto market stability, Bitcoin holds steady at $92K, while Ethereum sees a 5% uptick following major transactions.
Current Market Situation
Bitcoin maintains its position at $92K despite significant market fluctuations this week. Activity within digital assets has intensified, especially regarding World Liberty Financial, a decentralized finance project linked to Donald Trump.
Large Purchases by World Liberty Financial
According to Arkham Intelligence, World Liberty Financial transferred $25 million in USDC to a separate contract, which was then used to purchase $10 million worth of Ethereum, $10 million in Wrapped Bitcoin, and $1.5 million in MOVE tokens. This move confirmed the project's focus on increasing ETH holdings, which now total approximately 7,092 ETH. Its Bitcoin holdings have also increased, currently standing at 162.69 WBTC.
Additional Transactions and Market Activity
According to Arkham Intelligence, within the last two hours, World Liberty Financial has been actively exchanging USDT for Ethereum. The project also holds various other altcoins, including Tron, ONDO, Wrapped Ethereum, and MOVE. Notably, its MOVE holdings amount to 7.581 million tokens, valued at $3.57 million.
Following these transactions, Ethereum experienced a 5% price surge, while Bitcoin maintained its upward trend, reflecting broader market movements.
