World Liberty Financial, a firm backed by President Donald Trump, is increasing its investments in digital assets amidst the current downturn in the crypto market.
Increase in Crypto Assets by World Liberty Financial
World Liberty Financial has boosted its digital assets by purchasing 84.5 wrapped Bitcoin (WBTC) at an average price of $118,343, totaling $10 million in investments. Additionally, the company invested $8.6 million in acquiring 1,911 Ethereum (ETH) at an average price of around $4,500 per coin. As a result, the company's total crypto holdings reached approximately $98.9 million.
Institutional Investors Strengthen Crypto Market Position
In addition to World Liberty Financial, other major investors have also ramped up their activity during the current market decline. Over the past week, Bitcoin and Ethereum exchange-traded funds have recorded a trading volume of $40 billion, the highest since their launch. Specifically, the BlackRock IBIT and ETHA funds showed increased institutional demand.
Technical Outlook for Bitcoin and Ethereum
Bitcoin has maintained a strong upward trend despite short-term corrections, recently retesting support above the 100-day Simple Moving Average at around $116,905. Ethereum has also noted over an 8% increase last week, reaching $4,400 during mid-session trading in London. If Ethereum rebounds successfully, its price may exceed $5,000.
The recent purchases by World Liberty Financial highlight the confidence of major players in the long-term strength of crypto assets. Significant inflows into ETFs and substantial acquisitions by institutional investors reinforce the positive outlook for both Bitcoin and Ethereum.
