Bitcoin Breaks $107,000 in Parabolic Advance As ‘Crypto President’ Trump Acquires DeFi Coins
Bitcoin (BTC) is starting the week at another all-time high as optimism around the incoming new presidential administration builds. At time of writing, BTC is trading above $107,000, up nearly 10% in the last week and over 150% year-to-date. President-elect Donald Trump, the first vocally pro-digital asset commander-in-chief of the US who has referred to himself as the “crypto president,” was spotted over the weekend accumulating several altcoins. According to data from crypto intelligence platform Arkham, the treasury for Trump’s World Liberty Financial (WLFI) project, has acquired at least $50 million worth of crypto assets, including Ethereum (ETH), Chainlink (LINK) and Aave. Arkham’s data also shows that Donald Trump’s personal wallets currently hold over $12 million in altcoins, though most of it appears to be memecoins sent to him for promotional purposes. In an interview with CNBC’s Jim Cramer, Trump also appeared to st...