Bitcoin surged previous $67,000 as US markets opened, reaching its highest value since August. The digital asset jumped 7% inside half-hour following two consecutive days of inflows into Bitcoin exchange-traded funds totaling $809 million.
Across the similar time, the Trump-backed decentralized finance undertaking World Liberty Finance (WLFI) launched its token presale. Studies point out that WLFI raised $5 million in its first hour (1.6% of its aim,) although the undertaking’s web site skilled intermittent downtime, halting token purchases for at the least eight minutes.
As of press time, CryptoSlate has been unable to entry the WLFI web site, which seems to be down.
World Liberty Monetary, supported by the Trump household, goals to lift $300 million by way of its WLFI token presale, projecting a valuation of $1.5 billion. The launch coincides with the upcoming US presidential election, the place former President Donald Trump is a candidate.
Market analysts counsel Trump’s involvement may increase the crypto sector, particularly as prediction markets present him main within the 2024 presidential race, contrasting with Democratic candidate Kamala Harris’s extra subdued stance on digital belongings.