Bitcoin surged previous $67,000 as US markets opened, reaching its highest worth since August. The digital asset jumped 3% inside half-hour following two consecutive days of inflows into Bitcoin exchange-traded funds totaling $809 million.
Across the identical time, the Trump-backed decentralized finance challenge World Liberty Finance (WLFI) launched its token presale. Stories point out that WLFI raised $5 million in its first hour (1.6% of its objective,) although the challenge’s web site skilled intermittent downtime, halting token purchases for at the very 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 elevate $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 might 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.