As the US Senate advanced a bipartisan funding bill aimed at ending the federal shutdown, World Liberty Financial (WLFi) – the Trump family’s crypto venture – is back in the spotlight.
On Monday, November 10, the WLFI token price rose 30% to a high of $0.1681 and has since stabilized at $0.1571.
Summary
- WLFI is up 25% on the day, after reaching a peak of $0.1681
- The US government shutdown is about to end, creating positive market sentiment
- The major crypto assets and stocks all rose, but not as much as WLFI
World Liberty Financial’s intraday volume also rose 842.02% to nearly $900 million, marking one of the most active sessions since launch. The move is in stark contrast to public perception of President Trump, whose approval among voters has declined, according to a new Emerson College report. poll.
WLFI Token Beats Markets in Rally
The financing decision came next eight Democrats broke ranks and voted with the Republicans. This allowed Republicans to secure a 60-40 vote on the bill and avoid a broader deal with Democrats.
Politically, the resolution is a victory for Trump and the Republicans, which is likely why the WLFi token price went up. Notably, Official Trump’s meme coin (TRUMP) also rose 17% after the deal news broke.
Regardless, both stocks and crypto assets rose as news of the deal broke, amid the shutdown’s contribution to significant macroeconomic uncertainty. In fact, the S&P 500 rose 1.32%, the Nasdaq rose 2.07%, while the top 20 crypto assets rose 2.15%.
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