As the U.S. 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, Nov. 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
- U.S. government shutdown is about to end, creating positive market sentiment
- Major crypto assets and stocks were all up, but not as much as WLFI
World Liberty Financial’s intraday volume also spiked, rising 842.02% to almost $900 million, marking one of its most active sessions since launch. The move is in stark contrast to public perception of President Trump, whose approval rating among voters has decreased, according to a new Emerson College poll.
WLFI token beats markets in rally
The funding resolution came after eight Democrats broke ranks and voted with Republicans. This enabled the Republicans to secure a 60-40, bipartisan vote on the bill and avoid a broader deal with the Democrats.
Politically, the resolution is a victory for Trump and the Republicans, which is likely why the WLFi token price went up. Notably, the Official Trump (TRUMP) meme coin also soared 17% after the deal news broke.
In any case, both stocks and crypto assets rose as news of the deal broke, amid the shutdown’s contribution to significant macroeconomic uncertainty. Namely, the S&P 500 was up 1.32%, the Nasdaq was up 2.07%, while the top 20 crypto assets were up 2.15%.
