Official Trump and World Liberty Financial were the two biggest losers among the top 100 cryptocurrencies following the US midterm elections. Official Trump fell 17% to $1.33, while World Liberty Financial dropped more than 7% to $0.047. Meanwhile, Bitcoin rose more than 4% to around $80,500, Ether gained 6% to $2,433, and the total crypto market capitalization increased 3.4% to $2.69 trillion. The Democrats’ congressional victories could complicate Donald Trump’s crypto plans and increase scrutiny of his family’s crypto businesses. The political memecoin market lost more than 16% in capitalization, falling to $477 million, raising questions about whether political sentiment alone can sustain demand for these assets.
Source: Read the original article
