Trump-Linked Tokens Fall as Bitcoin Rises After Midterms

Trump-linked cryptocurrencies fell after Democrats won control of both chambers of Congress in the November 4 midterm elections, while Bitcoin and Ether rose, marking a sharp split in trading across the digital-asset market. The Official Trump token, known as TRUMP, dropped 17% over 24 hours to about $1.33, and World Liberty Financial’s WLFI token declined more than 7% to about $0.047, according to CoinMarketCap figures cited in reports on November 5. The tokens were among the biggest losers among the top 100 cryptocurrencies. Bitcoin rose more than 4% over the same period to about $80,500, while Ether gained about 6% to roughly $2,400 to $2,433. The broader crypto market also advanced. The different movements came as investors assessed the election’s implications for businesses associated with President Donald Trump, though the reports do not establish that the political result caused the token declines. Other politically themed assets also fell. The MELANIA memecoin, associated with First Lady Melania Trump, lost nearly 13% to about $0.066. A token named after Vice President JD Vance declined nearly 12%; reports said it had no confirmed official connection to him. The...