Bitcoin hits highest price since August as US markets open, breaking $67k

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Trump-backed World Liberty Finance also raised $5 million within an hour amid Bitcoin surge

Bitcoin surged past $67,000 as US markets opened, reaching its highest price since August. The digital asset jumped 7% within 30 minutes following two consecutive days of inflows into Bitcoin exchange-traded funds totaling $809 million.

Bitcoin price jump

Around the same time, the Trump-backed decentralized finance project World Liberty Finance (WLFI) launched its token presale. Reports indicate that WLFI raised $5 million in its first hour, though the project’s website experienced intermittent downtime, halting token purchases for at least eight minutes.

World Liberty Financial, supported by the Trump family, aims to raise $300 million through its WLFI token presale, projecting a valuation of $1.5 billion. The launch coincides with the upcoming US presidential election, where former President Donald Trump is a candidate.

Market analysts suggest Trump’s involvement could boost the crypto sector, especially as prediction markets show him leading in the 2024 presidential race, contrasting with Democratic candidate Kamala Harris’s more subdued stance on digital assets.