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Crypto Rally Falters as Trump Tokens, Stocks Come Under Pressure
As stocks and bonds surge on growing confidence that the Federal Reserve will soon cut interest rates, cryptocurrencies are refusing to join the rally. Digital assets and related equities extended losses Thursday, with some of the steepest declines hitting tokens and companies tied to ventures associated with Donald Trump’s family, many of which took off thanks to his pro-crypto policies. Shares of ALT5 Sigma Corp., a treasury company holding the WLFI token of Trump-linked decentralized finance project World Liberty Financial Inc., slumped around 12%. The stock is down more than 50% in the past week. The WLFI token ... (full story)
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