Bitcoin Rallied – Trump’s Crypto Bets Went the Other Way

On November 5, 2026, Bitcoin gained 5.2% to $80,572 over 24 hours while the Trump-linked TRUMP token fell 16% to $1.255, a gap of about 21 percentage points as other major cryptocurrencies also rose. The split followed the November 3 midterms, where Democrats won both the House and Senate, ending two years of Republican control. Democrats do not take committee control until January 3, but Rep. Robert Garcia, the top Democrat on the House Oversight Committee, said the panel would examine the family’s crypto deals. TRUMP and World Liberty Financial’s WLFI are the two tokens most closely tied to the president’s family; WLFI fell 3.1% to $0.0473 over the same period.