Will the crypto market stumble with Musk's role declining alongside Trump?

Elon Musk, the CEO of Tesla and owner of X (formerly Twitter), recently expressed his desire to step back from his political role alongside Donald Trump since his victory in the 2024 U.S. presidential election.

This change has sparked widespread controversy in the crypto market, where Musk is considered an unconventional player who has moved the market multiple times, most notably when he drove the price of Dogecoin up by more than 8000% in 2021. His indirect support for Bitcoin also contributed to it surpassing the $60,000 threshold for the first time.

Today, with his noticeable reduction in market intervention, a kind of calm has been observed in the volatility of some currencies associated with his persona, such as DOGE and PEPE.

But the most important question: the entry and exit of politics may redraw the map of influence. Will we witness a more mature and independent market? Or is crypto still searching for its 'charismatic leader'?

The coming days may hold the answer...