The verbal conflict between Musk and Trump sparks a decline in Bitcoin, putting market sentiment to a new test
In the past few hours, the interaction between Elon Musk and former U.S. President Donald Trump on social media has drawn widespread attention. Although it appears to be a typical public debate, it has had an immediate impact on the crypto market.
The price of Bitcoin quickly fell after the event became public, and other mainstream cryptocurrencies also experienced fluctuations. This volatility was not due to changes in market fundamentals, but rather the market's rapid response to the dynamics of public figures.
This serves as a reminder to investors that the crypto market is highly sensitive to sentiment and statements. It is particularly important to remain calm and avoid emotional decision-making when facing short-term fluctuations. In the long run, the core value of the market remains unchanged; rationality and patience are key to navigating the volatility.
