Trump-Musk spat sees Bitcoin tumble, liquidating $308M in longs
$BTC long traders took a hit over the past 24 hours amid Bitcoin’s price dwindling amid broader macroeconomic tension and continued sell-offs by long-term holders.
🔸Investors who went long on Bitcoin saw significant losses over the past 24 hours as the cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level.
🔸The price decline comes as the feud between US President Donald Trump and billionaire Elon Musk intensifies, and those holding Bitcoin
BTC
$102,442
for over 155 days keep selling to lock in profits.
🔸Bitcoin price holds above $102,000
Over the past 24 hours, Bitcoin reached $105,915 before falling to $100,500 within a matter of hours, according to CoinMarketCap. At the time of publication, Bitcoin is holding at $102,180.
