⚠️ Impact of Musk-Trump Feud on Bitcoin Market

The recent public fallout between Elon Musk and Donald Trump has had notable repercussions across financial markets:

Tesla's stock plummeted by 14%, erasing approximately $150 billion in market value.

Bitcoin experienced a 4% drop, influenced by the broader market instability.

Trump Media & Technology Group (TMTG) announced plans to launch a "Truth Social Bitcoin ETF," aiming to hold Bitcoin directly. However, this move has faced skepticism due to the already competitive ETF market.

These developments underscore the interconnectedness of political events and cryptocurrency markets, where investor sentiment can be swayed by political dynamics.

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