Trump-Musk Spat Sees Bitcoin Tumble, Liquidating $308M in Longs
#TrumpVsMusk
🔸 Bitcoin long traders suffered significant losses over the past 24 hours as the cryptocurrency’s price dipped nearly 3%, nearing a retest of the $100,000 level amid broader macroeconomic tension and continued sell-offs by long-term holders.
🔸 The price decline coincides with an escalating feud between US President Donald Trump and billionaire Elon Musk, while Bitcoin holders who have held their positions for over 155 days continue selling to lock in profits.
🔸 Bitcoin’s price currently holds above $102,000. Over the past 24 hours, Bitcoin reached a high of $105,915 before dropping to a low of $100,500, according to CoinMarketCap. As of publication, Bitcoin trades at $102,180.
