An epic reversal unfolded just a day ago when U.S. stocks were bloodied, with a market value evaporating by $150 billion overnight! The catalyst was Politico's revelation of the White House's urgent arrangement for Trump to talk with Musk, and this high-profile conversation instantly made the cryptocurrency circle tense: Is the 'King of Promotion' Musk about to do something big again?
Don't forget, this man once made Dogecoin soar 100,000 times with a single tweet and also caused Bitcoin to crash 30% in one day! Now his X Money payment app is secretly testing cryptocurrency payments, and rumors are swirling that Dogecoin may become the 'favorite child' to be integrated first. If it fully rolls out in 2025, it could very well replicate the 'Musk Effect' — when Tesla announced it would accept Bitcoin, the price soared 10% in one day, only to plummet 30% when it paused accepting it. Will this script repeat itself?
What's even more exciting is that the Trump administration is playing a big game: in March, they just included Bitcoin and Ethereum in the 'national strategic reserve', and on June 7, they will hold a White House cryptocurrency summit. The scale of Bitcoin ETFs from giants like BlackRock has surged to $70 billion! Trump even had his family business apply for a 'Truth Social Bitcoin ETF', clearly aiming to greenlight cryptocurrencies. Moreover, the U.S. is pushing for the legalization of stablecoins, with Hong Kong also set to implement stablecoin regulations in August, and global regulation is suddenly being 'relaxed', leading to a massive influx of capital into the crypto space!
Now the market is betting: Will Trump and Musk discuss 'Tesla restarting Bitcoin car purchases'? It should be noted that Tesla's official website quietly resumed Bitcoin purchases for merchandise in March this year, and if they open up car payment options, Bitcoin could easily break through the $100,000 barrier (currently fluctuating around $95,000)! As for Dogecoin, it goes without saying; as long as Musk gives a 'privileged position' in X Money, it could dramatically replicate the wild surge we saw years ago — don't forget, this is the guy who made Dogecoin skyrocket from $0.0002 to $0.74 just by tweeting!
Of course, the risks are deafening: Musk's words are more volatile than cryptocurrency prices; he supported Bitcoin one moment and backed out the next. If this conversation falls apart and he suddenly changes his tune to 'stay away from cryptocurrencies', the entire market could be turned upside down! Moreover, the global economy is currently mired in lawsuits, high tariffs, and disrupted supply chains, and if a recession is triggered, the first asset to be sold off would be something as 'crazy' as Bitcoin.
But at this moment, the cryptocurrency market is in a frenzy: the top 100 institutions holding Bitcoin bought 200,000 coins last week, and the on-chain transaction volume of Dogecoin surged by 40%. Even stablecoins are benefiting from this — the U.S. is pushing for stablecoin legislation, which essentially aims to bind the U.S. dollar to cryptocurrencies, giving the crypto market an 'official endorsement'! Now everyone is watching early Saturday morning to see if Twitter will reveal that 'game-changing' news that will set the crypto market ablaze after Trump and Musk chat — after all, these two world-shaking men have never let the market be dull.
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment, let's navigate the bull market together and grab this major opportunity.#特朗普马斯克分歧 #加密市场回调 #币安钱包TGE
