#TrumpVsMusk
🚨 Crypto Bloodbath: Trump-Musk Clash Wipes Out $170B in Market Value!
The crypto world was rocked on June 5 as a fiery showdown between Donald Trump and Elon Musk sent shockwaves across global markets. The total crypto market cap plunged by $170 billion, hitting $3.26 trillion—its lowest point since May 8—before clawing back slightly to $3.3T during Asia’s trading hours.
📉 Bitcoin tanked over $5,000 to dip below $101K, recovering modestly to around $102.8K. The carnage triggered nearly $1 billion in liquidations, wiping out 228,000 traders—with a staggering 90% holding long positions on BTC.
🔥 What triggered the meltdown?
A no-holds-barred feud exploded between Trump and Musk:
Musk ripped into Trump’s tariffs, warning they could spark a deep recession.
He slammed the so-called “One Big Beautiful Bill”, calling it economic sabotage.
In a shocking move, Musk hinted at Trump’s alleged ties to Epstein files, sparking widespread backlash.
Trump didn’t hold back—defending the bill as “one of the greatest economic packages ever” and calling Musk “a tech tyrant with a god complex.”
🚀 Meanwhile, tensions soared as SpaceX threatened to halt its Dragon spacecraft missions, citing “contractual hostility” from the federal government.
🧠 Market analysts say a cool-down phase may follow, but if investor sentiment weakens further, the bull run could hit a major roadblock.
💣 Is this just a bump—or the beginning of a major unraveling?
📲 Follow for real-time updates and deep dives. This drama’s just getting started.
