#TrumpVsMusk
The crypto market faced a sharp downturn today, with major coins like Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) all seeing significant losses. Bitcoin has fallen 3.1% in the past 24 hours and is trading near $101,701, raising concerns among investors. Key drivers behind the drop include mass liquidations of leveraged positions, sparking forced selling and panic. A public feud between Elon Musk and Donald Trump has also rattled sentiment. Meanwhile, large whale sell-offs and profit-taking after Bitcoin’s recent rally to nearly $112,000 have added pressure. Investors are also bracing for the upcoming U.S. jobs report, which could affect Federal Reserve policy. Overall, the total crypto market cap has shed nearly $180 billion, now hovering around $3.12 trillion as uncertainty grips the market.
