#TrumpVsMusk
Last night, a public feud between Elon Musk and Donald Trump on X escalated, contributing to a broader market downturn. Musk criticized Trump's $4 trillion budget bill, calling it a “disgusting abomination,” prompting Trump to express disappointment and threaten to cut Tesla and SpaceX contracts. Musk retaliated, claiming he was crucial to Trump's election win and mentioning controversial allegations. This clash led to a sharp decline in Tesla shares, dropping 5-14%, wiping out nearly $100 billion in market value. Bitcoin fell 4% to around $100,700, with the broader crypto market down 3%, and 227,000 traders faced $983 million in liquidations. The public dispute between these high-profile figures has heightened market volatility and investor uncertainty.
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