#TrumpVsMusk
The relationship between Donald Trump and Elon Musk is experiencing an unprecedented escalation, especially following the recent public dispute over the "One Big Beautiful Bill". Musk has held Trump responsible for increasing the federal deficit and reducing support for green energy, prompting Trump to respond with a direct attack on Musk's companies and a threat to cancel important federal contracts such as those with SpaceX and Tesla.
This tension has led to significant losses for Tesla, with its market losses exceeding $152 billion. The political disagreements have also become clear in the differing positions of tech leaders and the capital market in Silicon Valley.
📉 The impact of the conflict on cryptocurrencies and the proposed currency pair
The market is witnessing a sharp decline, with Bitcoin BTC/USD dropping below $101,000, and Ethereum ETH/USD falling by approximately 6%, on Friday, June 6, 2025. This slide is primarily due to the fluctuations in investor sentiment resulting from the foreign escalation, which quickly reflects on cryptocurrency pairs compared to traditional fiat currency pairs.
🧩 Strategic Recommendation - Currency Pair: BTC/USD
For the follower or investor seeking a balance between high opportunities and institutional risks:
Technical Analysis: Sliding below $101,000 may indicate a short-term correction, while stability above this level may signal the continuation of bullish momentum.