๐ฅ Trump vs. Musk Feud Wipes Out Billions โ Market Reacts Sharply
A heated online clash between Elon Musk and Donald Trump triggered a financial shockwave on June 5, 2025. According to Axios, the fallout from their personal feud caused significant losses in the stock and crypto markets.
๐ป Tesla shares plummeted by 14.3%, wiping out nearly $20 billion from Elon Muskโs net worth.
๐ป Trump Media & Technology Group dropped by 8%, costing Trump approximately $202 million.
๐ป Even the memecoin $TRUMP wasnโt spared โ falling by over 10%.
This unexpected drama spooked investors and created a ripple effect across risk assets โ including $BTC , which briefly dipped below $102,000. For some, like myself, this dip was a buying opportunity. But itโs a stark reminder of how personality-driven events can shake markets just as much as macro trends.
