🚨 Markets Rattle as Trump-Musk Feud Sends Shockwaves Through Crypto!

The crypto markets took a hard hit on June 5, with total market cap plunging \$170B to \$3.26T — the lowest in nearly a month. A modest bounce during Asian hours brought it back to \$3.3T, but volatility remains high.

📉 **Bitcoin** tumbled \$5K to dip below \$101K before recovering slightly to \$102.8K.

⚠️ Over **228,000 traders** were liquidated, wiping out nearly **\$1B**, with **BTC longs accounting for 90%** of the carnage.

**What triggered the turmoil?**

A high-profile clash between former President **Donald Trump** and **Elon Musk**. Musk openly criticized Trump’s tariffs and warned they could spark a recession. He also slammed the “One Big Beautiful Bill” and made veiled references to Trump’s alleged Epstein connections.

Trump retaliated by defending the bill and targeting Musk’s government contracts — prompting **SpaceX** to threaten decommissioning of Dragon missions.

🔍 **Market Outlook:** Analysts caution that further downside is possible unless sentiment recovers. Consolidation may follow — but the bull trend hangs in the balance.

📊 Is this a temporary shakeout or the start of something deeper? Keep watching.

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