#TrumpVsMusk

Musk and Trump argued over the potential effects of the “Big, Beautiful Bill” on the U. S. national debt. Trump accused Musk of going “crazy” and threatened to end government contracts with all of Musk's companies.

Cryptocurrency Market Update

- Cryptocurrencies fell late in the U. S. session on Thursday

- Tensions between President Trump and Elon Musk increased

Bitcoin Performance

- Bitcoin is down 4%

- Bitcoin price is below $101,000

CoinDesk 20 Index

- CoinDesk 20 index is down nearly 5%

- Notable losses in SOL and SUI

Crypto Stocks

- Crypto stocks like Coinbase closed in the red

- Miners also experienced losses.

World's Richest Man Commentary

- Mention of Trump being implicated in Jeffrey Epstein files

- Statement about SpaceX decommissioning its Dragon aircraft

- Agreement with a post calling for Trump's impeachment and replacement by Vice President J. D. Vance

Market Reaction

- Tesla (TSLA) stock fell more than 14% on Thursday