#TrumpAndMusk
The dispute between Trump and Elon Musk has significantly impacted cryptocurrency prices, with Bitcoin dropping below $100,000 and triggering over $1 billion in liquidations. Ethereum saw $260 million in long position liquidations, while other cryptocurrencies like Solana, XRP, and Binance Coin experienced losses of 4-8%. The feud, centered around a spending bill and personal insults, has introduced uncertainty into the market. Here's a breakdown¹:
- *Bitcoin (BTC)*: Dropped to $100,500, with potential for further volatility
- *Ethereum (ETH)*: $260 million in long position liquidations
- *Other Cryptocurrencies*: 4-8% losses, with $1 billion in total liquidations
- *Market Impact*: Increased uncertainty and potential regulatory repercussions.