#TrumpVsMusk

The cryptocurrency market has had a busy day.

Bitcoin (BTC) $12,796,804,418 and Ethereum (ETH) $ and Solana (SOL) $ have faced a strong hit,

with Bitcoin's price dropping by 3.1%, now hovering around $101,701. What drove this decline? Let's start explaining 👇

💥 Liquidation chain

Over-leveraged trades collapsed quickly. Margin calls triggered a wave of forced selling.

⚔️ Trump and Musk feud

The public clash between Elon Musk and Donald Trump has raised concerns in the markets. Uncertainty is worrying investors.

🐋 Whale selling

Massive sell orders from whales added fuel to the panic.

📈 Profit-taking

As Bitcoin approaches its all-time high of $112,000, many have realized gains - exacerbating the slide.

🏦 Job data concerns

Eyes are now on the U.S. jobs report. Any surprise could change the Fed's stance.

🧮 Implications

Cryptocurrencies have lost $180 billion in market value - now standing at $3.12 trillion.

⚠️ Bottom line

Declines are possible. The question is: a reset or a warning signal? Stay vigilant.

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