#TrumpVsMusk

The cryptocurrency market experienced a busy day.

Bitcoin (BTC)$ , Ethereum (ETH)$ , and Solana $(SOL) faced a significant hit, with Bitcoin's price dropping by 3.1%, now hovering around $101,701. What caused this decline?

Let's start explaining 👇

💥 Liquidation Chain

Overleveraged trades collapsed quickly. Margin calls triggered a wave of forced selling.

⚔️ Trump and Musk Dispute

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

🐋 Whale Selling

The massive sell orders unleashed by whales added fuel to the panic.

📈 Profit-Taking

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

🏦 Job Data Anxiety

All eyes are now on the U.S. jobs report. Any surprise could change the Federal Reserve's stance.

🧮 Implications

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

⚠️ In Summary

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

Do not overextend your account no matter what