The public conflict between U.S. President Donald Trump and entrepreneur Elon Musk caused significant turmoil in the crypto market. According to ForkLog, the price of $BTC fell by nearly 3%, approaching the $100,000 mark. This event occurred against the backdrop of sharp statements from both sides, which intensified uncertainty among investors.
The dispute that erupted after Trump's threats to terminate government contracts with Musk's companies led to a 17% drop in Tesla shares and a $900 million loss in the market capitalization of the meme coin $TRUMP . The cryptocurrency market, which had previously grown due to Trump's promises to make the U.S. a 'crypto capital', faced significant pressure. Analysts note that investors fear the cessation of institutional support for cryptocurrencies due to this conflict.
Bitcoin, which reached an all-time high of $109,241 in January 2025, lost ground due to instability caused by political statements. Experts warn that further escalation could worsen the situation in the market.
This incident highlights the volatility of cryptocurrencies and their dependence on political and media events. Stay tuned for news to keep up with market changes!
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