#TrumpVsMusk 💥 What Happened Today
A high-profile clash between Donald Trump and Elon Musk caused heightened uncertainty in the markets, leading to a sharp sell-off across major cryptocurrencies .
Nearly $1 billion in leveraged positions were liquidated—about $980 M wiped out from futures, with $874 M from longs .
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📉 Market Impact Snapshot
Dropped ~3% intraday and dipped below $101 K .
#Ethereum (ETH):
Plunged roughly 6% as investors reacted to the fallout .
Meme & Altcoins:
DOGE tanked ~10% in a single day .
Other tokens like $SOL and #XRP’ also dropped 3–4% .
Total Market Cap:
losses dragged total crypto market cap down ~2.3% to around $3.2 trillion .
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⚠️ What Triggered the Turmoil
Trump threatened to pull federal contracts from Musk’s businesses (Tesla, SpaceX, X), escalating tensions .
Musk fired back via X, mocking Trump and fueling uncertainty around tech and policy .
Margin-liquidation cascade intensified the drop—exposed long positions triggered forced selling .
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🔍 Quick Takeaway
This isn’t just politics — it's a market-moving event. The clash has recessed sentiment, triggered liquidation cascades, and reinforced how external drama can shake crypto fundamentals.
Short-term volatility is high. Many see this as a potential buy-the-dip moment, but the drama isn’t over—geopolitical and leverage-driven crashes may continue .
Keep an eye on any policy shifts or private communications between #TrumpVsMusk they could offer clues to the next swing .
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📸 Visual Highlights (No Identifiers)
1. Market-drop graphic showing Bitcoin below $101 K
2. Trump vs Musk showdown headline
3. Market dip & liquidations chart
4. Musk vs Trump fallout alert