#TrumpVsMusk

Collapse of the cryptocurrency market: liquidations exceeding one billion dollars following the escalation of the dispute between Musk and Trump.

The intensity of the debate between Elon Musk and U.S. President Donald Trump has escalated after Musk criticized the government spending bill supported by Trump, describing it as a disgusting violation that increases the financial deficit. Trump responded by threatening to cut government contracts and support for Musk's companies like Tesla and SpaceX, prompting Musk to announce a temporary halt to the Dragon spacecraft before later retracting.

Immediate market effects:

- Bitcoin: Its price dropped 4% to reach $100,500, with liquidations amounting to $342 million for long positions (expected to rise).

- Ethereum: Led the collapse of alternative currencies with a 7% loss, reaching a price of $2,400, with $260 million liquidated in futures contracts.

- Other currencies:

- Dogecoin: Dropped 8% due to its previous association with Musk's tweets.