#TrumpVsMusk

🔥 #TrumpVsMusk ⚡

The Trump-Musk feud erupted in June 2025, shaking the crypto world! Here’s why they clashed and the fallout on crypto:

💥 Causes of the Fight:

Budget Bill Clash: Musk slammed Trump’s “Big Beautiful Bill” as a “disgusting abomination,” citing $2.4T debt increase. Trump hit back, accusing Musk of opposing it over cut EV subsidies.

Personal Barbs: Trump threatened to axe Musk’s contracts (SpaceX, Tesla). Musk claimed Trump’s in Epstein files and said he’d have lost 2024 without Musk’s $300M support.

Tariffs: Musk warned Trump’s tariffs would spark a recession, impacting crypto markets.

📉 Crypto World Fallout:

Market Dip: Crypto market fell 2.3% to $3.21T, with $980M in liquidations. BTC dropped below $101K, ETH down 6%, DOGE crashed 9%.

$TRUMP Coin: Trump’s meme coin lost $100M in value amid the feud.

Investor Jitters: The spat fueled uncertainty, denting confidence in crypto-friendly policies Trump championed (e.g., Bitcoin reserve, light regulation).

Stablecoin Impact: Circle’s USDC (used in $USDC/$BNB pairs) faces scrutiny as the GENIUS Act, a stablecoin bill, risks stalling in the Senate, potentially curbing DeFi growth.

💡 Inspo: Secure your $USDC/$BNB trades with hardware wallets & 2FA amidst market volatility! Stay sharp—big players fighting means big opportunities!

What’s your take on this crypto chaos? 🧠 #CryptoVibes #StaySafeUI