#TrumpVsMusk

The cryptocurrency market has crashed due to the conflict between Trump and Musk!

🚨 On June 5, the cryptocurrency market capitalization fell by $170 billion, reaching $3.26 trillion — the lowest since May 8. During the Asian session, the market partially recovered to $3.3 trillion.

Bitcoin dropped by $5K — to ~$101K, but later stabilized around $102.8K.

Liquidations reached almost $1 billion, affecting 228K traders — 90% of whom held long positions in BTC.

💥 The reason — a sharp conflict between Donald Trump and Elon Musk.

Musk criticized Trump's new tariffs and hinted at connections with Epstein. He also mocked the “One Big Beautiful Law,” calling it harmful. In response, Trump defended the law, and SpaceX threatened to halt Dragon missions due to political pressure.

📉 Analysts warn: if the pressure does not subside, we face further consolidation.

Is this the end of the bull market? Time will tell.