#TrumpVsMusk Important update:๐ฅCrypto Markets Crash as Trump-Musk Feud Ignites!
๐จ Total crypto market cap dropped $170B to $3.26T on June 5, the lowest since May 8, with a slight recovery to $3.3T in Asian trading. Bitcoin fell $5K to just below $101K but stabilized at $102.8K. Nearly $1B in liquidations hit 228K traders, 90% on BTC longs.
๐ฅ The chaos? A bitter spat between President Trump and Elon Musk! Musk slammed Trumpโs tariffs, warning of a recession, and trashed the โOne Big Beautiful Bill,โ even hinting at Trumpโs Epstein file ties. Trump fired back, defending the bill as โone of the greatest.โ Muskโs SpaceX threatened to decommission Dragon spacecraft after contract threats.
๐ค Analysts say more consolidation is likely unless the sell-off worsens. Is this the end of the bull run? Stay tuned! $DOGE