#TrumpVsMusk
The tension between Donald Trump and Elon Musk has shaken the markets, including crypto. The public dispute between the former president and the CEO of Tesla has generated uncertainty, pushing the Cryptocurrency Fear and Greed Index into the "Fear" category.
As a result, Bitcoin exchange-traded funds (ETFs) in the U.S. experienced significant outflows, reversing recent gains. The price of Bitcoin fell, liquidating millions in long positions. Additionally, the meme coin $TRUMP, which had risen with its alliance, also decreased.
In contrast, Ether ETFs continued their positive streak with inflows, showing sustained interest in ETH. Musk's influence and political instability introduce new volatility into an already unpredictable market.