Yes, the public feud between Donald Trump and Elon Musk is already affecting the cryptocurrency market, especially Dogecoin, which is often associated with Musk.

📉 Drop in Dogecoin and the market

Following Musk's criticism of a Republican tax reform project supported by Trump, Dogecoin experienced a 6% drop in 24 hours and 12% over the week, trading at around US$359,303,019,020.18. Additionally, Bitcoin fell to less than US$359,303,019,021,01.000, and Ethereum recorded a 6% loss, reflecting a widespread decline in the cryptocurrency market. businessinsider.com economictimes.indiatimes.com

💥 Impact on related stocks and assets

The dispute has also affected stocks related to both. Tesla's shares fell 15%, while those of Trump Media & Technology Group, the parent company of Truth Social, dropped 8%. Furthermore, the $TRUMP token lost 12% of its value. portaldobitcoin.uol.com.br +3 en.wikipedia.org +3 marketwatch.com +3

🚀 Unexpected reactions

Interestingly, Trump-inspired tokens, such as MAGA and TRUMPCOIN, saw significant increases after interactions between Trump and Musk, even without direct mentions of cryptocurrencies. portaldobitcoin.uol.com.br +1 criptofacil.com +1

🔮 Future prospects

Although the feud has caused volatility, it also highlights the influence of Trump and Musk in the cryptocurrency market. Investors should closely monitor the unfolding of this situation, as it may continue to impact the market.

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