$BTC Trump vs. Musk: Crypto Market Reacts to Their Feud
Hey everyone,
The crypto world is buzzing after a public fallout between former President Donald Trump and Tesla CEO Elon Musk. The clash began when Musk criticized Trump's proposed tax bill, calling it a "disgusting abomination" . Trump retaliated by threatening to cut government contracts with Musk's companies, leading to a sharp decline in Tesla's stock price .
This feud has had a ripple effect on the cryptocurrency market. Dogecoin, a coin Musk has long supported, dropped 12% over the past week, trading at approximately $0.18 . Additionally, Bitcoin slipped below $101,000, and Ethereum fell by 6% .
In response to the tension, Trump Media and Technology Group filed for a Bitcoin ETF, aiming to provide investors with exposure to Bitcoin without directly owning it . Meanwhile, Musk hinted at creating a new political party, which could further influence the political landscape .
As the situation develops, both political and financial markets are on edge. Investors and observers alike are keeping a close eye on how this high-profile dispute will unfold and impact the broader economic environment.
Stay tuned for more updates.
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$DOGE
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