#TrumpVsMusk

The current conflict between Elon Musk and Donald Trump is negatively impacting the cryptocurrency market. In particular, Dogecoin, the cryptocurrency backed by Musk, has experienced a significant decline of 12% in the last week, including a decrease of 6% in the last 24 hours, settling around $0.18. This drop coincides with Musk's resignation from his position as a special government employee and his criticisms of the Republican tax bill, which has further strained his relationship with Trump.

On the other hand, Trump has launched his own cryptocurrency, the $TRUMP, which has generated controversy due to potential conflicts of interest and ethical concerns. Additionally, the Trump administration is promoting the deregulation of the cryptocurrency industry, which could increase uncertainty in the market.

Together, these events are contributing to greater volatility in the cryptocurrency market, affecting both individual investments and the public perception of these technologies.