#TrumpVsMusk đ Crypto Markets Reel as Feud Triggers $1B Liquidation Bloodbath đ
The explosive clash between Trump and Musk over the "Big Beautiful Bill" has sent shockwaves through crypto:
- BTC/USDT plunged 4% to $100,500, liquidating $308M in long positions.
- ETH/USDT crashed 6.6%, wiping out $260M in leveraged bets.
- DOGE/USDT (Muskâs favorite) nosedived 22% weekly after Musk abandoned his symbolic "DOGE" government role.Â
đĽÂ Why It Matters:
1ď¸âŁÂ Macro Uncertainty: Musk warned Trumpâs tariffs could cause a 2025 recession, spooking traders.
2ď¸âŁÂ Institutional Retreat: Coinbase Prime Index flipped bearish, signaling whale exits.
3ď¸âŁÂ Political Risk: Trump threatened to cut $Billions in Musk subsidies, rattling tech-linked assets.
đĄÂ Silver Lining? Some analysts argue Bitcoinâs censorship-resistant nature could benefit long-term.
â ď¸Â Next Watch: Can BTC reclaim $105K support amid the feudâs fallout?
Did You Know? This feud erased $151B from Teslaâs market cap in a single dayÂ
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