$BTC

The ongoing feud between Donald Trump and Elon Musk has significantly influenced the cryptocurrency and stock markets. Notably, Bitcoin's price dropped to around $100,500, triggering over $1 billion in liquidations and impacting more than 156,000 traders, primarily on Binance. Tesla's stock also declined by approximately 17%, erasing roughly $100 billion in market value. The discord stems from a disagreement over a congressional spending bill, with Musk criticizing the legislation and Trump threatening to revoke federal contracts with Musk's companies, fueling market uncertainty.

This tension has adversely affected digital assets, with Dogecoin (DOGE) falling by 10% daily and 22% weekly amid Musk’s reduced involvement. Ethereum experienced over $260 million in long position liquidations, while Solana, XRP, and Binance Coin declined between 4% and 8%. Overall, the feud has amplified market volatility, intensifying investor apprehension across crypto and traditional assets.