#TrumpVsMusk TrumpVsMusk

🎉The feud between Donald Trump and Elon Musk has significantly impacted the crypto market, particularly on Binance. Here's what's happening:

🎉Market Impact:🎉

1. Bitcoin Price Drop:

Bitcoin's price fell to approximately $100,500, leading to widespread liquidations.

2. Crypto Liquidations:

Over $1 billion in liquidations occurred, with more than 156,000 traders affected. Binance saw significant liquidations, although exact figures aren't specified for the exchange.

3. Tesla Stock Plummet:

Tesla's stock dropped around 17%, wiping out about $100 billion in market value.

🎉Key Players:🎉

1. Trump-Musk Feud:

The public disagreement between Trump and Musk centered around a proposed congressional spending bill, with Musk criticizing the bill and Trump threatening to cut federal contracts with Musk's companies.

2. Market Sentiment:

The feud has introduced additional uncertainty into the market, contributing to investor unease and a sharp downturn in crypto markets.

🎉Other Affected Assets:🎉

1. Dogecoin (DOGE):

DOGE plummeted 10% and 22% for the week, largely due to Musk's apparent departure from his DOGE advisory role.

2. Ethereum (ETH):

Ethereum saw over $260 million in long position liquidations, reflecting heightened volatility.

3. Other Cryptocurrencies:

Solana, XRP, and Binance Coin also faced losses ranging from 4% to 8% .