Trump vs. Musk Feud Sends Shockwaves Through Crypto Markets 🚨

The escalating feud between Donald Trump and Elon Musk is shaking up global markets—and crypto is feeling the heat, #TrumpVsMusk #especially on Binance. Here’s a breakdown of what’s unfolding:

💥 Market Fallout:

1. Bitcoin$BTC Dips Sharply

BTC plummeted to around $100,500, triggering mass liquidations across the market.

2. Over $1 Billion Liquidated

More than 156,000 traders were hit, with Binance among the most affected platforms—although specific figures weren’t disclosed.

3. Tesla Takes a Hit

Tesla stock sank 17%, wiping out a staggering $100 billion in market value.

👥 Main Players:

1. Trump vs. Musk#TrumpVsMusk

The tension stems from a proposed congressional spending bill. Musk openly criticized the bill, while Trump retaliated by threatening to sever federal contracts with Musk's ventures, including SpaceX and Tesla.

2. Investor Sentiment Tanks

This high-profile clash has added a fresh layer of market uncertainty, fueling panic and a rapid sell-off in both stocks and crypto.

📉 Crypto in the Crossfire:

1. Dogecoin (DOGE)#Dogecoin‬⁩

Once again tied to Musk’s influence, DOGE dropped 10% today and is down 22% this week, as reports suggest Musk has stepped back from his informal advisory role.

2. Ethereum $ETH

ETH suffered $260M+ in long liquidations, highlighting the intense volatility triggered by recent headlines.

3. Altcoins Also Bleed$XRP

Solana, XRP, and Binance Coin (BNB) each recorded losses between 4–8%, reflecting the broader bearish sentiment.

🔍 What This Means

The market remains highly reactive to macro-political drama—especially when it involves influential figures like Trump and Musk. Traders should stay alert and manage risk wisely as volatility continues to spike.