#TrumpVsMusk TrumpVsMusk

The feud between Donald Trump and Elon Musk has sent shockwaves through the cryptocurrency market, particularly Bitcoin. The public exchange of insults between the two influential figures began when Musk criticized Trump's latest tax and spending package as "a disgusting abomination". Trump retaliated by threatening to cancel federal contracts with Musk's companies, including Tesla and SpaceX.

As a result, Bitcoin's price plummeted to $100,500, wiping out over $170 billion in total market capitalization. The cryptocurrency market tanked 6% in the last 24 hours, with major cryptocurrencies like Ethereum, XRP, and Solana experiencing significant losses. The $TRUMP meme coin, which had surged during the peak of their alliance, slid 10%.