#TrumpVsMusk "Market Shakeup: Trump vs. Musk Sends Crypto Tumbling! 🚨💥
The ongoing feud between Donald Trump and Elon Musk has sent shockwaves through the crypto market, with Bitcoin (BTC) dropping to $101,095 on Friday. The broader crypto market followed suit, shedding 4% of its valuation in just 24 hours.
*Key Market Movers:*
- *Bitcoin (BTC)*: Down to $101,095, with over $305 million in long positions liquidated in a single day
- *Dogecoin (DOGE)*: Showing signs of a rebound, surging 3% to $0.1763, with potential resistance at $0.1946 and $0.2039
- *Shiba Inu (SHIB)*: Up 3% to $0.00001238, with a key bullish divergence forming between May 31 and June 5
*Market Sentiment:*
The Musk-Trump spat has led to a shift toward bearish sentiment, with the long/short ratio dropping to 0.91. However, some analysts predict potential surges in Bitcoin's price, citing growing institutional interest and adoption.
*What to Watch:*
- Trump's announcement on the new Federal Reserve Chair
- ETF issuers' push for the SEC to reinstate the 'first come, first served' principle
- Ongoing developments in the crypto space, including potential security flaws and market volatility
Stay informed and adapt to the changing market landscape. Keep an eye on these key developments and adjust your strategies accordingly.
TC $DOGE $DOGE $SHIB #TrumpVsMusk #MarketPullback #CryptoNews" ¹
