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crypto market right now is basically that friend who keeps stalking their ex on Instagram, today’s rebound after yesterday’s Trump Musk meltdown is pure mixed signals. Bitcoin clawed back to $104,481, up a couple percent, but let’s not pretend this drama is over. The Fear & Greed Index is swinging bullish, but everyone’s side eyeing Elon’s radio silence and Trump’s flopping memecoin.
Bitcoin’s recent rollercoaster is the definition of “it’s complicated.” The coin dipped below $101K during the feud, wiping $124 billion off the market. By Friday, it bounced back like a toxic ex sliding into your DMs at 2 a.m. Analysts are calling it a post liquidations bounce, but let’s be honest nobody’s convinced. Whales are hedging, the Prime Index flipped negative, and the vibe is “brace for another meltdown.” Meanwhile, Ethereum ETFs are flexing a 14-day inflow streak, making altcoins look like the only chill ones at this family reunion.
Trump’s $TRUMP token is hanging on to $10 like a TikTok trend that should’ve died last week. Analysts are predicting a nosedive to $8 by July, but bagholders are still out here yelling “HODL” into the void. Knockoffs like $BARRON and $MELANIA are flopping harder than Trump’s NFT collection. Even a hacked news account pumping fake ETF news couldn’t save it someone lost $26K in minutes. That’s some spicy drama with zero return.
Meanwhile, Dogecoin is down 6% and Elon’s gone full ghost no tweets, no memes, nothing. Remember when a rumored Musk tweet about XRP sent it pumping? That was cap. Now DOGE fans are manifesting an “X Money” app leak like it’s 2021. There are code snippets hinting at Bitcoin integration, but experts are rolling their eyes. If Musk actually launches this, DOGE could moon or crash harder than his Cybertruck window.
The feud fallout is straight up clown shoes. Trump threatened to cancel SpaceX contracts, Musk clapped back by linking Trump to Epstein’s files, and the market went full chaos mode. Bitcoin dropped 4%, Solana and ETH tanked 7%, and Tesla stock plunged 14%. The clash erased $150 billion from Tesla’s valuation, proving even boomer stocks aren’t safe from this circus. Gen Z’s verdict? “They’re both mid let them fight.”
Looking ahead, this weekend is set for more volatility. Rumor has it Trump’s prepping a “USA Coin” for a Fourth of July drop think patriotic grift meets crypto. Musk might troll everyone with a Dogecoin ETF tweet, then delete it for the lulz. The only thing certain?
Buy the dip, meme the drama, and never trust a politician’s memecoin. Trump and Musk turned crypto into their personal Love Island messy, toxic, and impossible to look away from.
Today’s rebound is just a Band Aid on a bullet wound. Buckle up for the weekend chaos.
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