#BigTechStablecoin #TrumpVsMusk

🔥Cryptocurrency markets collapsed due to the conflict between Trump and Musk!

🚨 The total market capitalization of the cryptocurrency market decreased by $170B to $3.26T on June 5, the lowest since May 8, with a slight recovery to $3.3T during Asian trading. Bitcoin fell by $5K to just below $101K but stabilized at $102.8K. Nearly $1B in liquidations affected 228K traders, 90% of whom were on long positions in BTC.

💥 Chaos? A bitter dispute between President Trump and Elon Musk! Musk criticized Trump's tariffs, warning of a recession, and spoke disdainfully about the "One Great Beautiful Law," even hinting at Trump's connections to the Epstein file. Trump responded by defending the law as "one of the best." Musk's SpaceX threatened to decommission the Dragon spacecraft after threats regarding the contract.

🤔 Analysts say further consolidation is likely if the sell-off does not worsen. Is this the end of the bull market? Stay with us!