🟠 Trump vs. Musk: Public Feud Echoes in Crypto Markets
A public clash between Donald Trump and Elon Musk has shaken financial markets — including crypto.
📌 What’s Happening:
Trump criticized Musk’s stance on the "One Big Beautiful Bill" and threatened to revoke government contracts.
Musk responded with personal accusations and later hinted at political moves—like forming a new party .
📉 Market Repercussions:
Tesla lost around 14% of its stock value (~$150 billion market cap wiped) .
Dogecoin dropped about 12%, reflecting investor unease .
Bitcoin fell under $101K, liquidating nearly $308 million in long positions .
Over $952 million worth of crypto positions were liquidated in the fallout .
🧠 What This Shows: This incident demonstrates how high-profile political disputes can ripple through crypto — triggering volatility that goes beyond purely technical factors.
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What’s Your Take?
Is this just short-term noise or a signal that crypto investors should more closely watch political events?
👇 Drop your thoughts and let’s discuss.
#CryptoNews #TrumpVsMusk #MarketVolatility #Bitcoin #Dogecoin