💼 Elon Trump War Sparks Crypto Market Crash and Tesla Stock Plunge 💼
💰 Crypto Market Plunges as Elon Trump War Shakes Investor Confidence💰
🔍 The crypto market and Tesla stock both saw major drops after a public feud between Elon Musk and Donald Trump sparked panic. it led to over $1 billion in crypto liquidations. Tesla stock price is down by 14.26% within a day, it lost $153 billion in market value. The market cap of the crypto market is down by 2.95% currently stands at $3.21Trillion, increasing trading volume by almost 40%. All the prominent currencies like Bitcoin, Ethereum, and other Altcoins have experienced decrease.
Rising Political Tensions Between Musk and Trump #BinanceAlphaAlert
🔍 A heated public fight between Elon and the U.S. President has caused panic in global markets. The drama started on June 5, when Musk posted on X (formerly Twitter) that Trump’s plan to impose worldwide tariffs would “cause a recession in the second half of this year.” He also stepped down from the Department of Government Efficiency ($DOGE ).
🤑 Elon is blaming Trump’s new spending bill, called the “Big Beautiful Bill”, for worsening the national debt, which has now reached $36.9 trillion. Musk repeated his warning: “Real growth comes from making useful things, not printing money.”
Trump Hits Back, Musk Escalates #Binance
💸 In response, Trump posted that the easiest way to save billions of dollars would be by cutting Elon Musk’s federal subsidies and contracts. That statement caused further market panic.#TrumpTariffs
💸 Musk didn’t stay silent. He hit back by announcing that SpaceX would start decommissioning its Dragon spacecraft. Then he went even further, accusing Trump of links to the Jeffrey Epstein files and publicly supporting calls for Trump’s impeachment. #crypto
$TRUMP $PEPE