A recent public spat between Elon Musk and Donald Trump sent shockwaves through the crypto market. The clash began when Musk criticized Trumpās proposed economic policiesāparticularly tariffsāwarning they could lead to a potential U.S. recession. This sparked panic in the market, triggering a sharp sell-off.
š Market Impact:
Bitcoin ($BTC ) dropped by nearly 4%
Ethereum ($ETH ) and Dogecoin ($DOGE) followed with notable declines
Musk later admitted his remarks may have gone "too far" and issued a public apology. Trump accepted the gesture, and tensions cooled. This brief truce led to a slight rebound in Dogecoin and Ethereum prices, showing just how quickly sentiment can shift.
š½ļø Meanwhile, Trump reportedly held a private dinner with top $TRUMP meme-coin holders, raising eyebrows and ethical questions around potential political influence in crypto markets.
š Musk also reaffirmed that both Tesla and SpaceX continue to hold substantial Bitcoin and Dogecoin reserves, underscoring their long-term commitment to crypto.
š§ Key Takeaway: This episode highlights how public disputes between influential figures can move marketsāturning tweets into million-dollar waves. In the fast-moving world of crypto, sentiment is everything.
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