🗞️ Crypto vs. Politics: Trump vs. Musk, 10% EU Tariffs & Bitcoin Calm — What’s Going On?
📌 Key Events:
— 🗯️ Trump lashes out at Elon Musk after Musk criticized a new tax bill — hints at cutting Tesla/SpaceX subsidies
— 🚫 Trump’s former aide suggests deporting Musk and even seizing SpaceX assets over the criticism
— 📦 EU agrees to 10% tariffs as part of a potential deal with the U.S. — talks continue until July 9
📉 How is the crypto market reacting?
— BTC holds above $107,000 — market shrugs off the political drama
— Investors see Bitcoin as a digital “safe haven” amid geopolitical noise
— Potential risks to Musk’s companies could trigger volatility
📊 How the crypto market reacts to recent events:
Amid the conflict between Trump and Musk, the market remains calm — Bitcoin is holding steady, with investors largely ignoring the political drama.
However, the threat of Musk’s deportation could trigger panic, especially in the memecoin space, potentially causing sharp spikes in DOGE or TESLA-related tokens.
As for the agreed 10% tariffs between the EU and the US, investors may seek safety in stablecoins like USDC or turn to Bitcoin as a “capital shield” during this period of trade tension.
🧠 Takeaways:
— Crypto is increasingly sensitive to global politics
— BTC is no longer just an asset — it’s a barometer of global trust
— In times of uncertainty, stablecoins and anchor tokens stand to benefit
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💬 Your thoughts:
🔘 Could political tensions around Musk impact the crypto market?
🔘 Will BTC become the ultimate safe haven this summer?