#TrumpVsMusk
Here is the complete article analyzing Trump vs Musk, specifically for Binance Square:
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🔥 Background of the Conflict
The initial harmonious dialogue between Donald Trump and Elon Musk has now turned heated as Musk criticizes the "Big Beautiful Bill" — a large spending bill sponsored by Trump that is being processed by the Senate at the end of June 2025. Musk called it "insane and destructive", even threatening to form a new party as opposition .
Trump responded on Truth Social and in the media, threatening to:
• Withdraw federal subsidies from Musk/Tesla/SpaceX,
• Order the "Department of Government Efficiency" (DOGE) to investigate Musk,
• Even mention the option of "deportation" despite Musk being a naturalized US citizen — clearly just sharp rhetoric  .
Immediate Market Impact
• Tesla shares dropped between 5–7% in the two days following the emergence of this crisis, wiping out around US$ tens of billions in market value ().
• Musk lost more than US$120 billion in net worth in one day according to Norwegian reports, with many highlighting the vulnerability of TSLA shares .
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📉 Impact on the Crypto Market: DOGE, $TRUMP & Bitcoin
1. Dogecoin (DOGE)
• DOGE, the meme currency associated with Musk, fell ~4% in 24 hours .
• High volatility, due to the direct link between Musk and DOGE to investor sentiment.
2. $TRUMP Coin (meme from Trump)
• $TRUMP also plummeted sharply ~9-10% in the same period .
3. Bitcoin & major altcoins
• Bitcoin dropped 1-4% in 24 hours after tensions escalated; trading between US$105,000–107,000  .
• Altcoins like ETH, XRP, SOL also corrected ~3-4% ().
📊 Conclusion: This crisis has caused uncertainty in the crypto market — particularly for the memecoins related to both figures. Bitcoin has also been affected due to worsening market sentiment.
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Market Shock Engineering?
• Although there is no evidence they intentionally wanted to create market chaos, such open public rhetoric has the potential to trigger sharp fluctuations and create speculative opportunities. Given the roles of both, it could be exploited by market participants.
