$SOL Trump vs Musk โ€” Impact on Crypto Market

๐Ÿง  What Happened:

- Elon Musk criticized Donald Trumpโ€™s spending bill, calling it โ€œdisgusting,โ€ and hinted at creating a new political party โ€œAmerica Party.โ€

- Trump responded by threatening to cut off Muskโ€™s government contracts and calling him โ€œcrazy.โ€

๐Ÿ“‰ Market Ripples:

- Tesla stock fell by ~7โ€“8%.

- Bitcoin dropped 4%, Ethereum 7%, Dogecoin 10%.

- Over $86 million in crypto positions liquidated in 24 hours.

๐Ÿ“Š Why Crypto Reacted:

- Political tension increased market uncertainty.

- High-profile influencer conflict fuels volatility.

- Emotional reactions dominate short-term crypto behavior.

๐Ÿ” What to Watch:

- Bitcoin rebounded above $100K after initial drop.

- More political tension could trigger additional volatility.

- Institutional investors may react to government instability.