Crypto Market Meltdown: Bitcoin Spikes as Trump-Elon Chaos Hits The Market, Is A Bigger Crash Coming?
With the crypto market in a meltdown, Bitcoin (BTC) is seeing a dramatic spike in volatile price movements ignited by a public feud between US President Donald Trump and Tesla CEO Elon Musk, even as FloppyPepe (FPPE) emerges as a key focus for investors. The volatility has pulled focus away from traditional assets and cast fresh doubt on Bitcoin’s (BTC) near-term stability, sparking fears of a wider market crash.
According to Coinglass, over $967 million in crypto market liquidations have occurred, confirming that bullish traders were caught off guard. The sheer scale of the chaos underscores the crypto market’s volatile nature and its reaction to macro headlines, particularly those stirred by Donald Trump or Elon Musk.
Trump vs Musk: The Feud Behind the Bitcoin (BTC) Plunge
Donald Trump and Elon Musk have turned the crypto market into their battlefield, igniting a wave of panic selling across Bitcoin (BTC) and altcoins. Their explosive exchange sent Bitcoin (BTC) plummeting, shedding nearly 3% and pushing it to retest the crucial $100,000 threshold once more.
This political clash has pulled the entire crypto market into chaos. Data shows long liquidations for Bitcoin (BTC) totaled over $345 million, fueling analyst speculation regarding the potential for a bigger crash. With Donald Trump and Elon Musk commanding so much public attention, the fallout continues to weigh on sentiment and market direction.
Hong Kong to Open the Door for Regulated $BTC & $ETH Perpetual Futures!
Massive news from Asia’s rising crypto hub — Hong Kong’s Treasury Director Paul Chan just confirmed that the SFC (Securities & Futures Commission) is actively reviewing a framework to allow professional investors to trade Bitcoin (BTC) and Ethereum (ETH) perpetual futures.
👉 BTC & ETH perps could soon go fully REGULATED in Hong Kong
👉 Targeted at institutional & professional investors — serious money inbound
👉 Part of HK’s broader push to lead regulated virtual asset markets globally
South Korea President Lee is taking the necessary steps to reform #Bitcoin and crypto laws, signaling a major shift in the digital assets industry. #SouthKorea #Btc $BTC
Elon Musk Criticized by VP JD Vance Over Trump Feud
Elon Musk’s ongoing conflict with President Trump drew criticism from Vice President JD Vance during a podcast interview. He described Musk’s actions as a “huge mistake,” urging the influential entrepreneur to reconcile.
The dispute between Elon Musk and President Trump has raised questions about the potential impact on political alliances and economic interests.
In a podcast appearance, Vice President JD Vance criticized Elon Musk for his public comments against President Trump, calling the move a “huge mistake.” The VP expressed hope for reconciliation.
The feud highlights tensions between private business leaders and government officials. JD Vance remarked on Elon Musk’s significant influence, urging him to reconsider his stance (JD Vance comments).
Financial and policy circles are closely watching the conflict. Impacts on personal interactions and institutional decisions remain uncertain as both sides navigate their differences.
Potential outcomes could influence regulatory stances on technology. The dispute may affect market dynamics, reflecting historical tensions between tech innovators and political leaders.
Metaplanet, under CEO Simon Gerovich, has increased its 2026 Bitcoin target to strengthen its treasury approach, while James Wynn experienced a significant $25 million Bitcoin loss.
The focus on Bitcoin reflects Metaplanet's strategic response to economic volatility, supported by Bitcoin's known qualities. Wynn's loss serves as a cautionary tale in cryptocurrency risks.
Metaplanet Strategically Raises Bitcoin Goal for 2026
Metaplanet's strategic pivot aims to maximize Bitcoin's potential as a superior store of value. CEO Simon Gerovich attributes this move to the unique characteristics of Bitcoin, including scarcity and independence from traditional financial systems.
Simon Gerovich, leading Metaplanet, advocates for Bitcoin amid macroeconomic changes. The updated target highlights an aggressive corporate strategy to capitalize on Bitcoin's stability compared to conventional assets. As Gerovich put it, "Bitcoin’s unique characteristics—scarcity, ease of custody, and independence from credit intermediaries—make it a vital hedge against the instability of traditional 'safe assets.'"
Industry Responds to Metaplanet's Bitcoin Focus
Metaplanet's decision aligns with broader industry trends favoring cryptocurrency as a financial hedge. Meanwhile, James Wynn's $25 million Bitcoin loss underscores the volatility and risk associated with digital assets.
Wynn's financial setback may drive regulatory efforts to secure investments. Metaplanet’s Bitcoin focus could inspire similar moves by companies seeking stability amid market fluctuations, leveraging Bitcoin’s historical value growth.
One of the most effective high-win strategies is to trade in the direction of the trend but wait for price action reversal signals at key levels.
Step 1: Identify the Trend
Always trade with the trend. Use simple tools like trendlines or moving averages (200 EMA for long-term trend or 50 EMA for short-term) to define the direction.
Uptrend = Higher highs, higher lows.
Downtrend = Lower highs, lower lows.
Step 2: Look for Key Levels (Support & Resistance)
Support in an uptrend and resistance in a downtrend are areas where price is likely to reverse or consolidate.
Draw horizontal support/resistance lines or demand/supply zones.
Step 3: Wait for Reversal Signals at Key Levels
Once you’ve identified a level, wait for price action signals like:
Pin Bars: A bullish pin bar at support in an uptrend signals a possible continuation.
Engulfing Candles: A bullish engulfing pattern at support indicates a high-probability buy in an uptrend.
Inside Bars: A consolidation pattern that often precedes a breakout or reversal. Look for breakouts in the direction of the trend.
Step 4: Entry Confirmation
Candlestick Patterns: Look for reversal patterns like Pin Bars, Engulfing Candles, or Inside Bars. These patterns offer the strongest confirmation.
Trend Continuation: If price forms a retracement to a previous support/resistance zone and creates a valid reversal pattern (e.g., pin bar), consider entering a trade.
Step 5: Stop Loss Placement
Stop Loss at Recent Swing Low/High: Place your stop just beyond the most recent swing low (in an uptrend) or swing high (in a downtrend). For example, if you're entering after a bullish engulfing, place the stop just below the low of the engulfing candle.
Step 6: Take Profit (Target)
Risk/Reward Ratio: Aim for a minimum of 2:1 risk/reward ratio. This means that for every 1 unit of risk, you aim for 2 units of reward.
Key Levels: Target the next significant support/resistance level for your take profit point.
The UK's Financial Conduct Authority announced the lifting of the national ban on Bitcoin and crypto ETFs, granting retail investors access through regulated exchanges.
The decision aligns the UK with US and EU crypto markets, facilitating broader investor participation and addressing regulatory consistency concerns.
FCA's Regulatory Shift
UK's Financial Conduct Authority (FCA) announced a pivotal regulatory change, lifting the ban on crypto ETNs. This significant shift, addressed in latest financial insights from MoneyWeek, permits retail investors to engage with these products, previously restricted since January 2021. The decision addresses market criticism and aligns UK regulations with international standards.
The move involves David Geale, FCA's Executive Director, highlighting their commitment to supporting the crypto industry's growth. Geale commented, "This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK's crypto industry. We want to rebalance our approach to risk, and lifting the ban would allow people to make the choice on whether such a high-risk investment is right for them, given they could lose all their money"
Increased Market Access
The announcement marks a shift in UK's crypto accessibility. Retail investors can now access regulated crypto products, potentially boosting market liquidity. This development is expected to increase Bitcoin and Ethereum trading volumes significantly.
The FCA’s decision is anticipated to facilitate institutional and retail market involvement. Analysts foresee increased capital flow into the sector, mirroring developments in the US and EU, where similar products have gained traction post-regulatory approval.
In a dramatic turn of events on June 6-7, the cryptocurrency market saw substantial liquidations with Bitcoin, Ethereum, Solana, XRP, and Dogecoin facing a collective $384 million liquidation.
Heightened volatility underscores the risks associated with leveraged cryptocurrency positions, affecting major assets like Bitcoin and Ethereum.
The liquidation wave wiped out nearly $1 billion in leveraged positions, making it the largest such event since February. Long positions were primarily liquidated, indicating overambitious bullish sentiment. Furthermore, Elon Musk's public exchange triggered market instability, leading to extensive losses.
Bitcoin's market price dropped by 7%, while Ethereum fell nearly 12%. Solana, XRP, and Dogecoin also saw significant declines. On-chain metrics suggest traders swiftly exited positions, impacting liquidity. Institutional actors haven't announced any immediate remedial actions following this event.
The lack of immediate intervention from prominent figures and institutions left the community and investors without guidance. Historical precedents indicate that such liquidation events are cyclical, typically affecting heavily leveraged positions. This cascade highlights persistent vulnerabilities in the crypto market structure.
Industry experts emphasize the importance of cautious leverage use. Insights draw parallels with the past, where aggressive market positions led to similar upheavals. The event highlights ongoing challenges and the need for improved risk management strategies within the cryptocurrency sector.
Metaplanet Launches $5.4B Bitcoin Equity Raise, Eyes 1% of All BTC
Metaplanet has announced a ¥770.9 billion ($5.4 billion) equity raise dedicated exclusively to acquiring Bitcoin. The company plans to issue 555 million new shares through moving strike warrants, marking the largest issuance of stock acquisition rights in Japan’s capital markets history.
It is important to note that the warrants were issued at a higher price than the current market value, which has not been seen before in the country.
The company is committed to reaching this level by the end of 2027, as outlined in its wider Accelerated 2025–2027 Bitcoin Plan. The figure represents approximately 1% of Bitcoin’s fixed total supply, positioning Metaplanet to become the second-largest public holder of Bitcoin globally after MicroStrategy.
The raise will take place using movable strike warrants, which are tied to how the underlying asset moves to reduce price changes. By offering warrants at a price that exceeds the market, the firm tries to attract bigger and more long-term investors who support its Bitcoin-focused plans.
Metaplanet collected ¥93.3 billion (~$650 million) in its “21 Million Plan” by offering 210 million shares to investors. With the added issuance, it becomes evident that the corporation is moving further into digital assets. The raised capital will only be invested in buying Bitcoin, promoting the company’s strategy of adding assets.
Currently, Metaplanet has collected 8,888 BTC, which is very close to its aim of 10,000 BTC this year. Its expansion came from funding supported by unsecured bonds and the help from partners such as Evo Fund.
The firm owns more than $976 million in Bitcoin and has earned more than 225% so far this year. The company’s stock has increased by 285% this year, which demonstrates that investors are proud of its digital asset focus. The move has given Metaplanet an even stronger position as Asia’s leading corporate owner of Bitcoin.
$WCT WalletConnect Expands Ecosystem with New Integrations
WalletConnect announced an expansion of its ecosystem by integrating the Sui network and facilitating token transferability, significantly enhancing its DeFi accessibility.
This expansion underscores $WCT WalletConnect's commitment to decentralization and increasing institutional involvement, building on recent governance advancements and protocol updates.
WalletConnect integrated the Sui network, marking a significant milestone. This integration aims to expand access to DeFi applications and improve institutional adoption. WalletConnect is driving new initiatives in protocol governance.
The WalletConnect Foundation, known for fostering community governance, played a pivotal role in these advancements. By enabling WalletConnect Token (WCT) transferability, they aim to increase user participation and enhance liquidity and governance. These efforts reflect ongoing decentralization and user engagement. #wct
Trump-Musk Feud Triggers DJT and Tesla Stock Drops
Trump-Musk Clash Leads to Tesla's 14% Stock Decline
The public dispute between Donald Trump and Elon Musk led to a sharp 14% drop in Tesla's stock value. This downturn coincided with a 10% decline in Trump Media's shares following a major Bitcoin investment announcement.
Key figures involved include Donald J. Trump and Devin Nunes from Trump Media & Technology Group, and Elon Musk from Tesla. Trump Media's $2.5 billion Bitcoin allocation was pivotal to the financial upheaval.
Trump's Subsidy Comments Rattle Financial Markets
The stock market reacted swiftly to Trump's statements about cutting government subsidies for Musk's companies. This downturn reflects how political figures' comments can influence market dynamics, causing investor concern. $DOGE $TRUMP $MEME
Whale Makes Waves with $1.7M $PEPE Buy: Meme Coin Mania Escalates
The meme coin madness isn’t over—and one crypto whale just proved it with a massive $1.7 million bet on $PEPE.
In a move that set social media and on-chain analysts buzzing, a whale splashed 700 ETH in under an hour to scoop up 154.29 billion PEPE tokens, according to Spot On Chain. The transaction, captured in real time, is the latest in a string of aggressive buys by this wallet, which now holds 1.38 trillion $PEPE, valued at a jaw-dropping $15.26 million.
Even more impressive? This investor is up nearly $12 million in profit—a 196% gain. That kind of return isn’t just rare—it’s legendary, even in the rollercoaster world of meme coins.
TRUMP Leads Meme Coin Market Slump With 10% Plunge
As Trump and Musk slugged it out on social media, the Official Trump (TRUMP) meme coin plunged 10% in the last 24 hours to make it the biggest loser among the top 20 meme coins.
Meme coin giants Dogecoin (DOGE) and Shiba Inu (SHIB) were unable to buck the bearish trend, with Elon Musk favorite DOGE slumping more than 6% and SHIB shedding over 3%.
The overall meme coin market shed 5% of its market capitalization during the same period.