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Trump Just Dumped His Tesla — And the Musk Feud Is Getting Expensive
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The cryptocurrency market is experiencing a pullback, with the market capitalization dropping 4% to $3.3 trillion amid growing concerns about tariffs and global trade. Bitcoin, in particular, has seen a 3% decline, hovering around $103,477 after testing support slightly above $100,000. *Key Factors Contributing to the Pullback:* - *Recession Fears*: The feud between US President Donald Trump and Elon Musk has triggered concerns about potential tariffs and their impact on global trade, leading to recession fears. - *Profit-Taking*: Bitcoin holders have reached a three-month high in profit-taking activity, contributing to the correction in BTC prices. - *Market Sentiment*: The cryptocurrency market remains lethargic amid uncertainty surrounding US tariffs and recession fears. *Coin-Specific Updates:* - *Bitcoin*: BTC has found support slightly above $100,000 and is attempting to rebound. A break above $105,000 could test higher resistance levels at $110,000 and the all-time high of $111,980. - *Ethereum*: ETH has broken below the 200-day EMA at $2,460 and is attempting to reclaim this dynamic support. A bounce above this level could lead to a rise towards the range's upper ceiling near $2,700. - *Ripple's XRP*: XRP is holding above the 200-day EMA near the $2 psychological support and is attempting to reclaim the lost $2.13 level. *Trading Strategies:* - *Buying the Dip*: Traders can consider buying during pullbacks, but careful analysis is necessary to distinguish between a temporary pullback and a full-blown reversal. - *Scaling In*: Gradually entering positions during pullbacks can help average out entry prices and mitigate risks. - *Risk Management*: Setting stop-loss orders and using limit orders can help protect against further downside risks ¹ ². #MarketPullback #pullback #Market_Update #TrendingTopic $BTC $BNB $XRP
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Trump vs Musk: A Heated Feud Unfolds
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Trump vs Musk: A Timeline of the Feud The alliance between Donald Trump and Elon Musk has publicly dissolved after a cordial farewell turned sour. Here's a breakdown of their feud ¹: The Fallout - *The "Big Beautiful Bill" Disagreement*: Musk criticized Trump's legislative proposal, calling it a "disgusting abomination" that would escalate the federal deficit. Trump responded, saying Musk knew the bill's details but only opposed it after EV incentives were cut. - *Musk's Claim of Influence*: Musk claimed Trump wouldn't have won the 2024 election without his support, contributing over $277 million to Trump's campaign. Trump disputed this, saying he would have won Pennsylvania regardless. Escalating Tensions - *Personal Attacks and Threats*: Trump threatened to terminate government contracts and subsidies for Musk's companies. Musk retaliated by announcing the decommissioning of SpaceX's Dragon spacecraft, potentially impacting NASA collaborations. - *Epstein Files Bombshell*: Musk accused Trump of being mentioned in the Jeffrey Epstein files, a claim Trump hasn't directly addressed. Key Quotes - *Musk on Trump's Bill*: "A bill can be big or beautiful, not both." - *Trump on Musk*: "Elon was 'wearing thin,' I asked him to leave... and he just went CRAZY!" - *Musk on Trump's Tariffs*: "The Trump tariffs will cause a recession in the second half of this year." Aftermath - *Tesla Stock Plunge*: Tesla's stock dropped over 14%, wiping out approximately $152 billion in market value and costing Musk $8.73 billion in personal wealth. - *Future Implications*: The feud could reshape Republican politics ahead of 2026 and beyond, underscoring deepening divisions within the GOP's big-money donor base ² ³. #TrumpVsMusk #TRUMP #Musk #trumpvsmuskfight #TrendingTopic
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Trump ends his relationship with Elon Musk after Musk attacked his tax bill
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