$DOGE The crypto market is experiencing a downturn due to several factors, and it seems Trump and Elon Musk are indirectly contributing to the volatility. Here are some key reasons:

- El Salvador's IMF Loan Deal: El Salvador's decision to amend its Bitcoin policy as part of a $1.4 billion loan deal with the International Monetary Fund (IMF) has sparked concern among experts, contributing to market uncertainty.

- Bitcoin ETFs Net Outflow: The US Bitcoin ETFs have experienced their largest net outflow, with $680 million withdrawn, indicating a decline in investor confidence.

- Federal Reserve's Interest Rate Cut: The Federal Reserve's 25 basis points interest rate cut has led to a less restrictive economic policy, but also cast doubt on the feasibility of a US Bitcoin strategic reserve.

- US Government Shutdown: The looming US government shutdown, partly due to President-elect Donald Trump and Elon Musk's involvement, has added to the market's uncertainty.

- Elon Musk's Involvement: Elon Musk's deep involvement in the crypto space, including his leadership of the Department of Government Efficiency (DOGE), has sparked controversy and contributed to market volatility.

These factors have culminated in a perfect storm, leading to the current crypto market downturn. However, it's essential to remember that the crypto market is known for its volatility, and prices can fluctuate rapidly.