The feud between Donald Trump and Elon Musk has taken a toll on the crypto market. Trump's decision to remove Musk from his platform has led to a 7% drop in the $TRUMP token's value, causing panic among traders and investors ¹.
The rift between the two billionaires reportedly stems from their differing views on crypto regulation. Musk has taken a cautious approach, while Trump is pushing for more aggressive policies. With the 2024 election looming, Trump sees Musk's neutrality as a betrayal and a threat to his own spotlight.
The impact of this feud extends beyond the $TRUMP token, with potential implications for the broader crypto market. As the situation unfolds, investors and traders are bracing themselves for further volatility. Will Musk respond to Trump's actions, and how will the crypto market react? Only time will tell.$BTC
