Is Elon Musk really responsible for the market drop?
The news of Elon Musk's resignation from his position as a special advisor in U.S. President Donald Trump's administration created a wide echo, but!!!
The impact of this news on the cryptocurrency market is indirect. Elon Musk is considered a significant figure in the world of cryptocurrencies, and his statements or decisions often lead to sharp fluctuations in the market, as previously seen with Bitcoin and Dogecoin. However, in this specific case, there have been no indicators or reports confirming that Musk's resignation from Trump's government was the direct or main reason for the drop in cryptocurrency prices over the past few hours. The current drop is largely attributed to profit-taking after strong rises, investor anticipation for major events in the market, as well as fluctuations in global markets.
