$BTC

Market Crash: Elon Musk's Departure from Doge Triggers Cryptocurrency Collapse

The cryptocurrency market saw a significant decline today, as all markets sharply dropped following reported issues with Elon Musk and his exit from Dogecoin (DOGE). This unexpected turn of events led to a market crash, dampening hopes for a strong rally.

The problem began when Musk made negative comments about U.S. President Donald Trump, triggering a cascading effect in the market. Bitcoin, which was expected to surpass the $106,000 mark, instead fell from $105,900. Trump's coin was also affected after Doge's collapse, a cryptocurrency heavily supported by Musk.

As a result, two of my profitable trades were closed due to the sudden drop. The market, which was previously in a positive zone, is now facing a decline. With the possibility of Bitcoin dropping below the $100,000 level, investors are advised to exercise caution. The market impact may continue throughout the month, as some expect it may not recover to $111,900.