#TrumpVsMusk As of June 6, 2025, the crypto market is experiencing a decline due to the conflict between US President Donald Trump and Tesla CEO Elon Musk.

Some news regarding the impact of this conflict on cryptocurrencies:

Meme coins associated with Trump and Musk, particularly Dogecoin and $TRUMP, have suffered significant losses. In particular, $TRUMP has fallen by more than 10%.

The price of Bitcoin has dropped by more than 4% to $100,500, approaching the five-digit zone.

The CoinDesk 20 index has decreased by more than 5%, with SOL and SUI losing over 7%.

Coinbase shares fell by 4.6%, and Strategy by 2.4%.

Miners MARA, RIOT, and CORZ incurred losses of about 5%.

The conflict escalated after Trump called Musk 'crazy' and threatened to strip his company of government contracts. Musk responded with allegations regarding Trump's connections to Jeffrey Epstein's affairs and called for Trump's impeachment.