Bitcoin Falls as Trump and Musk Clash on Social Media📛
Bitcoin has dropped again, falling 3.2% in the last 24 hours to around US$100,956, based on TradingView data from Friday (06/06). The crypto market reacted quickly to rising political tension in the U.S.
The drop followed a heated post from former U.S. President Donald Trump, who attacked Elon Musk on social media. Trump suggested cutting all government subsidies and contracts for Musk’s companies.
“I wonder why Biden didn’t do it from the start,” Trump said on Thursday (05/06).
This bold statement shook investor confidence. Not only did Bitcoin fall, but other major cryptocurrencies also took a hit. Ethereum (ETH) plunged 4.8% to US$2,400, while XRP dropped 4.4% to US$2.10.
crypto market remains sensitive to political headlines, especially when tech and finance giants are involved.
Stay sharp and stay informed
