#CryptoSecurity101 Below is an analysis of how the dispute between Trump and Musk is affecting Binance trading, particularly in the cryptocurrency markets:
📊 Impact on Cryptocurrency Prices and Trading Volume
The price of Bitcoin briefly dropped below $101,000 - it is now around $103,000 - after the dispute caused nearly $1 billion in liquidations, according to Coinglass.
The BNB token, Binance's native token, fell by approximately 4% during the day amid a broad sell-off in the sector - although wider market trends also affected it.
🔻 Meme Tokens and Events on Binance
The meme token TRUMPUSDT dropped by approximately 9% on Binance - an immediate reaction to the public dispute.
Trading volume for DOGE increased by about 12% between 3 PM and 5 PM UTC, causing a slight price increase ($0.162 → $0.165) following Musk's intense comments.