#Trump vs Musk
The cryptocurrency market had a busy day. Bitcoin (BTC) and Ethereum (ETH) and Solana (SOL) took a heavy hit, with Bitcoin's price dropping by 3.1%, hovering now around $101,701. What caused this decline? Let's start explaining 👇
💥 Liquidation Chain
Overleveraged trades collapsed quickly. Margin calls triggered a wave of forced selling.
⚔️ Trump and Musk Dispute
The public clash between Elon Musk and Donald Trump raised concerns in the markets. Uncertainty is worrying investors.
🐋 Whale Selling
The massive sell orders unleashed by whales added fuel to the panic.
📈 Profit-Taking
As Bitcoin approaches its all-time high of $112,000, many have taken profits - leading to a magnified slide.
🏦 Job Data Concerns
All eyes are now on the U.S. jobs report. Any surprise may change the Federal Reserve's stance.
🧮 Implications
Cryptocurrencies lost $180 billion in market value - now standing at $3.12 trillion.
⚠️ Bottom Line
Declines are possible. The question is: reset or warning sign? Stay vigilant.
