Big news: $BTC Donald trump and Elon Musk sees bitcoin🤯

Bitcoin's price has taken a hit due to the intensifying feud between US President Donald Trump and billionaire Elon Musk. The cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level, with long traders losing around $308 million in the process ¹.$BTC

The Trump-Musk spat has led to a shift in sentiment, with Bitcoin ETFs experiencing outflows of $278 million, while Ether ETFs saw inflows, continuing a 14-day streak ². This feud has also sparked fears of a recession, with Musk warning that Trump's plan for sweeping global tariffs "will cause a recession in the second half of this year" ¹.

Despite this, some analysts believe that a surprise interest rate cut by the Federal Reserve could drive Bitcoin to a fresh peak, with a target price of $112,000 ³. However, others predict that Bitcoin's price could fall further, with some traders expecting a retest of the $100,000 support level ⁴.

In other news, Japan's Metaplanet plans to hold 100,000 BTC$BTC by 2026, revising its target from 21,000, and issuing shares to accelerate its Bitcoin treasury strategy ⁵. Additionally, Pakistan's Crypto Minister Bilal Bin Saqib is pursuing high-level US partnerships to promote cryptocurrency adoption ⁵.