$BTC The memecoins associated with President Donald Trump and billionaire Elon Musk recorded disproportionate losses amid a growing public dispute between the two. $TRUMP and Dogecoin led this trend.
The largest cryptocurrency in the world fell 1.6% to $102,965.7 at 07:58 (Spanish time), having previously fallen to $101,127.6. Crypto markets in general also fell alongside Bitcoin.
Risk appetite was affected by a massive sell-off on Wall Street, which in turn was partly triggered by the dispute between Trump and Musk.
Traders also remained mostly cautious ahead of key non-farm payroll data that will be released later in the day, which is expected to show a sustained cooling in the US labor market.
Memecoins affected by the Trump-Musk dispute
The memecoins associated with Trump and Musk –specifically Dogecoin and $TRUMP– recorded significant losses on Thursday and Friday as both faced off in a bitter dispute on social media.
