#TrumpVsMusk 💥 What Happened Today

A high-profile clash between Donald Trump and Elon Musk caused heightened uncertainty in the markets, leading to a sharp sell-off across major cryptocurrencies .

Nearly $1 billion in leveraged positions were liquidated—about $980 M wiped out from futures, with $874 M from longs .

---

📉 Market Impact Snapshot

#bitcoin (BTC):

Dropped ~3% intraday and dipped below $101 K .

#Ethereum (ETH):

Plunged roughly 6% as investors reacted to the fallout .

Meme & Altcoins:

DOGE tanked ~10% in a single day .

Other tokens like $SOL and #XRP’ also dropped 3–4% .

Total Market Cap:

$BTC and $ETH

losses dragged total crypto market cap down ~2.3% to around $3.2 trillion .

---

⚠️ What Triggered the Turmoil

Trump threatened to pull federal contracts from Musk’s businesses (Tesla, SpaceX, X), escalating tensions .

Musk fired back via X, mocking Trump and fueling uncertainty around tech and policy .

Margin-liquidation cascade intensified the drop—exposed long positions triggered forced selling .

---

🔍 Quick Takeaway

This isn’t just politics — it's a market-moving event. The clash has recessed sentiment, triggered liquidation cascades, and reinforced how external drama can shake crypto fundamentals.

Short-term volatility is high. Many see this as a potential buy-the-dip moment, but the drama isn’t over—geopolitical and leverage-driven crashes may continue .

Keep an eye on any policy shifts or private communications between #TrumpVsMusk they could offer clues to the next swing .

---

📸 Visual Highlights (No Identifiers)

1. Market-drop graphic showing Bitcoin below $101 K

2. Trump vs Musk showdown headline

3. Market dip & liquidations chart

4. Musk vs Trump fallout alert