Crypto Market Shaken as Trump-Musk Feud Escalates!

🚨 On June 5, the total crypto market cap plunged by $170 billion, hitting $3.26 trillion—the lowest since May 8. A slight recovery brought it back to $3.3 trillion during Asian trading hours.

📉 Bitcoin dropped $5,000 to just below $101,000 before stabilizing around $102,800.

💥 The trigger? A heated clash between President Trump and Elon Musk.

Musk slammed Trump’s tariffs, warned of a potential recession, and criticized the so-called “One Big Beautiful Bill.” He even alluded to Trump’s alleged Epstein connections.

In response, Trump fiercely defended the bill, calling it “one of the greatest.”

Tensions escalated further as SpaceX threatened to shut down its Dragon spacecraft program after reported government contract disputes.

🔻 Nearly $1 billion in crypto positions were liquidated, affecting over 228,000 traders—90% of them holding long positions on Bitcoin.

🤔 Analysts predict more market consolidation ahead unless the sell-off intensifies.

Is this the beginning of the end for the bull run?

📢 Stay tuned for updates and don’t forget to subscribe for more breaking crypto news!

#TrumpVsMusk #TrendingTopic