#TrumpVsMusk , Do you want to know a little more about the decline of the main cryptos in the market with these two characters? Let me tell you: The dispute between Trump and Musk has generated a significant impact on the world of cryptocurrencies, especially on the price of Bitcoin. Recently, the price of Bitcoin fell almost 3% after Elon Musk criticized Donald Trump's plan to impose widespread global tariffs, which could lead to a recession in the second half of the year.
*What is behind the dispute?*
- Trump has been taking advantage of the cryptocurrency business, with an estimated net worth of $5.6 billion, thanks to his personal ventures with digital assets.
- Musk, on the other hand, has been critical of Trump's policies and has expressed concern about the impact of tariffs on the economy.¹ ²
*Impact on the cryptocurrency market*
- The decline in Bitcoin's price occurred after Musk criticized Trump's policies, leading to a liquidation of $308 million in long positions.
- Other major cryptocurrencies, such as Ether and XRP, also experienced significant drops in the last 24 hours.
- Cryptocurrency analysts are worried about the possibility of a short-term correction in the cryptocurrency market due to selling pressure from long-term holders.
*What does this mean for the crypto world?*
- The dispute between Trump and Musk has generated uncertainty in the cryptocurrency market, which may affect investor confidence.
- However, some experts believe that the cryptocurrency industry will continue to grow despite political disputes.
- The market capitalization of stablecoins, such as Trump's stablecoin, World Liberty Financial, has reached $2.2 billion, suggesting that the industry remains attractive to investors.
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