#TrumpVsMusk #TrumpVsMusk

Cryptocurrency markets collapsed due to the conflict between Trump and Musk!

The total capitalization of the cryptocurrency

market decreased by $170B to $3.26T on June 5, the lowest since May 8, with a slight

recovery to $3.3T during Asian trading. Bitcoin fell by $5K to just below

$101K, but stabilized at $102.8K.

Nearly $1B in liquidations affected 228K traders, 90% of whom were in long positions on

BTC.

* Chaos? A bitter dispute between President Trump and Elon Musk! Musk

criticized Trump's tariffs,

warned of a recession, and dismissively

commented on the "One Big Beautiful

Law," even hinting at Trump's ties

to the Epstein file. Trump responded,

defending the law as "one of the best."

Musk's SpaceX threatened to decommission the

Dragon spacecraft after threats.