#TrumpVsMusk

The Trump-Musk Feud: How Does It Affect the Crypto Market? #Trump #BTC

The public fight between Donald Trump and Elon Musk has shaken the markets, including crypto. After Musk's criticisms of Trump's tax plan, the president threatened to cancel government contracts with SpaceX, causing a drop in Tesla's stock and massive liquidations in BTC and ETH. Musk even suggested dismantling SpaceX's Dragon spacecraft, although he later backtracked.

This conflict, which started as a political dispute, now impacts market confidence. Bitcoin fell below $101,000 during the peak of tensions, showing how battles between influential figures can generate volatility. Although both have been key allies in the crypto ecosystem, their fallout could slow regulatory advancements.

Conclusion? In crypto, even the personal dramas of millionaires move the market.