#TrumpVsMusk ✅

The dispute between Elon Musk and Donald Trump has escalated rapidly, generating significant repercussions both in the political arena and in the financial and cryptocurrency markets. 

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🔥 How did the conflict begin?

The confrontation originated when Elon Musk publicly criticized the tax and spending bill promoted by Trump, known as the “One Big Beautiful Bill,” calling it a “repugnant abomination” and urging its defeat. This criticism led Musk to resign from his position in the Department of Government Efficiency (DOGE), a presidential advisory commission that aimed to restructure the federal government to cut spending and increase efficiency.  

In response, Trump expressed his disappointment and threatened to revoke federal contracts with Musk's companies, such as Tesla and SpaceX. Tensions escalated when Musk publicly hinted at possible ties between Trump and Jeffrey Epstein, further intensifying the conflict. 

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📉 Impact on financial and cryptocurrency markets

The dispute has had notable economic consequences: 

• Tesla: Tesla's stock fell more than 14%, wiping out approximately 150 billion dollars in market value. 

• Trump Media & Technology Group: The shares of Trump's company dropped 8%, resulting in a loss of 202 million dollars. 

• Cryptocurrencies: The price of Bitcoin fell below 101,000 dollars before recovering slightly, and Dogecoin, a cryptocurrency backed by Musk, experienced a 12% decline in the last week.

• Liquidations: Liquidations of leveraged positions in cryptocurrencies totaled approximately 980 million dollars, significantly affecting investors in Bitcoin and Ethereum.