#TrumpVsMusk According to information as of June 6, 2025, the crypto market is experiencing a downturn due to the conflict between U.S. President Donald Trump and Tesla CEO Elon Musk.

Some news about the impact of this conflict on cryptocurrencies:

Meme coins associated with Trump and Musk, particularly Dogecoin and $TRUMP, have suffered significant losses. In particular, $TRUMP has fallen by more than 10%.

The Bitcoin price has dropped by more than 4% to $100,500, nearing the five-digit zone.

The CoinDesk 20 index has decreased by more than 5%, with SOL and SUI losing over 7%.

Coinbase shares have fallen by 4.6%, and Strategy by 2.4%.

MARA, RIOT, and CORZ miners have incurred losses of about 5%.