🚨 Trump vs. Musk: The Feud That Shook the Crypto World 🚨

When two of the most influential figures clash, the markets feel the tremors.

Over the past week, a public spat between President Donald Trump and tech mogul Elon Musk has sent shockwaves through the financial world, particularly impacting the cryptocurrency market.

🔥 The Feud Unfolds :-

Musk's Critique: Elon Musk publicly criticized Trump's proposed $2.4 trillion tax-and-spending bill, labeling it a "disgusting abomination."

Trump's Retaliation: In response, Trump threatened to revoke federal contracts with Musk's companies, including Tesla and SpaceX.

Escalation: The conflict intensified with Musk calling for Trump's impeachment and referencing potential links to Jeffrey Epstein.

📉 Market Impact :-

Bitcoin (BTC): Dropped below $101,000, with over $308 million in long positions liquidated.

Ethereum (ETH): Experienced a 6% decline, trading around $2,457.

Dogecoin (DOGE): Fell by 12%, trading near $0.18.

Trump's $TRUMP Coin: Declined by 12%, resulting in approximately $900 million in losses for Trump.

💥 Broader Financial Fallout :-

Tesla: Shares plunged by over 14%, erasing $150 billion in market value.

Trump Media & Technology Group: Shares fell by 8%, leading to a $202 million loss.

This feud underscores how personal conflicts between influential figures can have far-reaching consequences in the financial markets, especially in the volatile world of cryptocurrencies.

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Stay informed and navigate the crypto market with Binance. Always do your own research before making investment decisions.

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🗳️ Drop your pick:

🔁 = Team Trump

❤️ = Team Musk

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