How Bitcoin, Dogecoin, and the Trump-backed memecoin have been impacted by the public feud between Donald Trump and Elon Musk:

🪙 Bitcoin

After Trump’s threat toward Musk intensified the feud around June 5–6, Bitcoin briefly dipped below $105K, but then rebounded. As of June 7, it held steady at around $105.6K, showing resilience despite political tension .

Crypto markets broadly reacted; total crypto capitalization fell by about 2–3%, with over $980 million in futures liquidations .

🐕 Dogecoin

Dogecoin, long influenced by Musk’s tweets, dropped approximately 12% over the past week amid their fallout—including a sharp 6% drop in just 24 hours, reaching about $0.18 per DOGE .

💵 $TRUMP meme coin

Trump’s own token—$TRUMP—also plunged by about 12%, dealing him nearly $900 million in losses .

📉 Market & Stocks

Tesla’s shares slid roughly 14%, wiping out over $150 billion in market value because of Musk’s feud and threats over government contracts .

Trump Media & Technology Group (DJT) shares fell 8% amid the dispute .

🧭 Key Takeaways

1. Short-term volatility in risk assets: Crypto markets and Musk-linked tokens responded quickly to the feud.

2. Bitcoin stability: Despite the turbulence, Bitcoin held its key support above $105K.

3. Sector-wide impact: The tension didn’t just hit crypto—Tesla and Trump’s own crypto ventures also faced significant losses.

🔍 Bottom Line

The Trump–Musk clash has triggered a significant but short-lived sell-off in crypto and related stocks, reflecting broader investor concern. Bitcoin’s rebound suggests strong institutional support and market resilience. However, tokens tied directly to the individuals involved—like Dogecoin and $TRUMP—remain highly sensitive to their public drama.