🚨 Trump vs. Elon Musk Clash: How It Shook the Crypto Market in the Last 24 Hours
🗣️ Political Drama Goes Public
Over the past 24 hours, tensions between Donald Trump and Elon Musk escalated online.
Trump criticized Musk publicly, hinting at removing Tesla’s federal contracts if elected.
Musk fired back, mentioning “Epstein client list” and attacking Trump’s credibility.
This public spat didn’t just stir politics—it rattled crypto markets.
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📉 Immediate Impact on Crypto Prices
As the feud gained traction, the crypto market saw a sharp sell-off:
Bitcoin (BTC): Dropped nearly 4.5%, briefly touching $100,400 before rebounding near $104,000.
Ethereum (ETH): Fell over 6.5%, showing higher volatility.
Dogecoin (DOGE): Down as much as 7–20%, largely due to its Elon-linked hype effect.
Solana (SOL), XRP, and others: Fell 4–7%, following general market panic.
💥 Market-Wide Liquidations
Over $900 million worth of positions liquidated in just 24 hours.
Around $308 million was wiped from Bitcoin long positions alone.
Roughly 88% of total liquidations were longs, indicating traders were overly bullish.
This shows how a political-social spark can turn into a financial wildfire.
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📊 Sentiment & Fear Index
Crypto Fear & Greed Index dropped from “Neutral” (~55) to “Fear” (~40–45).
Overall market cap fell to ~$3.22 trillion from ~$3.4T, losing nearly 5%.
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🎯 Why Does This Matter?
Elon Musk has been seen as a de facto influencer of certain crypto assets (like DOGE and BTC). When he faces political threats or legal scrutiny, investor confidence often wavers — especially among meme-coin holders and Tesla-crypto loyalists.
⚠️ What to Watch Next
Will Trump escalate the attack further?
Will Elon retaliate with more market-shaking tweets?
How will institutional investors react if political risks rise?
Stay tuned, because this isn't just drama — it's market-moving fuel.
