Trump vs. Musk: Crypto Market Reacts to Political Drama 🔥
🧠 What Happened:
Elon Musk slammed Donald Trump’s latest spending bill, calling it “disgusting,” and even hinted at starting a new political party—“America Party.” Trump clapped back, threatening to cancel Musk’s government contracts and labelling him “crazy.”
📉 Market Response:
The clash rattled investors. Tesla shares dropped about 7–8%. In crypto:
Bitcoin fell 4% 📉
Ethereum dropped 7% 🔻
Dogecoin plunged 10% 🐶💥
Over $86 million in crypto positions were liquidated within 24 hours.
📊 Why It Happened:
Political uncertainty spooked the markets 😬
Conflict between two high-profile figures triggered rapid reactions ⚡
Emotions overpowered logic in short-term trading behaviour 😵💫
🔍 What to Watch:
Bitcoin bounced back above $100K 🚀
Ongoing political drama could spark more market swings
Institutional investors may shift strategies if government instability deepens 🏛️
✅ Key Takeaways for Traders:
Don’t let headlines dictate your trades ❌📰
Pay attention to macro trends and influential voices 🔎
Focus on long-term fundamentals, not short-term drama 📈
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