Crypto Crash Trump Musk Bitcoin — yes, that’s what’s happening. Bitcoin (BTC) fell below $103,000 after a surprising online feud between Elon Musk and Donald Trump rattled the crypto world… To everyone’s surprise, Bitcoin (BTC) dropped below $103,000, sending shockwaves in the cryptocurrency community. The drop comes after online altercation between U.S. President Donald Trump and Tesla CEO Elon Musk sent investors into a state of panic. As per live prices, Bitcoin currently trades at $102,777.60, having fallen 2.15% in the past 24 hours and 3.23% in the past 7 days. Total crypto market capitalization is at $2.04 trillion with BTC dominance remaining firm.
Trump vs. Musk: Political Storm in Crypto
The Trump-Musk feud began on June 5 on social media following Musk’s attack on Trump’s new tariffs and space policy. In retaliation, President Trump publicly threatened to cancel SpaceX’s government contracts, instilling a fear of retaliation and uncertainty into Musk-related stocks and crypto sentiment. Tesla (TSLA) dropped over 14%, erasing billions in market cap. Cryptocurrency stocks such as Coinbase (COIN) and MicroStrategy (MSTR) also saw significant losses, which contributed to bearishness. Experts blame the war on panic selling, especially by retail investors who are worried about more regulatory and political uncertainty.
Analyst Take: Is the Crypto Crash Temporary?
Crypto analyst Justin Bennett stated on X that whales began adding short exposure on exchanges. Nevertheless, he thinks support at $98,500–$100,000 can remain in the short term if macro metrics stabilize. Other specialists are more optimistic, citing: President Trump’s pro-crypto tone during the spat The growth of spot Bitcoin ETFs, which are now managing over $121 billion in assets Institutional buying in the bear markets
What’s Next for Bitcoin?
Crypto Crash Trump Musk Bitcoin — yes, that’s what’s happening. Bitcoin (BTC) fell below $103,000 after a surprising online feud between Elon Musk and Donald Trump rattled the crypto world. While short-term volatility is likely to continue, the longer-term direction for Bitcoin is bullish, supported by robust fundamentals and increasing institutional demand. Still, investors should be careful to avoid: U.S. government policy releases Any intensification of the Musk-Trump rivalry Real-time news from CoinMarketCap and finance markets ✅ Final Thoughts The current Musk-Trump spat has introduced fresh political risk into the already volatile crypto space. As Bitcoin dipped below $103K and altcoins bled, traders were told to stay on high alert, maintain tight risk, and keep a close eye on key support levels. Stay informed on solid platforms like CoinMarketCap for up-to-date market data.
Skyrocketed Coins This Week – BitBall Soars 2800%! Top 5 Crypto Gainers :- click here
