Bitcoin Drops 4% to $100,500 Amid Musk-Trump Feud
The crypto market is facing declines as tensions rise between U.S. President Donald Trump and Tesla CEO Elon Musk.
- Bitcoin is down over 4% to $100,500, approaching five-digit territory.
- The CoinDesk 20 index dropped more than 5%, with SOL and SUI losing over 7%.
- Coinbase lost 4.6%, while Strategy slid 2.4%. Miners like MARA, RIOT, and CORZ suffered losses around 5%.
The conflict escalated after Trump labeled Musk as “crazy” and threatened government contracts for Musk's companies. Musk responded by accusing Trump of being linked to the Jeffrey Epstein files and called for Trump's impeachment.
Circle IPO Day
- Crypto prices were under pressure amid the IPO of Circle, which went public at $31 and peaked above $100 before closing at $83.