Crypto Market Falls_ Over $980M in Liquidations After Trump–Musk Tension
- On June 6, 2025, a highly publicized conflict involving Donald Trump and Elon Musk led to significant losses in Tesla shares and a sharp decline in major cryptocurrency values.
- The conflict began after Trump advanced the Big Beautiful Bill Act with tax and Medicaid cuts, and Trump accused Musk of going 'crazy' over losing an electric vehicle mandate.
- Musk intensified the conflict by claiming on X that Trump is mentioned in official papers connected to Jeffrey Epstein, while the crypto market experienced over $980 million in liquidations amid declining Bitcoin and Ethereum prices.
- On June 6, Bitcoin dropped by 3%, Ethereum declined nearly 7%, daily ETH trading volume surged by almost 64%, and Tesla shares plummeted 14.26%, resulting in a market value loss of approximately $150 billion.
- The fallout led to broader market volatility and liquidations affecting over 227,000 traders, reflecting increased risk-off sentiment amid the Trump-Musk feud and its impact on financial markets.
28 Articles
28 Articles
Crypto Market Falls_ Over $980M in Liquidations After Trump–Musk Tension
TL;DR Massive Crypto Market Liquidations: A sharp sell-off triggered by macroeconomic jitters, tariff policies, and a brewing Trump–Musk dispute resulted in over $980M in liquidations as overleveraged positions were hit hard. Price Drops Across the Board: Major cryptocurrencies slumped, with Bitcoin dropping by 1% to around $103,700, while Ethereum, Dogecoin, and Cardano fell by over 4%, reflecting widespread market distress. Wider Market Impact…
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Crypto Liquidations Top $980M as Trump-Musk Feud Escalates
The crypto market has seen liquidations top $980 million, driven by a sharp shift to risk-off sentiment amid a public falling-out between U.S. President Donald Trump and his former right-hand man, Elon Musk. At least $892 million of long positions was liquidated among 227,825 traders as bitcoin declined 3% and ether fell as much as 7% in a 24-hour period, according to data from Coinglass. The fallout began over Trump’s signature spending bill, k…
Best Crypto to Buy After $980M Liquidated on Trump-Musk Feud
Bitcoin, Ethereum, and the broader altcoin market were rattled by $980 million of liquidations today due to a public spat between Elon Musk and Donald Trump. But tensions appear to be easing, and the market is settling. A 336% uptick in 24-hour liquidations reflects the market’s turmoil as Musk called for Trump’s impeachment, and Trump […] The post Best Crypto to Buy After $980M Liquidated on Trump-Musk Feud appeared first on Modern Diplomacy.
Musk-Trump Feud Sparks Crypto Market Turmoil
The crypto world is never short of drama, but the latest spat between Elon Musk and Donald Trump has sent shockwaves through the market, sparking debates and shifting sentiments. The clash began when Musk took to Twitter to criticize a recent spending bill, warning of “serious economic risks.” Trump’s swift retort, threatening to pull Tesla’s government contracts, sent Tesla’s stock into a… Source
Investors Remain Cautiously Optimistic as Market Sees Volatility Toward The Weekend: Report – MAXBIT
Over the last 48 hours, millions of dollars have been liquidated in the cryptocurrency market due to tensions between U.S. President Donald Trump and billionaire businessman Elon Musk. Their public dispute has caused markets to end the week on a bearish note. However, a weekly report from the cryptocurrency exchange Binance indicates that investors are...
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