Bitcoin price fell to 101,579 dollars today, a decrease of 3.5 % in 24 hours and 4.5 % during the past week, as nearly one billion dollars was filtered on the encryption sites tied through the main exchanges.
This decline coincides with the intense political excitement between Elon Musk and US President Donald Trump – an extraordinary but materialist market wandering and producing the investor.
Almost $ 1 billion was classified with the market reaction with political fluctuations
according to Filter dataA total of 964.84 million dollars has been filtered in the centers over the past 24 hours, with $ 877.17 million from these long positions.
Bitcoin formed 243.29 million dollars of the total, followed by the close of ETAREUM with $ 206.96 million. More than 225,000 merchants were filtered during the same period.
The sudden relaxation is highlighted to take advantage of the points the increasing amount between market participants – who interact with the wider total risks and unexpected impacts of local American policy on digital asset markets.
Trump, disagreement mask, begins fluctuation
The decrease in bitcoin is in line with the general repercussions between Elon Musk and President Trump, who escalated this week after Musa has publicly criticized “a beautiful beautiful draft law of $ 1.6 trillion.
Also, Musk accused the amplification bill for the national deficit and reduced critical electric vehicle subsidies that directly affect Tesla.
In response, Trump threatened to cut all federal contracts with Musk – including Tesla, Spacex and Starlink – a 15 % decrease in the price of Tesla.
Then the musk took revenge on calls to dismiss Trump. Trump also alluded to the alleged relationships of Epstein’s files.
Meanwhile, multiple sources confirmed that senior White House aides held emergency meetings today to assess possible economic repercussions.
The prominent conflict is now seen as a potential stability of technical shares and digital assets alike. The encryption dealers seem to rush to reduce exposure.
In general, despite a wider risk environment driven by expecting price cuts later in 2025 and the increasing institutional participation in encryption, this political drama spoils feelings.
Will Bitcoin carry a $ 100,000 line?
Technically, Bitcoin is now above the main psychological support level at $ 100,000.
The decisive collapse at the bottom of this level can lead to a new round of algorithm and liquidation. Especially with the long situations that dominate books.
If the long qualifiers continue at this pace, Bitcoin can test the range from 95,000 to 98,000 dollars before finding meaningful support.
The Musk-TROMP repercussions reflect the increasing intertwining markets with global policy and old finance.
Traders are now learning that Bitcoin fluctuations are not just a function of the chain or macroeconomic indicators. The billionaire dispute and legislative threats can also lead to fluctuations.
Until the tensions expand or find the markets a new catalyst, the short -term Bitcoin expectations remain fragile.
Disintegration
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