The encryption qualifiers are approximately $ 1 billion, after chaotic disintegration between Elon Musk and US President Donald Trump
The encryption market recorded more than $ 831 million in forcibly liquidating during the past 24 hours. More than $ 765 million in the past 24 hours, including long traders, who have been unacceptable.
The encryption dealers participating in the Bitcoin (BTC) and ETHEREUM (ETH) markets were the most affected by the prominent increase in comprehensive encryption fluctuations. Bitcoin’s fear and greed index fell from 62 percent to 57 percent over the past 24 hours, indicating a declining market.
The encryption market collapses on the repercussions of Musk VS Trump
The encryption market largely followed the broader securities market in a declining morale after explicit repercussions between US President Donald Trump and Technology Billionaire Elon Musk. Friends who turned into a short -term uncertainty, especially after Musk began to pressure for the resignation of US President Trump. Indeed, Musk presses to isolate President Trump, who gained great popularity.
The two differed in the draft spending law in Congress, which referred to more deficit.
“I don’t mind that Illon would mind, but he should have done it for months. This is one of the greatest bills that have ever submitted to Congress. It is a record decrease in expenses, $ 1.6 trillion, and the largest tax reduction ever.
What next?
With the online verbal exchange between Trump and Misk on Thursday, during the trading session in late North America, the fear of stagnation of the market increased significantly. According to Musk, Trump’s tariff, which has witnessed slow negotiations in the recent past, will lead to stagnation in the second half of 2025.
If an American recession occurs in the second half of 2025, it is expected that the price of gold will be better than the stock market. While Bitcoin is widely considered digital gold, the broader encryption market is in a good position to record potential upward recovery during the second half of the year.
