June 6, 2025
Bitcoin Threatens $ 100k, Crypto Losses Grow As Musk/Trump Feud Goes Nuclear thumbnail
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Bitcoin Threatens $ 100k, Crypto Losses Grow As Musk/Trump Feud Goes Nuclear

What Began As A Spat Over the GOP TAX AND SPEENDING BILL MOVING THROUGH CONGRESS MORPHED INTO Uncharted Levels on Thursday.”, – WRITE: www.coindesk.com

Bitcoin Threatens $ 100k, Crypto Losses Grow As Musk/Trump Feud Goes NuclearWhat Began As A Spat Over the GOP TAX AND SPEENDING BILL MOVING THROUGH CONGRESS MORPHED INTO Uncharted Levels on Thursday. Jun 5, 2025, 9:01 pm

The Crypto Market is Getting Redder by the Minute As the Spat Between US President Donald Trump and Tesla Ceo Elon Musk Intensifies.

Late in the US Day, Bitcoin

Was Down More than 4% to $ 100,500, Threatening to Dip Back Into Five Digits for The First Time in A MONTH.

The Coindesk 20 – An Index of the Top 20 Cryptocurrencies by Market Capitalization, Except for Exchange Coins, Memocoins and Stablecoins – is Down More than 5% in the Same. Sol and sui are notable underformers, printing losses of more than 7%.

Coinbase (Coin) Lost 4.6%, Strategy (Mstr) SLID 2.4% on Thursday, While a Few Mines Including Mara Holdings (Mara), Riot Platforms (Rio) and Core

Musk and Trump’s Argument, Initially Trigger by the Potential Effects of the “Big, Beautify Bill” on US National Debt, Quickly Escalated On Thursday afternoon, with. “Crazy” and Threatening to terminate government Contracts for all musk-led companies.

The World’s Richest Man, for His Part, Wrote That Trump Was Implicated In The Jeffrey Epstein Files, Stated That SpaceX Wuld Dragon Dragon Aircraft, and Agreed With ACIAL Impeached and Replaced by Vice President JD Vance. Tesla (Tsla) Stock Fell More than 14% on Thursday.

Circle Ipo DayCrypto Prices Were Already Under Pressure on Thursday amid the Euphoria surrounding the iPo of Stablecoin Issuer Circle (CRCL). Those with Memories Were Recalling Similar EXCISTMENT SURROUNDING COINBASE’S (COIN) 2021 IPO, WHICH at the Time Marked an and Historic Top for Crypto Markets.

Circle, whochh wnt Public at $ 31, Soared to Above $ 100 at One Point Thursday Before Closing At $ 83.

Tom Carreras

Tom Writs About Markets, Bitcoin Mining and Crypto Adoption in Latin America. He have a bachelor’s Degree in English Literature from McGill University, and CAN USUALLY BE FOR COSTA Rica. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.

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