🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Today is the 355th day of my dynamic posts, and I haven't missed a single day. Each post is not done half-heartedly, but with careful preparation.
If you think I'm a serious person, you can follow me, and I hope the content can help you every day. The world is big, and I am small, so please follow me to avoid difficulties in finding me.
The current financial market is perplexing, and the fierce quarrel between Musk and Trump has directly topped the trending searches. Who would have thought that a combination that once appreciated each other, with one providing financial support and the other offering policy benefits, would now be at odds? On one side, Musk accuses Trump of cutting subsidies and suppressing companies, while on the other side, Trump directly curses, angrily rebuking the other as "crazy" and "ungrateful." However, the most direct victims of this quarrel are us ordinary investors—our wallets have suddenly shrunk. Looking at the market reaction, Tesla's stock price plummeted by 14%, and the cryptocurrency market also experienced severe fluctuations. The cause of the issue is actually not complicated: Musk publicly opposed Trump's new fiscal bill, believing it would significantly increase U.S. debt while cutting crucial subsidies for electric vehicles. This infuriated Trump: Tesla enjoyed subsidies for several years, and now they have the audacity to accuse him? Thus, both sides exchanged blows, refusing to back down.
As the quarrel escalated, Tesla's stock price plummeted, with a market value evaporating by 152 billion dollars overnight. The cryptocurrency market was even more severely impacted, with the price of Dogecoin (DOGE), closely associated with Musk, crashing sharply; the overall market's risk appetite fell sharply, and even the price of Bitcoin (BTC) suddenly dropped significantly.
This is not just a simple "verbal dispute", but a financial storm triggered by American politics. From the perspective of the cryptocurrency market, the impacts behind this are far more serious than what is seen on the surface. It is like a policy-level earthquake that has not only shaken the stability of U.S. Treasuries in the RWA narrative but has also affected the liquidity of venture capital markets and U.S. stocks, and has changed financial institutions' investment attitudes towards high-risk assets. Many cryptocurrency investors have been caught off guard by this sudden systemic emotional fluctuation and have already been "cut down" by it.
Some people jokingly say that nowadays in the cryptocurrency circle, the manipulators no longer need to deliberately harvest retail investors; just a tweet from Musk or a few insults from Trump can cause the market to fluctuate dramatically. This seemingly absurd reality precisely illustrates that the connection between the cryptocurrency market and U.S. fiscal policy is already inseparable. Our wallets seem to be bound to American politics, which is truly frustrating and heart-wrenching.