Crypto Market Under Pressure: Tensions Between Musk and Trump Shake Bitcoin

📉 The crypto market is experiencing heightened volatility as investors nervously watch the escalating feud between Elon Musk and President Trump. While Musk’s recent threats to unseat lawmakers who back Trump’s $5 trillion spending bill still echo through Washington, real market consequences are already taking shape. 🔹 Bitcoin (BTC) has fallen by 1.27%, now trading below $107,000.

🔹 Altcoins like Ethereum are under even more pressure, with ETH struggling to stay above $2,500.

🔹 Total 24-hour liquidations surpassed $211 million, including $133.75 million in long positions.

📊 Market Sentiment Worsens Amid Fiscal Uncertainty The market reflects growing concerns about inflationary pressures that may stem from Trump’s record-setting $5 trillion debt ceiling hike. The President’s proposed “One Big Beautiful Bill” includes massive spending and sweeping tax cuts. In response, Elon Musk has called the bill a form of “debt slavery”, warning that if passed, he will launch a new political party, igniting a full-blown rivalry with his former ally, Donald Trump.

📉 Selling Pressure from Miners and Long-Term Holders On-chain data shows that BTC is facing increasing selling pressure from miners and long-term holders. Analysts are flagging weakening demand and fading optimism, potentially signaling the start of a correction phase. Ethereum is also seeing heavy whale-driven sell-offs from ICO-era holders, further dampening sentiment across altcoins.

🧠 Analysis: Investors Await Political and Regulatory Clarity While financial markets are laser-focused on Trump’s fiscal plans, the crypto community is watching how Congress will vote and what happens with the GENIUS stablecoin bill, which could introduce long-awaited clarity. As a result, many investors are taking a wait-and-see approach, staying on the sidelines until the dust settles. Whether the Musk–Trump conflict turns into a real political showdown or fizzles out remains to be seen.

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