A public dispute between Donald Trump and Elon Musk on X (formerly Twitter) on June 5th triggered market volatility, impacting Bitcoin. The cryptocurrency, previously valued at $105,501, experienced a 2.20% decline within 24 hours, dropping to $102,790 on international exchanges by June 6th. Indian exchanges reflected similar losses, nearing 3%, with Bitcoin prices hovering around $104,652 according to CoinDCX and CoinSwitch data. This highlights the sensitivity of the cryptocurrency market to high-profile events and the influence of prominent figures on investor sentiment. The feud’s impact on Bitcoin underscores the interconnectedness of the digital asset landscape with external factors and public perception.
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Bitcoin Falls to $102,700 Amid Fiery Trump-Musk Feud, Most Altcoins Log Losses
A public dispute between Donald Trump and Elon Musk on X (formerly Twitter) on June 5th triggered market volatility, impacting Bitcoin. The cryptocurrency, previously valued at $105,501, experienced a 2.20% decline within 24 hours, dropping to $102,790 on international exchanges by June 6th. Indian exchanges reflected similar losses, nearing 3%, with Bitcoin prices hovering around $104,652 according to CoinDCX and CoinSwitch data. This highlights the sensitivity of the cryptocurrency market to high-profile events and the influence of prominent figures on investor sentiment. The feud’s impact on Bitcoin underscores the interconnectedness of the digital asset landscape with external factors and public perception.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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