Bitcoin Tumbles as Trump-Musk Political Clash Ignites Market Jitters

Bitcoin takes a 5% nosedive as two of crypto's most polarizing figures—Donald Trump and Elon Musk—trade blows in a public feud that's rattling traders. The OG cryptocurrency slipped below $60K amid the chaos, proving once again that when egos collide, portfolios tremble.

Market analysts point to the timing—just as BTC was testing key resistance levels—as particularly brutal. 'Nothing tanks crypto faster than billionaire drama,' quipped one hedge fund manager while adjusting his short position.

The feud highlights crypto's growing politicization, with Trump doubling down on his anti-crypto stance while Musk continues to flip-flop between Bitcoin maxi and Dogecoin meme lord. Meanwhile, retail traders are left holding the bag—business as usual in Wild West markets.