Trump-Musk Twitter Feud Triggers $1B Crypto Liquidation, Bitcoin Dips Below $101K 💥
A late-night Twitter feud between U.S. President Donald Trump and Tesla CEO Elon Musk sent shockwaves through the cryptocurrency market. The argument triggered a sharp sell-off, resulting in almost $1 billion in liquidations. Bitcoin (BTC) briefly plummeted below $101,000 before slightly recovering.
Altcoins such as Dogecoin (DOGE) and Cardano (ADA) experienced drops exceeding 6% over the past 24 hours. According to CoinGlass, total liquidations reached $988 million, with $888 million coming from long positions, indicating a mass exit of bullish traders. Bybit led the losses with $354 million in liquidations, followed by Binance and other significant platforms.
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