Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20% 📉
The cryptocurrency market experienced a significant downturn on Friday, June 6, losing 5% within 24 hours. This decline is primarily attributed to escalating political tensions between President Donald Trump and Elon Musk, which have adversely affected investor sentiment.
Consequently, the total cryptocurrency market capitalization has dropped notably. Among the most affected cryptocurrencies is Dogecoin, which has seen a substantial 20% decrease.
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