Crypto and Stocks Plunge as Trump-Musk Feud Sparks Market Turmoil

Bitcoin faces significant pressure around the $100K level due to a massive $1 billion liquidation event driven by political tensions between Musk and Trump, with market sentiment turning more fearful. Despite a quick recovery, the market remains fragile, balancing between strategic liquidity resets and genuine confidence loss, with potential risks of further declines if macroeconomic factors worsen.