The cryptography market is getting reder by the minute while the spit between US President Donald Trump and Tesla CEO Elon Musk is intensifying.
Late in the American day, Bitcoin
fell by more than 4% to $ 100,500, threatening to bring back to five figures for the first time in one month.
Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, with the exception of exchange parts, the same and stablecoins – is down more than 5% during the same period. Sol et suis are notable sub-performants, printing losses of more than 7%.
Coinbase (Coin) lost 4.6%, the strategy (MSTR) slipped 2.4% Thursday, while a few minors, including Mara Holdings (Mara), Riot Platform (Riot) and Core Scientific (CORZ), underwent 5% of losses.
The Musk and Trump argument, initially triggered by the potential effects of the “big and beautiful bill” on American national debt, quickly intensified Thursday afternoon, the president claiming that the founder of SpaceX had become “crazy” and threatening to terminate government contracts for all companies led by Musk.
The richest man in the world, for his part, wrote that Trump was involved in Jeffrey Epstein’s files, said SpaceX would play his dragon plane and agree with a social media position calling Trump to be dismissed and replaced by Vice-President JD Vance. The Tesla (TSLA) action fell by more than 14% on Thursday.
Day of IPO
Cryptography prices were already under pressure on Thursday in the middle of the euphoria surrounding the IPO of the Circle of Stablecoin transmitter (CRCL). Those who have memories recalled a similar excitement surrounding the IPO of Coinbase (Coin) 2021 of Coinbase, which at the time marked a historic summit for the cryptographic markets.
Circle, who became a public at $ 31, climbed over $ 100 at one point Thursday before closing at $ 83.
