Elon Musk Attacks Trump: Crypto Plunges After Controversial Statements

A surprise market downturn in the cryptocurrency world has caused Bitcoin’s price to plunge. The dramatic drop, reaching an all-time low of $101,500, stemmed from former U.S. President Donald Trump’s announcement to withhold government subsidies from Elon Musk’s companies. In response, Musk took to social media and launched a verbal attack against Trump, sparking widespread market uncertainty. The conflict has escalated rapidly with the potential for further repercussions across financial markets.