Crypto Market Plummets: Bitcoin Drops Below $103,000 & Elon Musk Feud Fuels Selling

Cryptocurrency markets experienced a significant downturn today, driven by the ongoing clash between Tesla CEO Elon Musk and former President Donald Trump. Bitcoin dropped to its lowest point in over two weeks, reaching approximately $102,836, with Ethereum plummeting more than 6%. This volatility was amplified by large-scale liquidations of leveraged positions across cryptocurrency exchanges, exceeding $800 million in just hours. The feud between Musk and Trump spilled into the crypto markets, triggering a wave of sell-offs that affected both short-term crypto prices like Dogecoin and even broader market sentiment impacting stocks such as Tesla.