The crypto market experienced a significant downturn today, driven by the ongoing conflict between Donald Trump and Elon Musk. Notably, Bitcoin’s price dipped to its lowest point at $100,501 in the US session before gradually recovering. Alongside Bitcoin, altcoins witnessed a substantial decline with Ethereum dropping below $2,500. Current market data indicates that Bitcoin is trading near $104,060 after experiencing a 3% gain from its daily low earlier today. The surge in Bitcoin’s 24-hour trading volume to $62.79 billion (as per CoinMarketCap) signifies increased activity. Ethereum, however, has rebounded, hovering near $2,478 with a daily trading volume of $29.05 billion despite a 5.68% decline over the past 24 hours. Meanwhile, Fartcoin led the gains on Coinbase’s listing announcement, followed by FLOKI, TRX and RAY, experiencing 16%, 4%, 3% respectively. Conversely, STX was the top loser with a 13% decline, followed closely by LDO, TRUMP, and JUP which saw drops of 9%, 8% and 7% respectively. Analysts are divided on the market’s trajectory, with some anticipating sharp gains in Bitcoin, Ethereum, and other leading crypto assets while others anticipate further downside before the weekend.