Bitcoin Plummets as Musk-Trump Twitter Feud Triggers Market Volatility

A public disagreement between Elon Musk and Donald Trump sparked significant volatility in the Bitcoin market, resulting in a 3.3% price drop on June 2025. This event highlights the substantial influence social media has over crypto markets, leading to over $1 billion in crypto liquidations and impacting hundreds of thousands of traders globally. The sudden market shift was largely attributed to the collapse of leveraged positions triggered by the price fluctuations.