Musk-Trump Fallout Triggers $1 Billion Crypto Liquidations

The public feud between Elon Musk and Donald Trump has triggered a significant downturn in the cryptocurrency market, resulting in nearly $1 billion in crypto liquidations. The fallout, with traders caught off guard by sudden market volatility, saw Bitcoin, Ethereum, and other leading assets plummet. Over 227,000 traders were impacted globally as long positions suffered losses, highlighting the extent of the impact.