Bitcoin stuck below $106,000 due to Musk-Trump clash; market remains uncertain.
- Elon Musk and Donald Trump’s public disagreement is causing Bitcoin to struggle under $106,000.
- Market volatility has led to nearly $308 million in long position liquidations.
- Institutional investors are showing caution amid ongoing trade tensions.
- Historical data suggests political tensions can lead to temporary shocks in Bitcoin’s price.
Musk-Trump Feud Causes $308M Bitcoin Liquidation
The public spat between Elon Musk and Donald Trump has amplified market volatility. Bitcoin, a notable casualty, faces challenges in reclaiming the $110,000 level.
Nearly $308 million in long positions were liquidated. The dispute heightened investor caution and contributed to Bitcoin’s resistance struggles.
Institutional Cautiousness Amid Trade Tensions
The liquidations have directly affected institutional sentiments, with experts forecasting recovery conditional on positive catalysts. Sellers remain strong in the current range.
Analyst projections suggest a 65% chance of Bitcoin surpassing $110,000 in June. Market uncertainty persists amid ongoing trade tensions. According to a quote from a market analyst, “Their public confrontation has been cited as a catalyst for volatility and liquidations in the current cycle.”
Bitcoin’s Historical Reaction to Political Tensions
Similar incidents have historically led to temporary shocks in Bitcoin’s price, especially during key political tensions. Market patterns suggest substantial ripple effects on correlated assets.
Based on past data, potential recovery depends on catalysts and shifting sentiments. Expert models weigh prospects positively if broader circumstances enhance market confidence.
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