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    Home»Bitcoin»$621,550,000 in Bitcoin and Crypto Liquidated As Trump-Musk Meltdown Hits Important Mass – The Day by day Hodl
    1,550,000 in Bitcoin and Crypto Liquidated As Trump-Musk Meltdown Hits Important Mass – The Day by day Hodl
    Bitcoin

    $621,550,000 in Bitcoin and Crypto Liquidated As Trump-Musk Meltdown Hits Important Mass – The Day by day Hodl

    By Crypto EditorJune 6, 2025No Comments2 Mins Read
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    Bitcoin’s worth is tumbling as President Trump and Elon Musk’s battle over a trillion-dollar spending invoice spirals uncontrolled.

    Within the final a number of hours, Trump has threatened to chop Musk’s authorities subsidies and contracts, whereas Musk claimed the President is known as within the Jeffrey Epstein information.

    The turmoil pushed US markets barely decrease, triggered a 14% drop for Tesla (TSLA), and fueled a pointy drop within the worth of Bitcoin, from a 24-hour excessive of $105,733 right down to $100,900 at time of publishing.

    In accordance with the crypto information aggregator Coinglass, a complete of $621.55 million has been liquidated from the crypto markets in simply the final 4 hours alone.

    The Trump-Musk meltdown was initially sparked by Musk’s opposition to the Republican tax and spending invoice, which handed the Home two weeks in the past.

    Musk known as the invoice a “disgusting abomination” that may balloon the federal deficit.

    The Congressional Price range Workplace (CBO) estimates the laws would add $2.4 to $5 trillion to the $36.2 trillion nationwide debt over a decade.

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    $621,550,000 in Bitcoin and Crypto Liquidated As Trump-Musk Meltdown Hits Important Mass – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate internet marketing.

    Featured Picture: Shutterstock/Vadim Sadovski/Chuenmanuse



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