Bitcoinist
2 weeks ago
Bitcoin Futures Rattled By Political Shock – $324M Liquidated In A Day 💥
Bitcoin faced a significant downturn as the crypto market became unsettled due to escalating political tensions involving Elon Musk and U.S. President Donald Trump. This surprising conflict erupted when Musk openly criticized the administration's proposed 'Big Beautiful Bill' on X, deeming it harmful to innovation and digital freedom.
The backlash resulted in Trump responding with comments that further fueled the volatility in the market, leading to $324 million in Bitcoin futures being liquidated in a single day.
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