Bitcoin Price Today: Down to $103K; Meme Coins Suffer Amid Trump-Musk Feud
Bitcoin fell on Friday, continuing its recent decline as profit-taking in cryptocurrency markets showed no signs of slowing amid heightened uncertainty about U.S. trade and economic conditions.
Meme coins linked to President Donald Trump and billionaire Elon Musk suffered significant losses amid an escalating public feud between them. $TRUMP and Dogecoin led this trend.
The world’s largest cryptocurrency slipped 0.5% to $103,950.7 by 4:24 PM Moscow time, after earlier falling to an intraday low of $101,127.6. Broader cryptocurrency markets were also mostly lower alongside Bitcoin.
Risk appetite was dampened by a sell-off on Wall Street, which was partly fueled by the Trump-Musk feud.
Traders remained largely cautious ahead of the release of key nonfarm payrolls data due later in the day, which is expected to show continued cooling in the U.S. labor market.
Meme Coins Hit by Trump-Musk Feud
Meme coins linked to Trump and Musk—particularly Dogecoin and $TRUMP—suffered significant losses on Thursday and Friday as the two engaged in a heated feud on social media.
Musk’s criticism of a major tax-and-spending bill supported by Trump appeared to be at the center of the spat, with Musk continuing his rhetoric against the bill, calling it “pork-filled… abomination.”
Trump, in turn, threatened to cut government contracts with Musk’s companies, especially SpaceX, and also questioned Musk’s character, calling him “crazy.”
Meme coins, which often move based on sentiment, tumbled as the feud worsened. $TRUMP fell more than 10% on Friday, while Dogecoin traded 6.3% lower.
Bitcoin fell on Friday, continuing its recent decline as profit-taking in cryptocurrency markets showed no signs of slowing amid heightened uncertainty about U.S. trade and economic conditions.
Meme coins linked to President Donald Trump and billionaire Elon Musk suffered significant losses amid an escalating public feud between them. $TRUMP and Dogecoin led this trend.
The world’s largest cryptocurrency slipped 0.5% to $103,950.7 by 4:24 PM Moscow time, after earlier falling to an intraday low of $101,127.6. Broader cryptocurrency markets were also mostly lower alongside Bitcoin.
Risk appetite was dampened by a sell-off on Wall Street, which was partly fueled by the Trump-Musk feud.
Traders remained largely cautious ahead of the release of key nonfarm payrolls data due later in the day, which is expected to show continued cooling in the U.S. labor market.
Meme Coins Hit by Trump-Musk Feud
Meme coins linked to Trump and Musk—particularly Dogecoin and $TRUMP—suffered significant losses on Thursday and Friday as the two engaged in a heated feud on social media.
Musk’s criticism of a major tax-and-spending bill supported by Trump appeared to be at the center of the spat, with Musk continuing his rhetoric against the bill, calling it “pork-filled… abomination.”
Trump, in turn, threatened to cut government contracts with Musk’s companies, especially SpaceX, and also questioned Musk’s character, calling him “crazy.”
Meme coins, which often move based on sentiment, tumbled as the feud worsened. $TRUMP fell more than 10% on Friday, while Dogecoin traded 6.3% lower.
