Quarrel between Trump and Musk, Tesla and Bitcoin course dive down

The Bitcoin course fell last night to $ 100,000 as a result of a fight between Trump and Elon Musk that got out of hand. In the meantime, recovery has occurred now that the minds seem to calm down somewhat.

It was a painful day for investors, but nobody can deny that it was not a fun day. On Thursday, President Trump and Tesla (Nasdaq: TSLA) CEO Elon Musk Quarrel about Musks Platform X.com. The two touched in an argument that ended with Musks claim that Trump is on the infamous Epstein List. In the meantime, Trump said he was disappointed in Musk and threatened to remove the EV-credit program, which helps Tesla remain profitable.

The Tesla shares experienced one of the worst days in history as a listed company. The shares fell by more than 17% at a given moment and closed the session with a loss of 14.26%. All three most important averages recorded lower, but Tesla was the clear outlier among the mega japs.

With the news about a possible olive branch from the White House to Musk, Tesla notes about 5.0% higher in the night trade. If this trade persists, Tesla’s share could open the session of Friday with a rate above $ 300.

Bitcoin course falls due to unrest about Trump – Musk Quarrel

Of Bitcoin Koers Also plummeted, which led to a series of liquidations for crypto-bulls. The world’s largest cryptocurrency fell to $ 100,360 before it recovered after the session closing on Wall Street. On Thursday evening, Bitcoin again recorded above $ 103,000, prior to the important job report on Friday.

Bulls were liquidated during Thursday’s trade session for nearly $ 1 billion through livered positions in Bitcoin, Ethereum And other large altcoins. ETH has fallen by more than 6.0% over the past 24 hours and has lost the $ 2,500 support area. Also Solana Has fallen back below $ 150, while it is still struggling with this strong resistance area.

So what awaits us in the Trump-MUSK-SAGA? Now that the two parties meet tomorrow by telephone, it seems that the mood will remain calm. The Rally from Bitcoin to $ 103,000 seems to indicate that the sale on the stock market on Thursday was exaggerated. On Friday morning, the Employment Report of May will probably be a market -determining event. Until now, stock future has shown a rising trend, just like Bitcoin, which could indicate that Wall Street already knows that the report will be relatively insignificant.

Of Crypto Coersen seemed to recover well in the nightly session on Thursday and it could just be that the assets were overheated and the fight between Trump and Musk was the catalyst for a relapse. Bitcoin continues to consolidate and the decrease tested the important, rising 50-day SMA perfectly. As long as that support holds, Bitcoin should stay in a technical upward trend and again test the record highs later this year.