Bitcoin bounces USD $ 105,000 after shaking caused by the Trump-Musk saga

By Hannah Pérez

Bitcoin resumed the USD $ 105,000 after a reverse up to USD $ 100,000 on Thursday, caused by the public fury between Elon Musk and Donald Trump. The dispute added to a bearish cocktail complex, but now the winds change.

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• The winds change in favor of Bitcoin after the public dispute between Musk and Trump.
• Bitcoin arises over USD $ 105,000 after a reverse up to USD $ 100,000 on Thursday.
• The ETF Bitcoin in cash saw departures on Thursday and Friday, reflecting the bearish action.
• Trump has said he is not interested in talking to Musk after calling him “crazy.”

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Bitcoin (BTC) has returned on the USD $ 105,000 after a week of wild agitation caused by the very public fight between the two powerful of the United States –billionaire Elon Musk and President Donald Trump.

This week, the rivalry between Musk and Trump added fuel to an already volatile financial environment, causing the massive sale of assets, including cryptocurrencies. Bitcointhe largest cryptocurrency, It sank towards the USD $ 100,000 area Thursday after having negotiated above the USD $ 106,000 on Tuesday.

As the rest of the main cryptocurrencies faced similar and even more pronounced corrections, the market was whipped by massive liquidations of almost USD $ 1 billion. The bearish action was reflected in the funds quoted in the stock market (ETF) of Bitcoin in cash in the US that became negative towards the closing of the week.

The shares of companies such as Tesla They also suffered in the traditional bag, falling to two percentage digits.

Fury between Trump and Musk joined the bearish cocktail

The dispute between President Trump and Musk was caused by disagreements on Trump’s tax and expenses bill, called ‘Big Beautiful Bill’, which the CEO of Tesla and X criticized as a “unpleasant abomination“

From there, everything was a string of insults and public threats between both powerful, with Trump threatening to cancel government contracts and subsidies of Musk companies, and later Musk accusing Trump of being in the archives of Jeffrey Epstein. The following was that The president called it “CRAZY“In your account of Social truth.

The fury joined the even current commercial tensions, the uncertainty about the bill

The phone call between Trump and his Chinese counterpart, Xi Jinping, at the beginning of the week, had already negatively impacted Bitcoin. Trump had said a day before reaching an agreement with the Chinese president was “difficult“The uncertainty about the rates and the possibility that there are still commercial friction between both powers pressed the market.

Later in the week, Trump insisted that the Fed should cut the rates and hinted again with saying the boss, Jerome Powell. All this amid the estimates that the budget bill will add USD $ 3.8 billion to the national debt of the United States during the next decade. A perfect cocktail that generated strong sale pressure in the cryptocurrency market.

Bitcoin recovers about USD $ 105,000

The ETF of Bitcoin In the couch Americans reflected the general feeling of the market, when they closed on Thursday with a net exit for USD $ 278.4 million. The bearish streak extended to Friday, when investors withdrew USD $ 47.8 million of the funds, according to the data compiled by Sosovalue.

Despite the public scandal, Trump would have said Friday in an interview with ABC News that “He is not interested” In having a call with Musk to solve the dispute, identifying it as “man who has lost his head“

Bitcoin It has recovered on Saturday morning (ET), changing hands around USD $ 105,700 at the time of writing these lines. Its price is 1.50% higher in 24 hours and is only 5.7% below its historical maximum close to $ 112,000, conquered on May 22, according to data from Coinmarketcap.

The main ones Altcoins They also show signs of profits in the last 24 hours, with the total capitalization of the cryptocurrency market, placing $ 3.3 billion, almost 1% more in the period.

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Hannah Estefanía Pérez / Diariobitcoin

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