Bitcoin has experienced a sharp pullback as the crypto market reacted to rising political tensions between Elon Musk and U.S. President Donald Trump. The unexpected clash began when Musk openly criticized the administration’s proposed “Big Beautiful Bill” on X, calling it damaging to innovation and digital freedom. In response, Trump fired back with comments that fueled speculation and uncertainty across financial markets. This sudden confrontation between two of the most influential voices in finance and tech quickly spilled into the crypto space.

Within hours of the exchange, Bitcoin dropped over 5%, breaking below short-term support levels and sparking volatility across major altcoins. According to CryptoQuant data, the futures market reacted violently, with over $324 million in long p

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