The prize of Bitcoin falls out of hand as the struggle of President Trump and Elon Musk for a Bill-spirals of a trillion dollar.
In the past hours Trump has threatened To cut the government subsidies and contracts of Musk, while Musk claimed The president is mentioned in the Jeffrey Epstein files.
The unrest pushed the American markets slightly lower, led to a decrease of 14% for Tesla (TSLA) and fed a sharp decrease in the price of Bitcoin, from a 24-hour highlight of $ 105,733 to $ 100,900 at the time of publication.
According to the crypto data aggregator CoinglassA total of $ 621.55 million was liquidated from the cryptom markets in just the last four hours.
The Trump-Musk-Smelting was initially fueled by the opposition of Musk against the Republican tax and expenditure account, who took the house two weeks ago.
Musk called the bill a “disgusting horror” that would be the federal shortage balloon.
The Congressional Budget Office (CBO) estimates that the legislation would add $ 2.4 to $ 5 trillion to the $ 36.2 trillion national debt for a decade.
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Featured image: Shutterstock/Vadim Sadovski/Chuenmanuse