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Home»Bitcoin»Bitcoin (BTC) Stays Firm as Trump-Musk Feud Escalates Over 2025 Budget Politics
Bitcoin

Bitcoin (BTC) Stays Firm as Trump-Musk Feud Escalates Over 2025 Budget Politics

8 June 2025No Comments2 Mins Read
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Bitcoin

Held on Saturday above $ 105,000, despite an unusually combative and personal escalation in the Trump-Mus-Vete that could rattle traditional markets next week.

On Saturday, in a Telephone interview with NBC NewsPresident Trump warned that there would be “serious consequences” if Elon Musk supported the democratic candidates financially against Republicans who support the GOP budget law. “If he does, he will have to pay the consequences for that,” Trump said and added, “he will have to pay very serious consequences if he does.”

Trump, who has often talked about support from the past of Musk, has strongly rejected the idea of ​​recovering ties. “No,” he said when he was asked if he wanted to restore the relationship. “I would assume, yes,” he added when he was asked if the gap was permanent.

Despite the intensification feet between two of the most influential figures in American politics and technology, Bitcoin was not surprised. The cryptocurrency held on earlier profit and continues to act near weekly highlights. The calmness of the market suggests that traders can increasingly regard BTC as a cover against institutional dysfunction, or at least as an active isolated of the partisan Fallout that tends to influence shares more.

Technical analysis highlights

  • BTC traded in a 24-hour range of $ 1,162 (1.13%), from a low of $ 104,624 to a high point of $ 105,786, according to the technical analysis model of Coindesk Research.
  • Strong support was formed at $ 104,800, where the above -average volume confirmed the interest of the buyer.
  • Resistance at $ 105,200 was broken and has since been reversed in a short -term support zone.
  • The volume peaked at 378 BTC during important outbreak moments, especially around 13: 43–13: 46 and 13:53.
  • A short consolidation took place between $ 104,300 – $ 104,600 before the last wave to almost highlights.
  • An ascending price channel remains intact and shows bullish structure despite intermittent withdrawal.
See also  Ether.fi Rolls Out Crypto Hotel Booking Service as it Takes Another Step Towards Neobank Status

Disclaimer: Parts of this article were generated with the help of AI tools and assessed by our editorial team to guarantee the accuracy and compliance with our standards. See Coindesk’s full AI policy for more information.

Bitcoin BTC Budget Escalates Feud firm Politics Stays TrumpMusk
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