Trump-Musk fight drops Bitcoin at first, after which we see a strong rebound

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Last Updated on 7 June 2025 by CryptoTips.eu

The public feud between crypto enthusiasts Donald Trump and Elon Musk cost Bitcoin a few percentage points on Friday. However, there was also good news as the largest digital currency found strong support as soon as the drop approached $100,000. It seems that there are quite a few buyers waiting around that level. At the time of writing, Bitcoin is once again trading around $105,000.

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The bromance of the first months of the year between Elon Musk and Donald Trump seems to be over.

Ever since his election, Donald Trump has made numerous announcements in favor of cryptocurrencies. This has led to a new all-time high of $111,000 for the Bitcoin price. Unfortunately, the ongoing trade war between the United States and China has put an end to the stellar rise of Bitcoin. The public feud between Trump and Musk has also clearly affected the market.

For example, Bitcoin dropped from $105.00 to $100,000 during the height of the feud, but has since found strong support.

However, statements from Trump and Musk continue to fuel uncertainty. Shares of Tesla and Trump Media fell by 17% and 8% respectively on Thursday after Elon Musk accused Donald Trump of being included in the Epstein files and therefore not making them public. To be continued.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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