BREAKING: Elon and Trump CLASH as Bitcoin Price Crash
Elon Musk and Donald Trump’s public feud on X has sent shockwaves through the crypto market, causing a 3% drop while Bitcoin falls 1.7% to $102,000.
The Elon Trump Fight Erupts on X
On June 5, 2025, Elon Musk set off a firestorm on X with a bombshell accusation against Donald Trump, alleging the President’s involvement in the Jeffrey Epstein files and claiming this as the reason for their non-disclosure. The post, made at 19:10 UTC, sparked immediate backlash and market reactions.
This wasn’t a one-off jab. Over the past dozen tweets, Musk has relentlessly targeted Trump, a sharp pivot from their earlier alliance when Musk called himself Trump’s “first buddy,” as reported in a May 2025 New York Times article. Their rift appears fueled by policy disagreements—Musk criticized Trump’s legislation for inflating the national deficit—and personal grudges, including Musk’s frustration over a rival AI data center deal in the Middle East.
From Allies to Enemies: The Elon Trump Feud Escalates
Tensions have been simmering for months. Musk distanced himself from Trump’s administration in May 2025, leaving his role in DOGE (Department of Government Efficiency) to focus on his companies, according to the BBC. Despite White House claims of them remaining on “good terms,” Musk’s recent X posts tell a different story. Just ten minutes after his Epstein claim, Musk doubled down with a cryptic follow-up.
The crypto community on X has been vocal, with reactions ranging from skepticism to concern over the market fallout. Some users questioned Musk’s timing, while others argued such information would have surfaced earlier if true. The public nature of this feud has not only amplified its political impact but also rattled financial markets, particularly crypto.
Elon Crypto Shift: From Dogecoin to Uncertainty
Elon Musk has long been a crypto influencer, famously driving Dogecoin’s price surges with his tweets. Tesla’s 11,509 Bitcoin holdings since 2021, as reported by InsideBitcoins in May 2025, also highlight Musk’s crypto influence. However, his recent X activity shows a shift—there’s little mention of Dogecoin or meme coins, a stark contrast to his earlier enthusiasm. Some speculate Musk is stepping back from speculative assets amid his feud with Trump, focusing instead on his businesses like Tesla and SpaceX.
This shift couldn’t come at a worse time for the crypto market. Musk’s influence on prices is well-documented, with Forbes noting his past warnings about meme coin crashes threatening Bitcoin. If Musk continues to distance himself from crypto advocacy, it could further dampen retail investor enthusiasm for altcoins like Dogecoin, which have historically relied on his endorsements.
Trump’s Bitcoin Push: A Crypto Contrast
Meanwhile, Trump has doubled down on his pro-Bitcoin stance. Since returning to power, Trump has hosted a crypto summit at the White House in March 2025, vowing to make the U.S. the “crypto capital of the planet,” according to PBS News. His administration has eased regulations, with the SEC dropping lawsuits against crypto firms, and Trump’s vision includes a federal crypto reserve, signaling strong support for Bitcoin and other major digital assets.
This pro-Bitcoin agenda puts Trump at odds with Musk’s apparent cooling on crypto. While Musk once shared Trump’s deregulatory zeal—defending his DOGE role by saying, “The people voted for major government reform” (BBC, December 2024)—their public spat could disrupt crypto policy momentum. Investors fear that if Musk’s attacks escalate, Trump might push harder on Bitcoin to counter Musk’s influence, potentially sidelining altcoins Musk once championed.
How the Elon Trump Fight Affects Crypto Markets
The Elon Trump fight has already taken a toll on the crypto market. Following Musk’s explosive post on June 5, 2025, the broader crypto market dropped by 3%, while Bitcoin saw a 1.7% decline, bringing its price to $102,000. Analysts are sounding the alarm, warning that if tensions between Musk and Trump continue to escalate, Bitcoin could breach below the $100,000 mark—a psychological threshold for investors.
BTC/USD 2-hours chart - TradingView
The uncertainty is palpable. If Musk’s feud with Trump leads him to criticize Bitcoin or crypto broadly, prices could plummet further—his past tweets have crashed markets before. Conversely, Trump’s Bitcoin focus might attract institutional investors, potentially stabilizing its price in the long term but leaving altcoins vulnerable. For now, the crypto community remains on edge as this high-profile clash unfolds, with markets hanging in the balance.
$BTC $TSLA $TRUMP $ELON $DOGE
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
The Elon Trump Fight Erupts on X
On June 5, 2025, Elon Musk set off a firestorm on X with a bombshell accusation against Donald Trump, alleging the President’s involvement in the Jeffrey Epstein files and claiming this as the reason for their non-disclosure. The post, made at 19:10 UTC, sparked immediate backlash and market reactions.
This wasn’t a one-off jab. Over the past dozen tweets, Musk has relentlessly targeted Trump, a sharp pivot from their earlier alliance when Musk called himself Trump’s “first buddy,” as reported in a May 2025 New York Times article. Their rift appears fueled by policy disagreements—Musk criticized Trump’s legislation for inflating the national deficit—and personal grudges, including Musk’s frustration over a rival AI data center deal in the Middle East.
From Allies to Enemies: The Elon Trump Feud Escalates
Tensions have been simmering for months. Musk distanced himself from Trump’s administration in May 2025, leaving his role in DOGE (Department of Government Efficiency) to focus on his companies, according to the BBC. Despite White House claims of them remaining on “good terms,” Musk’s recent X posts tell a different story. Just ten minutes after his Epstein claim, Musk doubled down with a cryptic follow-up.
The crypto community on X has been vocal, with reactions ranging from skepticism to concern over the market fallout. Some users questioned Musk’s timing, while others argued such information would have surfaced earlier if true. The public nature of this feud has not only amplified its political impact but also rattled financial markets, particularly crypto.
Elon Crypto Shift: From Dogecoin to Uncertainty
Elon Musk has long been a crypto influencer, famously driving Dogecoin’s price surges with his tweets. Tesla’s 11,509 Bitcoin holdings since 2021, as reported by InsideBitcoins in May 2025, also highlight Musk’s crypto influence. However, his recent X activity shows a shift—there’s little mention of Dogecoin or meme coins, a stark contrast to his earlier enthusiasm. Some speculate Musk is stepping back from speculative assets amid his feud with Trump, focusing instead on his businesses like Tesla and SpaceX.
This shift couldn’t come at a worse time for the crypto market. Musk’s influence on prices is well-documented, with Forbes noting his past warnings about meme coin crashes threatening Bitcoin. If Musk continues to distance himself from crypto advocacy, it could further dampen retail investor enthusiasm for altcoins like Dogecoin, which have historically relied on his endorsements.
Trump’s Bitcoin Push: A Crypto Contrast
Meanwhile, Trump has doubled down on his pro-Bitcoin stance. Since returning to power, Trump has hosted a crypto summit at the White House in March 2025, vowing to make the U.S. the “crypto capital of the planet,” according to PBS News. His administration has eased regulations, with the SEC dropping lawsuits against crypto firms, and Trump’s vision includes a federal crypto reserve, signaling strong support for Bitcoin and other major digital assets.
This pro-Bitcoin agenda puts Trump at odds with Musk’s apparent cooling on crypto. While Musk once shared Trump’s deregulatory zeal—defending his DOGE role by saying, “The people voted for major government reform” (BBC, December 2024)—their public spat could disrupt crypto policy momentum. Investors fear that if Musk’s attacks escalate, Trump might push harder on Bitcoin to counter Musk’s influence, potentially sidelining altcoins Musk once championed.
How the Elon Trump Fight Affects Crypto Markets
The Elon Trump fight has already taken a toll on the crypto market. Following Musk’s explosive post on June 5, 2025, the broader crypto market dropped by 3%, while Bitcoin saw a 1.7% decline, bringing its price to $102,000. Analysts are sounding the alarm, warning that if tensions between Musk and Trump continue to escalate, Bitcoin could breach below the $100,000 mark—a psychological threshold for investors.
BTC/USD 2-hours chart - TradingView
The uncertainty is palpable. If Musk’s feud with Trump leads him to criticize Bitcoin or crypto broadly, prices could plummet further—his past tweets have crashed markets before. Conversely, Trump’s Bitcoin focus might attract institutional investors, potentially stabilizing its price in the long term but leaving altcoins vulnerable. For now, the crypto community remains on edge as this high-profile clash unfolds, with markets hanging in the balance.
$BTC $TSLA $TRUMP $ELON $DOGE
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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