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06/08 11:09

Bitcoin Holds Above $105K Despite Donald Trump’s T

Bitcoin Holds Above $105K Despite Donald Trump’s Threats Against Elon Musk



Bitcoin remains above $105K as Trump threatens Elon Musk in a high-profile feud, showing crypto's resilience amid political drama and rising market tension.

  • BTC gained 1.13% in the past 24-hour period, climbing from $104,624 to $105,786.
  • Trump threatened “serious consequences” for Musk if he funds Democratic candidates, intensifying a public feud.
  • Despite political tension and market risks, BTC held above $105K with bullish volume confirming investor resilience.Bitcoin 
     held firm above $105,000 on Saturday despite an unusually combative and personal escalation in the Trump-Musk feud that could rattle traditional markets next week.

    On Saturday, in a phone interview with NBC News, President Trump warned that there would be “serious consequences” if Elon Musk financially backed Democratic candidates running against Republicans who support the GOP’s budget bill. “If he does, he’ll have to pay the consequences for that,” Trump said, adding later, “He’ll have to pay very serious consequences if he does that.”

    Trump, who has often boasted of past support from Musk, firmly dismissed the idea of mending ties. “No,” he said when asked whether he wished to repair the relationship. “I would assume so, yeah,” he added when asked if the rift was permanent.Despite the intensifying feud between two of the most influential figures in U.S. politics and technology, Bitcoin remained unfazed. The cryptocurrency held onto earlier gains and continues to trade near weekly highs. The market's composure suggests that traders may increasingly view BTC as a hedge against institutional dysfunction, or at least as an asset insulated from the partisan fallout that tends to impact equities more directly.

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