On July 1, the total altcoin market cap fell below 1.30 trillion USD, influenced by ongoing political tensions. Ethereum, Solana, and XRP show weak price movements, failing to breach critical technical barriers, marking the lowest performance against Bitcoin in over two years.
Political tensions escalate as Elon Musk and Donald Trump engage in a public feud over spending legislation. Their conflict adds a layer of unpredictability to the market, potentially stalling recovery efforts for major altcoins as political sentiment further complicates investor confidence.
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