The tension between U.S. President Donald Trump and billionaire Elon Musk is escalating, as both publicly attack each other over the “One Big Beautiful Bill” — a major tax proposal currently under review by Congress, which Trump views as a key legislative milestone for his new term.
Elon Musk has strongly opposed the bill being drafted by the Trump administration, claiming it would increase the U.S. national debt by several trillion dollars.
The controversy has sent shockwaves through the crypto market, causing Bitcoin’s price to plummet from $105,900 to $100,400 — its lowest level in nearly a month.
Several major altcoins also took a hit: Ethereum dropped 7.08%, Dogecoin fell 9.08%, and Cardano declined 6.23%.
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