A public fallout between Donald Trump and Elon Musk has sent ripples through financial markets, notably impacting the cryptocurrency sector. The dispute intensified during a White House meeting on June 5, leading to a sharp reaction in the markets. Bitcoin briefly dipped to $100,783, with over $324 million in Bitcoin longs liquidated, while the broader crypto market fell nearly 5%. The $TRUMP meme coin also saw a 10% decline. Tesla shares closed 14% lower amid concerns over potential risks to federal subsidies and contracts. The clash underscores the influence of political dynamics on market stability, as Musk's political maneuvers and Trump's response introduce new uncertainties.