The ongoing feud between Elon Musk and Donald Trump has led to significant turmoil in the cryptocurrency market, resulting in over $1 billion in liquidations. On June 6, 2025, Bitcoin and various altcoins saw prices plummet by 4% to 10%, underscoring the market's volatility and sensitivity to external influences. This incident highlights the substantial impact that high-profile figures can have on market dynamics and the inherent risks associated with cryptocurrency investments.