#treadingtopic101 #TreadingType101 #CryptoFee101 #CEXvsDEX101đ„ #OrderTyper101 $ETH $SOL $ETH The fall of doge and Tesla coin due to the alon musk and Dolan trump
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Here's whatâs happening:
đ Why Dogecoin and âTesla Coinâ are falling
1. Dogecoin slump amid MuskâTrump clash
Over the past week, Dogecoin has dropped about 12%, including ~7% just on June 6, directly tied to the escalating public feud between Elon Musk and Donald Trump businessinsider.com+15coindesk.com+15coindesk.com+15.
As Trump threatened to pull subsidies and Musk publicly denounced Trumpâs budget bill, investor sentiment shifted. A classic bearish "bear-flag" chart pattern suggests DOGE could perhaps fall as low as $0.06âa potential drop of ~66% tradingview.com+2cointelegraph.com+2dig.watch+2.
2. MuskâTrump feud slams Tesla (and Tesla Coin)
Tesla shares plunged about 14%, wiping out ~$150âŻbillion in market value in a single trading session after the MuskâTrump fallout ïč Tesla down ~17% intraday youtube.com+3newsweek.com+3economictimes.indiatimes.com+3.
That crash dragged down related meme tokens like Trump Coin, which fell ~10% overnight r-bloggers.com+15coinpedia.org+15coingape.com+15.
đ The Catalyst: Public Farming by Billionaires
Musk called Trumpâs bill the âBig Ugly Bill,â calling for impeachment. Trump hit back with threats to cut federal contracts from Muskâs companies, notably Tesla and SpaceXÂ forbes.com+15cointelegraph.com+15wired.com+15.
As both sides escalated, investor confidence in assets connected to Musk or Trump tanked.