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Nearly $1 billion liquidated as Bitcoin recovers from $100k dip during Elon Musk, Donald Trump breakup

End of the 'bromance' between Musk and Trump sends shockwaves through Bitcoin and Tesla markets.

CryptoSlate

Jun 6

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Happy Friday!

Crypto markets saw major swings today as nearly $1 billion was liquidated when Bitcoin briefly dipped below $100,000, sparked by the high-profile split between Elon Musk and Donald Trump. As the broader market faced pressure from Federal Reserve moves, Bitcoin struggled to stay above $102,000. Meanwhile, Circle’s stock made headlines by soaring 234% in under 30 minutes after its NYSE debut, causing multiple trading halts as CRCL shot past $103. Get the full story in today’s top headlines.

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The global crypto market cap is $3.28 trillion, with a 24-hour volume of $145.58 billion. The price of Bitcoin is $105,225.05, and BTC market dominance is 63.7%. The price of Ethereum is $2,527.05, and ETH market dominance is 9.3%. The best-performing sector is Communication, which gained 6%. The Crypto Fear & Greed Index is currently Fear (45).