The total capitalization of the cryptographic market decreased around $ 170 billion in a drop to $ 3.26 billion on June 5, its lowest level since May 8, almost a month ago.
The markets are now prepared for a larger fall below the levels in the longest term if the current support levels are broken down. However, the decrease was slowed during the first operations in Asia on Friday morning, with a recovery less than $ 3.3 billion.
Donald vs Elon
The strong decline seems to have been promoted by a dispute between the president of the United States, Donald Trump, and the technological billionaire Elon Musk, who saying The tariffs of the first “will cause a recession in the second half of this year”, and “Congress is spending the United States in bankruptcy!” June 5.
As the Word of Words intensified in each of their respective social networks networks, and the joke collapsed, Musk also saying:
“In the light of the President’s statement about the cancellation of my government contracts, Spacex will begin to dismantle its dragon spacecraft immediately.”
In the light of the President’s statement on the cancellation of my government contracts, @Spacex will begin to dismantle your dragon spacecraft immediately pic.twitter.com/ng9sijjkgw
– Elon Musk (@elonmusk) June 5, 2025
For more than a week, Elon Musk has been destroying Trump’s exclusive legislation, a bill of expenses called a large bill.
“I don’t care that Elon turns against me, but he should have done it months ago. This is one of the best bills that are presented to Congress.” saying Trump in social truth.
However, the clearly irritating billionaire Tesla Ceo did not stop there, declaring in X that it was “time to drop the great bomb: Donald Trump is in Epstein’s archives.”
“That is the real reason why they have not become public. You have a good day, Djt!”
Breaking: The former head of the White House of President Trump, Steve Bannon, asks Elon Musk to be deported, according to Ny Times.
– Kobeissi’s letter (@kobeissiletter) June 5, 2025
The couple began to cool Latado Thursday with Musk’s admissions that it can be time to reconcile.
$ 1b in liquidations
There have been almost $ 1 billion in cryptographic settlements in the last 24 hours, according A mudas. Around 228,000 merchants were shipwrecked, almost 90% of them in long BTC positions, and total liquidations were around $ 988 million, he said.
However, analysts had predicted that a leverage flushout was late, with an open interest in Bitcoin futures markets that reached the maximum of all time recently.
Bitcoin lost almost $ 5,000 in a matter of hours, falling to a minimum of 4 weeks just below $ 101,000 in the late negotiation on Thursday. However, he found support there and recovered marginally to reach $ 102,800 during the Asian negotiation on Friday.
The analyst “Crypnuevo” said that a quick rebound of this level was unlikely and that more consolidation could occur, unless the mass sale accelerates.
$ BTC update:
The plan is developing so far!
Let’s see if this psychological support ($ 100K) can maintain.
A fast rebound is unlikely in my opinion. I would expect that, in the best case, a small consolidation in this area before any interesting movement can be the case, unless we break it below. pic.twitter.com/cib1kpjt8i
– Crypnuevo (@Crypnuevo) June 5, 2025
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