Trump-Musk spat sees Bitcoin tumble, liquidating $308M in longs
Bitcoin long traders took a hit over the past 24 hours amid Bitcoin’s price dwindling amid broader macroeconomic tension and continued sell-offs by long-term holders.
Investors who went long on Bitcoin saw significant losses over the past 24 hours as the cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level.
The price decline comes as the feud between US President Donald Trump and billionaire Elon Musk intensifies, and those holding Bitcoin (BTC) for over 155 days keep selling to lock in profits.
Over the past 24 hours, Bitcoin reached $105,915 before falling to $100,500 within a matter of hours, according to CoinMarketCap. At the time of publication, Bitcoin is holding at $102,180.