Trump-Musk rift shakes crypto and markets
Investor fear surged as political tensions rattled both crypto and stock markets.
Bitcoin exchange-traded funds in the United States faced $278 million in outflows on 5 June, reversing gains made earlier in the week. The shift followed a public feud between Donald Trump and Elon Musk, sparking wider uncertainty across markets.
The Cryptocurrency Fear & Greed Index dropped to ‘Fear’ on 6 June, as both Tesla and Trump Media shares also fell sharply.
The recent ETF downturn added to previous losses totalling $1.2 billion between 29 May and 2 June. Among the hardest hit was ARK 21Shares Bitcoin ETF, which recorded $102 million in outflows. No Bitcoin ETFs saw any inflows that day, highlighting…
