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June 6, 2025

Bitcoin’s $100K Threshold Tested Amidst Musk Trump Controversy

A political drama involving key figures Musk and Trump sends ripples through the market, as Bitcoin’s position at the $100,000 mark hangs in the balance. Recent events have resulted in a $1 billion liquidation across the crypto realm, creating uncertainty around Bitcoin’s ability to maintain its crown. Traders are on the lookout as Bitcoin battles rising volatility. Analysts highlight critical resistance levels while warning that any shifts in market sentiment could lead to sharp declines. Investors must act prudently, given the ongoing turbulence and external pressures affecting price stability. The coming days will prove crucial in determining Bitcoin’s trajectory in this unpredictable environment.

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