From Yahoo Finance: 2025-06-06 01:32:00

A Twitter feud between Trump and Musk causes global market uncertainty. Bitcoin falls below $101,000, with DOGE and ADA down over 6%. $988 million in liquidations, $888 million in long positions wiped out. Bybit and Binance hit hardest, with Bybit seeing $354 million in liquidations. Bitcoin leads liquidations at $342 million, followed by Ether at $286 million. Solana and Dogecoin also hit. XRP sees $23 million in positions wiped out, high-leverage memecoins add to volatility. Liquidations occur when traders can’t meet margin requirements, indicating market extremes. Trump accuses Musk, Musk retaliates, overshadowing recent bullish trend in crypto markets.



Read more at Yahoo Finance: Bitcoin, Ether Bulls Hit With $800M Liquidation as Trump-Musk Tussle Rattles BTC, ETH