ETH, which has lost 5.38% in the last 24 hours and at the time of writing, is among the day's decliners.
The tension between Donald Trump and Elon Musk in the last 24 hours has caused a huge fluctuation in the cryptocurrency market. The debate, which started with Trump's threat to cut state support to Musk and escalated with Musk accusing Trump over the Epstein files, increased investors' risk perception and caused sharp sales in the market.
While Bitcoin fell to $100,500 and Ethereum to $2,380, approximately $984 million was liquidated in leveraged transactions. Bitcoin and Ethereum were the most liquidated assets. Following these developments, the ETH price may also have been negatively affected.
