The legendary Trump-Musk fallout that led to $170 billion being wiped from the market within a span of 24 hours now seems to be fading a bit. Testaments to this are the removal of Musk’s tweet that said Trump’s name is in the Epstein files.
As investors have “grown out of this feud,” attention has been put again on what’s clearly more important – Bitcoin’s future, which has led the BTC price to come back on track. The bounce has once again put Bitcoin around $105K again. While it is still $6K below its all-time high, it is better than before.
Attention has been put on this price action by Crypto Kaleo, who posted that BTC has officially fully erased the dip from the Trump-Elon argument.
Trump-Elon War on X – The Event That Shook the Market (For a Day)
The argument between Elon Musk and Donald Trump, which started with Trump putting the “Big Beautiful Bill” forward and Elon Musk arguing that one cannot just put every single rule in one bill, turned into a full-blown Twitter war.
Simple words like “disgusting abomination” were used by Elon Musk right after he claimed that he was the one responsible for getting Donald Trump elected.
“I would have won Pennsylvania despite Elon Musk,” Trump said in the speech that followed, completely ignoring the impact Elon owning Twitter has had in shaping people’s narratives.
Nevertheless, it all came to a head when Elon finally tweeted that Trump’s name is in the Epstein files, which led to more war of words and threats of revoking government contracts.
All of this led to fear emerging in the market, pushing the sentiment needle from greed to neutral, bringing Bitcoin down to the five-digit price level and wiping $170 billion from the market.
However, the power of Bitcoin lies with its people and institutions. One user on X expressed his faith in BTC by stating that the world’s largest crypto doesn’t argue: it invades, corrects, and reclaims its territory.
And what they say is true. Following the dip, the Bitcoin price bounced by more than 5%. A deeper analysis of the BTC price chart in the 4-hour interval shows that Bitcoin has started to close above the 200 EMA, which indicates that the market is still pretty much in the green.
As long as there is no further political mishap like the Elon-Trump issue, chances are high that Bitcoin will continue to accumulate around the current level.
Additionally, the same chart shows that the 50-period moving average is crossing above the 200-period moving average, forming a Golden Cross: a bullish pattern that could signal Bitcoin’s potential to sustain upward momentum.
Coming back to the Elon-Trump feud, many are wondering if Elon removing the Epstein tweet means reconciliation is in the cards. Trump has said no. “Elon and I had a great relationship; I don’t know if we will anymore,” the US President said.
Best Crypto to Buy Now with Bitcoin Being Back on Track
With Bitcoin getting back on track, now is the time to refocus one’s attention towards investments that could bring big gains in the coming days.
BTC Bull
Bitcoin coming back on track would have the most impact on the meme coin market, like it always does. However, BTC Bull has created a project that removes speculation from this impact and has made it definite.
The mechanics are simple: follow Bitcoin’s growing trend and unlock core mechanics. When Bitcoin reaches $125K, burn a small amount of BTC Bull tokens, and when it reaches $150K, airdrop Bitcoins.
Considering the golden cross that the BTC price has made already suggests Bitcoin reaching $150K, BTC Bull could end up being one of the ways people earn Bitcoin for free.
Additional quirks about BTC Bull emerge from its simple memes. While they don’t necessarily offer jokes or provide deep market insights in the form of comedic posts, they are capable of delivering the bullish feeling that BTC Bull has been built around.
Users like NASS CRYPTO have called BTC Bull one of the best Bitcoin presales already, which is a valid argument since the project has raised close to $7 million to date.
Bitcoin Hyper
People’s faith in what the future could be with Bitcoin as the primary currency is what drives its value among retail and institutional investors. Therefore, those seeking utility are driven away from BTC.
Bitcoin Hyper aims to change this scenario thanks to its L2 solution that could make Bitcoin a utility token as well. Bitcoin Hyper adopts three technologies to make Bitcoin more utility-centric.
The first one is the L2 scaling solution, which will reportedly help Bitcoin transactions become faster and more scalable thanks to an Ethereum-like environment.
Solana Virtual Machine integration is the second technology that Bitcoin Hyper has integrated to let creativity flow freely within the Bitcoin network. Decentralized applications based on Bitcoin could be created thanks to SVM.
And the final highlight of the project is the Canonical Bridge, which Bitcoin Hyper has made in-house to bridge the gap between its blockchain and the Bitcoin network.
The official whitepaper of the project has gone into deep detail to highlight how these technologies will interact with each other. These use cases, despite the fact that Bitcoin Hyper is primarily a meme coin, are what make it special.
Bitcoin Hyper being the first Layer 2 for the Bitcoin blockchain is one of the reasons why Crypto Boy has called it the next 100x gem.
Bitcoin
The final pick for this “best crypto to buy now” list is the obvious one – Bitcoin. Bitcoin stands strong as the most sought-after cryptocurrency on the market, and even altcoin investors often focus on other cryptos only to gain enough wealth to become one of the Bitcoin whales.
Whale accumulation by institutional investors such as Strategy is the reason why Bitcoin has continued to perform admirably.
Governments are planning to create Bitcoin reserves, companies are taking a Bitcoin-first approach, and even the most skeptical institutions are no longer putting Bitcoin in the rearview. Donald Trump’s presidency and Elon and Trump’s former friendship have been key aspects that have driven the BTC price up to its recent highs.
The Bitcoin price has broken from its descending channel thanks to the bulls gaining control of the market despite the Trump-Elon feud. $103K currently acts as Bitcoin’s crucial support. As long as Bitcoin is able to accumulate above this level, investors can hope for an upward trend to establish. However, the breakdown of this support could push the BTC price back into the five-digit territory, which people are afraid of the most.
Conclusion
Donald Trump and Elon Musk’s feud is not cooling off, and both sides aren’t willing to budge. While jokes are being made about the “billionaire dads fighting,” the impact of this war on the market has been real.
However, the bounce shows that people know Bitcoin’s worth is a lot more than the President of the US or any billionaire. It shows people’s faith in the world’s largest crypto. And even though the market remains volatile, Bitcoin and other assets similar to it could easily be added to anyone’s “best crypto to buy now” list.
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