Bitcoin Holds Strong Above $105K Despite Trump-Musk Political Turbulence

TL;DR

• Bitcoin (BTC) surged to $105,786, gaining 1.13% in 24 hours.
  
• The move came despite Donald Trump’s threats against Elon Musk over potential political funding.
  
• Traders shrugged off the feud, confirming Bitcoin’s growing status as a non-correlated macro asset.
  
• Technical indicators reveal strong buyer support and a bullish price channel intact.
  

Bitcoin’s Resilience in a Politically Charged Weekend

Bitcoin showed notable strength on June 7, 2025, bouncing off the $104,624 level and reclaiming territory above $105,000, despite significant political noise in the United States. Former President Donald Trump issued a direct warning to Elon Musk, threatening “serious consequences” if the Tesla and SpaceX CEO were to fund Democratic candidates opposing the GOP budget proposal.

In a combative interview with NBC News, Trump made it clear that any political involvement by Musk against Republican allies would not be tolerated, stating:

“If he does, he’ll have to pay very serious consequences.”

Despite the implications of such a high-profile rift, Bitcoin remained unfazed. Market participants saw the coin’s ability to absorb this shock without losing support as further proof of its detachment from traditional political risk.

Bitcoin Price Performance

Trump-Musk Fallout: Why Crypto Stayed Immune

Trump’s comments marked a clear escalation in his once-amicable relationship with Musk. When asked whether he wanted to repair the relationship, the former President bluntly replied:

“No… I would assume so, yeah,” when asked if the rift was permanent.

While this political feud might have unnerved traditional markets—particularly those linked to Tesla, X (formerly Twitter), or Neuralink—Bitcoin’s relative immunity reinforces its appeal among investors looking for macro-safe exposure.

With equities vulnerable to Washington’s fiscal policies and regulatory shakeups, Bitcoin is increasingly being seen as a hedge against institutional dysfunction, especially during election years and partisan divides.

Technical Outlook: Support, Resistance, and Momentum

Despite the broader market tension, BTC respected key technical levels over the weekend:

• Support Zone: $104,800—confirmed by high-volume buying activity.
  
• Resistance Flip: The breakout over $105,200 turned into support.
  
• Volume Highs: Transaction spikes occurred at 13:43 and 13:53 UTC, with volume peaking at 378 BTC.
  
• Structure: An ascending price channel remains intact, suggesting BTC is in a short-term bullish trend.
  
• Consolidation: Between $104,300–$104,600 before the final move to $105,786.
  

This structure signals bullish continuation, unless political news drives unexpected volatility into next week.

A Political Feud with Market Implications?

Trump’s remarks are especially notable given Musk’s increasing political donations and vocal engagement on AI regulation, free speech, and climate policy.

While Musk hasn’t publicly declared support for Democratic challengers, his positions have drawn attention from both sides of the aisle. For crypto investors, the divide between tech billionaires and political institutions poses both regulatory risk and market opportunity.

If traditional capital becomes constrained by political retaliation, decentralized finance (DeFi) and peer-to-peer assets like Bitcoin may benefit from a reallocation of funds.

What This Means for the Broader Crypto Market

Despite a turbulent political news cycle, Bitcoin’s price action suggests it is being treated more like digital gold—a neutral reserve asset in a fractured macroeconomic landscape.

Key takeaways:

• BTC is resilient to political headlines and individual rivalries.
  
• Institutional buying support is visible at technical breakout zones.
  
• The market is likely anticipating a gridlocked government unable to pass sweeping crypto-hostile legislation.
  

Final Thoughts

As the 2024 U.S. presidential race intensifies, the Trump-Musk standoff is a potent reminder of how quickly political relationships can shift. But while traditional markets may flinch, Bitcoin’s reaction was clear: no reaction at all.With $105,000 holding as a support floor, crypto bulls appear firmly in control. All eyes now turn to next week’s inflation data and potential SEC ETF commentary for further direction.