The cryptocurrency market experienced a notable downturn following a public dispute between Elon Musk and Donald Trump. Over the past 24 hours, Bitcoin (BTC) declined by more than 3%, falling below $101,000, while Ethereum (ETH) dropped over 7%. This market turbulence led to the liquidation of approximately 227,300 traders, with total liquidations nearing $1 billion. Data from Coinglass indicates that within 12 hours, liquidations amounted to $859 million, including $792 million in long positions and $66 million in short positions. Centralized exchanges accounted for $978 million in liquidations over the same period. The broader crypto market lost $124 billion in value on Friday, with major tokens such as Bitcoin, Ethereum, and Dogecoin experiencing sharp declines. Consequently, the total cryptocurrency market capitalization fell by 3.77% to $3.18 trillion, although Bitcoin maintained a market dominance of over 63%. The market sell-off was attributed to shaken investor confidence amid the high-profile feud between Musk and Trump.