The cryptocurrency market is down on June 6 due to the intensifying Trump-Musk feud, significant long liquidations, and a weak technical structure.
Key points:
The total crypto market cap fell 2.30% to $3.21 trillion on June 6, fueled by the Trump-Musk feud.
Over $980 million in crypto futures liquidated, with $874 million in longs reinforcing the intensity of the selling pressure.
