- madmax
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Bitcoin maintained a price above $105,000 on June 7, 2025, despite escalating political tensions between Donald Trump and Elon Musk. Trump publicly threatened Musk with “serious consequences” if Musk financially supports Democratic candidates opposing Republicans backing the GOP budget bill, signaling a deepening feud. Nonetheless, Bitcoin demonstrated market resilience, gaining 1.13% within 24 hours from $104,624 to $105,786, supported by strong trading volume and technical indicators such as breaking resistance at $105,200 and forming a bullish ascending price channel. The digital asset’s stability amidst political drama suggests growing investor confidence in Bitcoin as a hedge against traditional market uncertainties and partisan conflicts. The article integrates AI-assisted analysis reviewed by human editors for accuracy.
