The post Cardano Price Prediction: Is a Breakout Rally Coming in June? appeared first on Coinpedia Fintech News The Cardano price fell nearly 10% last night due to the liquidation of numerous long positions. However, as bullish sentiment rises with the restart of trade talks between the U.S. and China, many altcoins have experienced upward momentum. ALso, the U.S. jobs reports is out that shows 139,000 jobs added in May, which has crossed the 126k forecast. Notably, as a result of the optimism, the ADA price is on fire and has rebounded with a 4.50% gain in intraday trading on June 6th. So, what does the recent intraday advancement mean for ADA coin’s future trajectory? Was yesterday’s breakdown a false signal to capture last month’s traders’ liquidity, and now it is aiming big for June? Get all your answers down below. Keep reading. Does Cardano Price Have Potential for a Breakout? The performance of ADA coin over the past six months has left many investors disappointed, as it consistently struggles under the weight of geopolitical tensions. Since its last major update regarding the Plomin hard fork in January, ADA crypto has eroded over 50% of its Q4 gains, consistently hovering below key resistance levels. $2 Cardano will happen fast just when Cardano makes its entry into the bull market. People will be like…”ummm what?” I tell you this now when it’s unpopular to say. People will be loud in the comments and yell at me. But bookmark this. We can learn that the data was sound. — Dan Gambardello (@cryptorecruitr) June 6, 2025 However, recent projections are sparking buzz about a potential breakout for Cardano. Expert Dan Gambardello shares this optimism, noting on X that “$2 Cardano will happen fast just when it makes its entry into the bull market”. His words suggest that if ADA clears resistance at $0.694 and $1.10, it could signal a sustained rally upward. On Daily Chart: The Latest Move Was Correction, Not Crash Analyzing the daily chart reveals that ADA price has been trapped in a falling parallel channel since Q1. In Q2, after losing more than 50% of its value, the decline halted thanks to a robust support zone around $0.6050, which has been tested multiple times. Despite a recent scare from a breakdown of a three-month symmetrical triangle near this high-volume level, ADA crypto’s intraday turnaround of 4.50% suggests that the breakdown may have been a false alarm. The current price level appears too strong to break just yet. If ADA coin gains momentum, it could retest the $1.10 mark by June-end. However, if momentum remains balanced, it may consolidate at its current level. But, a breach of the $0.6050 support could be a catastrophic, as it directly lead to further declines, with $0.55 and $0.40 as critical support levels to monitor.
The US trade deficit plummeted by $76.7 billion in April following the rollout of the Trump Administration’s wave of tariffs. The total goods and services deficit was $61.6 billion in April, down from $138.3 billion in March, per a new report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The US clocked $289.4 billion worth of exports in April, $8.3 billion more than March, and $351.0 billion worth of imports, which was $68.4 billion less than the previous month. “The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $75.2 billion to $87.4 billion and an increase in the services surplus of $1.5 billion to $25.8 billion. Year-to-date, the goods and services deficit increased $179.3 billion, or 65.7 percent, from the same period in 2024. Exports increased $58.4 billion or 5.5 percent. Imports increased $237.8 billion or 17.8 percent.” The US trade deficit skyrocketed in March as consumers and businesses stockpiled ahead of Trump’s tariffs. The future of those tariffs remains uncertain as rulings about their legality ping-pong back and forth through the US court system. Last week, the United States Court of International Trade (CIT) ruled that many of the duties exceed the authority granted to the president by the International Emergency Economic Powers Act (IEEPA). The federal court struck down Trump’s April 2nd executive order establishing tariffs against 57 countries worldwide and several follow-up executive orders modifying the duties’ rates and start dates. The CIT also axed a slew of earlier tariffs Trump had applied to Mexico, Canada and China, which he claimed were retaliation for failing to stop the flood of illegal narcotics into the US. The Trump Administration immediately appealed the CIT’s ruling and requested a stay on the judgment, which the U.S. Court of Appeals for the Federal Circuit granted . Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Trade Deficit Plummets by $76,700,000,000 in April Following the Rollout of Trump’s Tariffs appeared first on The Daily Hodl .
Losing traction over the past few weeks, Pepe appears to be reaching a crucial support level after shedding over 20% of its value in two weeks. It currently looks weak, but the bulls are likely to come back soon. The late last month’s downturn has led several other meme coins into a serious correction phase after experiencing a major recovery within the period of a month. Pepe is not left behind as it now slowly approaches a crucial support level, broken as resistance during the early May upsurge. While it has taken a slight break in the selling due to a minor recovery in the past few hours, there’s still room for more drawdowns on the daily scale. A retest at the mentioned broken resistance could trigger a fresh buy capable of bringing the bulls back on track on the short-term scale. However, a careful look at the recent price actions suggests that Pepe is still under a correction phase as it maintains a lower low and lower high pattern on the 4-hour timeframe – more drops are expected! Even though the price manages to rebound, it must reclaim last month’s resistance level before we can consider a bullish continuation pattern of the higher high and higher low pattern initiated in March. Technically, there’s still hope for the bulls from a short-term perspective. Pepe’s Key Levels To Watch Source: Tradingview As Pepe’s correction approaches a key support of 0.0000098, the lower level to watch for a rebound is $0.00000835 in case of a rebound. If the price rolls over, the $0.000007 and $0.000005 levels are lower supports to keep in mind. Rebounding above the weekly $0.000013 high could allow a recovery to the $0.0000154 resistance before surging to $0.000018 and $0.0000219. Key Resistance Levels: $0.000013, $0.0000154, $0.000018 Key Support Levels: $0.0000098, $0.00000835, $0.000007 Spot Price: $0.000011 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The crypto economy has shown modest signs of recovery since Thursday, though it remains 2.16% lower over the past 24 hours, hovering near the $3.25 trillion mark. Bitcoin, too, has been attempting a gradual climb, with bullish traders breaking through the $104,000 barrier. Crypto Swings Wild as Bitcoin Teeters Around $104K, Altcoins Record Bigger Wins
First Digital Labs has officially launched FDUSD on Arbitrum, Ethereum’s premier Layer-2 network, enhancing the stablecoin’s multi-chain footprint and optimizing transaction efficiency. This strategic expansion addresses Ethereum’s scalability challenges by
The Ethereum (ETH) price experienced a significant decline on Thursday, falling over 7% and approaching the $2,400 mark. However, expert analysis suggests that a new bullish trend may soon emerge for the second-largest cryptocurrency. Key Metrics Indicate Accumulation By Larger Investors Market analyst Lark Davis took to social media platform X (formerly Twitter) to share insights on Ethereum’s potential. He noted that various on-chain metrics and market behaviors indicate an impending breakout for the ETH price. Notably, Ethereum has been outperforming Bitcoin (BTC) in the second quarter of the year, suggesting growing investor confidence. The recent Pectra upgrade has improved Ethereum’s scalability and reduced its inflation rate, making it more attractive to investors. Related Reading: Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over Additionally, the expert highlights that with exchange balances hitting seven-year lows and substantial inflows into Ethereum exchange-traded funds (ETFs), it appears that larger investors are accumulating ETH for the long term. Despite these bullish indicators, Davis cautioned that not all market participants share this optimistic outlook. Betting markets on Polymarket currently assign only a 27% chance that Ethereum will reach a new all-time high by 2025. Critical Support For Ethereum Amid Political Disputes The broader cryptocurrency market also faced challenges on Thursday, with total market capitalization dropping from $3.30 trillion to approximately $3.12 trillion. Bitcoin, XRP, and Solana (SOL) were among the notable cryptocurrencies experiencing losses, retracing by 3%, 5%, and 6%, respectively. In a separate but related development, tensions between US President Donald Trump and his former adviser Elon Musk have surfaced, adding to the day’s market volatility. Trump expressed disappointment over Musk’s criticism of a key tax and spending bill from his administration, suggesting that their “great relationship” may be nearing its end. Musk retaliated by accusing Trump of ingratitude, claiming his support was instrumental in Trump’s election victory. Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 This public dispute has drawn attention to the intersection of US politics and cryptocurrency, a dynamic that market analyst Income Sharks noted in a recent post on Elon Musk’s social media site, X. The analyst remarked on the swift impact of political conflicts on crypto markets, emphasizing that the Ethereum price has not yet lost critical support levels. Income Sharks, in his analysis, identified the $2,390 mark as a crucial support point for the altcoin in the immediate term, which could determine the next upward targets of $3,000 and $4,000. While trading at $2,406 when writing, Ethereum finds itself well below its all-time high reached during the market’s last bullish cycle in 2021. As of now, the altcoin stands 50% below its record of $4,878, according to CoinGecko data. Featured image from DALL-E, chart from TradingView.com
Key takeaways: Pendle’s price is projected to reach a maximum of $4.59 by the end of 2025. By 2028, Pendle’s price is expected to reach an average of $11.91 In 2031, the price of Pendle is predicted to reach a maximum of $40.60. Pendle (PENDLE) innovates the DeFi space by enabling future yield trading. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms. Pendle’s recent progress, such as smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? Is Pendle worth investing in? Let’s dive into the Pendle price prediction for 2025-2031. Overview Token PENDLE Price $4.09 Market Cap $625.3M Trading Volume (24 hour) $95.05M Circulating Supply 162.3M PENDLE All-time High $7.52 (Apr 11, 2024) All-time Low $0.03349 (Nov 10, 2022) 24-hour High $4.20 24-hour Low $3.81 Pendle price prediction: Technical analysis Metric Value Price Prediction $ 3.95 (0.42%) Volatility 8.52% 50-day SMA $ 3.79 14-Day RSI 50.36 Sentiment Neutral Fear & Greed Index 57 ( Greed ) Green Days 14/30 (47%) 200-Day SMA $3.65 Pendle price analysis TL;DR Breakdown : Pendle/USD dropped from $7.000 to $3.993 Short-term rise expected to $4.194-$4.413 with potential to $4.665-$4.848 Sustained uptrend needs momentum and volume above $4.665 PENDLE/USD 1-day chart PENDLE 1-Day price chart; Tradingview The Pendle/USD 1-day on June 6 chart shows a decline from a peak near $7 in late 2024, currently at $3.993, down 2.78%. The price is consolidating above the 20-day SMA (44.257), with Bollinger Bands suggesting potential volatility. The RSI at 55.17 indicates neutral momentum, with room to rise before overbought conditions. Recent upward movement from a low near $3.500 suggests buying interest. it is expect a short-term rally towards $4.665, potentially reaching $4.848 if momentum holds. However, a break below $4.257 could push it to $3.848. Watch for increased volume and RSI trends to confirm direction, with resistance near $4.665 being key. PENDLE/USD 4-hour chart PENDLE 4-hour price chart; Tradingview The Pendle/USD 4-hour chart shows the price at $3.988, down 0.76%, with recent consolidation between $3.974 and $4.194. The Bollinger Bands are tightening, indicating low volatility and a potential breakout. The MACD is bearish (-0.038), but the histogram shows slight convergence, suggesting weakening downward momentum. The Balance of Power at 0.17 indicates mild buying pressure. The price is near the 20-period SMA ($4.194), a key resistance. It is expected that a short-term upward move will test $4.194, potentially reaching $4.413 if momentum builds. A failure to break 44.194 could lead to a drop towards $3.974 or lower to $3.804. Pendle technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 $ 3.86 BUY SMA 5 $ 4.12 BUY SMA 10 $ 3.97 BUY SMA 21 $ 3.75 BUY SMA 50 $ 3.48 BUY SMA 100 $ 3.17 BUY SMA 200 $ 3.70 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 $ 3.78 BUY EMA 5 $ 3.58 BUY EMA 10 $ 3.32 BUY EMA 21 $ 3.06 BUY EMA 50 $ 2.98 BUY EMA 100 $ 3.29 BUY EMA 200 $ 3.67 BUY What can you expect from PENDLE price analysis next Analyzing the 1-day and 4-hour Pendle/USD charts, the price has declined from a $7.000 peak in late 2024 to $3.993, with a 2.78% daily drop and 0.76% 4-hour decline. The 1-day chart shows consolidation above $4.257 with neutral RSI (55.17), hinting at a rally to $4.665-$4.848 if momentum holds. The 4-hour chart suggests a potential breakout above $4.194, with MACD showing weakening bearish momentum. I expect a short-term rise to $4.194-$4.413, but a sustained uptrend requires breaking $4.665. A drop below $3.974 could target $3.804. Watch volume and MACD for directional confirmation. Is PENDLE a good investment? Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for the flexible management of yield-bearing assets, enhancing investment portfolios. Conducting their research is crucial for potential investors to understand the Pendle market cap and the dynamics of its price movement. Pendle’s ecosystem shows strong community trust, with impressive TVL, market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors and high yields make Pendle a compelling investment in innovative DeFi projects. Will Pendle reach $50? Pendle’s current price is around $3.19 Given its recent market trend, predictions suggest that by 2032, Pendle’s maximum price could approach the $50 mark. Will Pendle reach $100? Pendle price is likely to reach $100 in the foreseeable future. Is Pendle a safe investment? Pendle cryptocurrency offers innovative yield management features, making it appealing for investors. However, it carries risks like market volatility and potential technological issues. Investors should conduct thorough research and consider their risk tolerance before investing in Pendle. Does Pendle have a good long-term future? PENDLE has shown volatility and recent downward movement. Its short-term outlook appears uncertain. However, its long-term future could be positive if the project innovates, gains wider adoption, and maintains strong community and developer support. Recent news/opinion on Pendle Pendle has announced that its platform offers the highest yield for earning Aegis points with a 5x multiplier, granting 75 points daily per sYUSD. Aegis airdrops 0.1% of its supply weekly to DeFi projects like Pendle, enabling predictable earnings. Users can potentially recover YT costs within four weeks if conditions hold. If you didn't know, Pendle is BY FAR the best place to earn @aegis_im points at 5x multiplier (75 points/day per sYUSD) 👀 Interestingly, Aegis airdrops 0.1% of its supply to DeFi deployments like Pendle 𝒆𝒗𝒆𝒓𝒚 𝒘𝒆𝒆𝒌, making it much more easier to estimate you weekly… pic.twitter.com/gCDlIOny0S — Pendle Intern (@PendleIntern) May 7, 2025 Pendle is expanding toward permissionless yield markets, allowing external protocols to list their ERC20/4626 tokens. The new Community Listing process enables projects to deploy their yield markets, with Pendle ensuring final checks before whitelisting. The first listed asset is sUSDX, a synthetic USD stablecoin. Additionally, Pendle Prime will feature pools meeting specific criteria like proven traction and TVL, ensuring security through audits. With Pendle Instance, the ecosystem embraces community-driven growth, enabling faster scaling and broader adoption of its technology. pic.twitter.com/wiAgl8jFel — Pendle (@pendle_fi) March 5, 2025 Pendle announced that @AerodromeFi has launched the first-ever VIRTUAL/cbBTC yield market on @Base, combining AI agents, liquidity marketplaces, and yield trading through Pendle. This innovative solution allows users to unlock additional rewards on top of Aerodrome LP with the same liquidity, revolutionizing the utility of liquidity beyond traditional single-use models. Introducing the first of its kind on @Base : The @AerodromeFi VIRTUAL/cbBTC yield market Where AI Agent meets liquidity marketplace meets yield-trading 🤖 pic.twitter.com/O3pVv1RE8k — Pendle (@pendle_fi) January 2, 2025 Pendle price prediction June 2025 In June 2025, the pendle price is forecast to reach a low of $4.10. It could get a maximum of $4.44, with the average expected price around $4.35. Pendle price prediction Potential Low Average Price Potential High Pendle price prediction June 2025 $4.10 $ 4.35 $ 4.44 Pendle price prediction 2025 The price of Pendle is predicted to reach a minimum level of $3.95 in 2025. Also, Pendle’s price can reach a maximum level of $4.59 with the average cost of $4.08 throughout 2025. Pendle Price Prediction Potential Low Average Price Potential High Pendle Price Prediction 2025 $ 4.35 $4.44 $4.59 Pendle price prediction 2026-2031 Year Minimum price Average price Maximum price 2026 $5.60 $5.81 $6.75 2027 $8.12 $8.36 $9.56 2028 $11.49 $11.91 $14.01 2029 $16.49 $16.97 $19.98 2030 $22.87 $23.72 $28.35 2031 $33.61 $34.80 $40.60 Pendle Price Prediction 2026 In 2026, the price of Pendle is predicted to reach a minimum level of $5.60. It can also reach a maximum level of $6.75 and an average trading price target of $5.81. Pendle price prediction 2027 In 2027, the average price of Pendle is predicted to reach a minimum level of $8.12. Also, $PENDLE’s price can attain a maximum level of $9.56 and an average trading price of $8.96. Pendle price prediction 2028 The PENDLE price prediction for 2028 projects a minimum price of $11.49 for the token. According to the analyst forecast, the token could reach a maximum price of $14.01 and an average trading price of $11.91. Pendle price prediction 2029 The price of Pendle is predicted to reach a minimum value of $16.49 in 2029. Per the predictions, holders can expect a maximum price of $19.98 and an average trading price of $16.97. Pendle price prediction 2030 The Pendle price forecast for 2030 projects has a minimum price of $22.87, a maximum price of $28.35, and an average forecast price of $23.72. Pendle price prediction 2031 Pendle’s price is expected to reach a maximum price of $40.60, with a minimum price of $33.61. The average trading price is expected to be $34.80. Pendle price prediction 2025-2031 Pendle market price prediction: Analysts’ $PENDLE price forecast Firm 2025 2026 DigitalCoinPrice $6.96 $8.23 Coincodex $3.01 $2.97 Cryptopolitan’s PENDLE price prediction In 2025, Cryptopolitan projects that $PENDLE could experience notable price fluctuations, with a potential low of $5.50, an average of $5.82, and a possible high of $6.00. Pendle historic price sentiment PENDLE price history In September 2020, the price of Pendle started at around $1.0849, and a gradual decline followed. Between October and December 2020, the price decreased steadily, ending the year below $1.0. Between January and June 2021, the price remained relatively stable, fluctuating around the $0.90 to $1.0 range. Between July and December 2021, Pendle continued to exhibit minor fluctuations, maintaining a range around the $1.0 mark but showing no significant upward or downward trend. The price of Pendle from January to December 2022 remained relatively flat, hovering around the $1.0849 mark with minimal fluctuations. There was little to no significant upward or downward movement during this period. In June 2023, the price remained stable, with slight declines observed but staying well below the $1.0 mark. Pendle price movements showed no significant upward momentum and maintained a steady range. Starting from mid-2023, the price began to show slight upward movements, though it was still relatively low. By the end of December 2023, the price showed some initial signs of increase, moving closer to the $1.2 mark. $PENDLE experienced strong growth in 2024, reaching $5.5 in March and its ATH of $7.52 in April. After retesting support at $3.8 in May, it rebounded, closing Q2 at $6.8 and trading in the $4.6–$6.3 range by June. By December, $PENDLE surged to $6.7 before closing the year at $5.07, with notable trading activity, including a peak volume of $94.61M in November. In January 2025, Pendle price witnessed a sharp decline by the end of the month. The price dropped toward the low of $3.1. In early February, Pendle price made a sharp decline as it touched the ground around $2.6. Though the price of Pendle recovered later toward $3.7, it failed to maintain that level and dropped toward $2.7 by February’s end. Pendle’s market price further plunged in March due to rising trade war between the US and China. As a result, Pendle dropped below $2 on March 11. It continued to face intense volatility toward $3 by the end of March. In April, Pendle price witnessed a steady surge as trade war eased between the US and China. The price maintained its momentum above $3 throughout the month. Pendle ended April at $3.4. At the start of May, Pendle price is trading between $3.1 and $3.4. Pendle ended May at $4.3. In June, Pendle is trading between $3.9 to $4.3
It was a moment that echoed throughout the Bitcoin mining community in disbelief: on June 5, a solo miner using CKpool stunned the industry by completing block 899,826 and bringing home a reward of $330,386, while competing against the all-time highest network difficulty in Bitcoin history, no less. In a landscape now dominated by industrial-scale mining farms and pools, this one operator's win is the digital equivalent of a lottery jackpot. The odds were truly staggering. With the Bitcoin network’s difficulty at a record 126.98 trillion and the hashrate near 800 exahashes per second, the chance of a solo miner validating a block was roughly 1 in 1.6 million — statistically, a feat most miners would expect to achieve only once every three decades. But this miner did manage to do just that by momentarily bumping their hashrate to an estimated 259 PH/s, likely by renting extra power for the attempt. CKpool developer Con Kolivas has stated that such a strategy, mixing one's own hardware with temporarily rented hashpower — can give solo miners a fighting chance, if only for so long. The block itself was a big one: 1.66 MB in size, containing 3,680 transactions, and rewarding the miner with 3.15 BTC (the standard 6.25 BTC subsidy, minus fees and adjustments). The reward included around $2,761 in transaction fees — a fairly modest amount, suggesting low network congestion at the time. What makes this win even sweeter is that the surrounding blocks were mined by industrial heavyweights like Foundry USA, which says a lot about how rarely individuals manage to outcompete the big players. Solo mining, both Braiins and Luxor engineers agree, is a true baptism by fire of patience, luck, and technical skill. ”Solo mining is like playing the Bitcoin lottery,” says one Braiins OS engineer. ”You can go years without a win, but with the right firmware optimizations, overclocked ASICs, and a bit of rented hashpower, you can at least buy yourself a few more tickets.” Luxor's Aaron Foster says solo mining is ”a way to keep the network decentralized and prove that anyone, not just large pools, can still win.” For the motivated who want to try it out, experts recommend joining a solo pool like CKpool or Braiins Solo, tweaking ASIC firmware for best efficiency, and for the wild-at-heart — renting hashpower for a one-off burst. But they caution: don't wager more than you can afford to lose. The vast majority of solo miners will never receive a block reward, and the electricity costs add up fast. The Bitcoin community celebrated the win as a triumph for decentralization. On Reddit, one miner remarked, ”This is what keeps me mining solo. It's not about the odds — it's about proving the little guy still has a shot.” The bottom line Solo mining wins are rare but still possible — even at record difficulty, the little guy can strike it big. For most, though, it remains a high-risk, high-reward lottery. This story is a reminder that decentralization is alive, and with the right strategy and a bit of luck, anyone can make Bitcoin history.
TL;DR The price of Tesla shares headed south following the spat between the former allies. Over the past few hours, though. TSLA rebounded amid rumors that Musk and Trump might sit down to resolve their differences. The drama between the once-close friends Donald Trump and Elon Musk continues to intensify. Minutes ago, the X account, The Kobeissi Letter, revealed that the American president is supposedly contemplating ditching his Tesla. BREAKING: President Trump is considering getting rid of his Tesla, per WSJ. $TSLA — The Kobeissi Letter (@KobeissiLetter) June 6, 2025 Earlier this year, Trump bought a red Tesla Model S as a public gesture of support for Musk and his EV giant amid growing criticism and declining sales. Before making the purchase, the president praised the wealthiest man in the world and vowed to pay the full price for the vehicle. “This man [Elon Musk] has devoted his energy and his life to doing this,” he said at the time. Trump’s purchase in March triggered a brief uptick in the price of Tesla’s shares. However, the recent conflict between the two men (which seems to have erupted following a bill introduced by the president last month) has had a negative impact on the company’s stocks. On June 5, as the drama between the two unfolded, TSLA dropped below $275, the lowest point witnessed in the past month. In pre-market trading today, and once the market opened, though, the price rebounded to around $296, following reports that the tension might ease and expectations that Trump and Musk are open to a dialogue. TSLA Price, Source: Yahoo Finance While a White House official supposedly rejected the plans for a call on June 6, Tesla’s CEO seems ready to find ways to bury the hatchet. Earlier today, Bill Ackman (CEO of Pershing Square) argued that the two men should make peace “for the benefit of our great country.” Musk replied, “You are not wrong.” Meanwhile, the conflict has also had a negative impact on the cryptocurrency market. Bitcoin temporarily slipped under $101,000, while some of the leading altcoins suffered even more substantial losses. Over 215,000 traders were liquidated in the past 24 hours, with the total amount of liquidations reaching almost $1 billion. The post Donald Trump Ready to Ditch His Tesla Amid Musk Feud? (Report) appeared first on CryptoPotato .
On June 6th, US President Trump highlighted significant economic indicators, emphasizing robust job growth and a soaring stock market. His social media statement underscored the positive impact of tariff revenues,