The originally bullish US stock and crypto assets markets opened positively on Monday, with Bitcoin briefly climbing to a high of $108,000. However, this optimistic sentiment was quickly shattered by the remarks of two heavyweight figures in the tech industry.

Tesla CEO Elon Musk has harshly criticized the 'Too Big to Fail' bill on social media, claiming that the legislation could lead to the decline of the United States and threatening to form a new political party if the bill is passed. This remark quickly provoked a backlash from Trump, who threatened to terminate subsidies and contracts for Musk's companies and even considered expelling him from the country.

At the same time, at the European Central Bank forum, Federal Reserve Chairman Powell maintained a cautious stance on interest rate cuts. He emphasized that it is still too early to determine whether to cut rates in July and that decisions will continue to be made based on economic data. Powell pointed out that while the impact of tariffs has not yet been fully reflected in economic data, the timing for a rate cut remains unclear, and summer inflation is expected to rise. In the next two days, the United States will release a series of employment data, which will have a significant impact on the decision to cut rates in July or September.

The combined effect of these two adverse factors led to a temporary drop in Bitcoin prices below $106,000. In terms of the stock market, the Nasdaq index was significantly impacted, with Tesla's stock price falling by 5%. Although the 'big and beautiful' bill is seen as a positive factor in the short term, if the conflict between Musk and Trump escalates further due to the passage of the bill, the market may face a new round of turbulence.

Currently, investors are closely watching the developments of this dispute. Will it calm down quickly like before, or will it evolve into a larger scale conflict? This will directly affect whether the market can regain confidence and continue to rise.