Dogecoin price fell nearly 7% in 24 hours, and slid 6.5% to reflect a risk-off shift among crypto traders.

Dogecoin的价格在24小时内下降了近7％，滑行6.5％，以反映加密货币交易者之间的风险转变。

The spat between Musk and Trump rattled confidence, with Musk warning that the U.S. is likely headed for a technical recession this year - a concern that weighed heavily on speculative assets.

马斯克和特朗普之间的吐口水充满信心，马斯克警告说，美国可能会进入今年的技术衰退 - 这一担忧严重影响了投机资产。

"The quarrels between Elon Musk and President Trump exposes divides that could hinder plans to reform the U.S. economy, which is why cryptocurrencies as a whole dropped overnight," said Jeff Mei, COO at BTSE, in a Telegram message to CoinDesk.

BTSE的首席运营官杰夫·梅（Jeff Mei）在向Coindesk的电报信息中说：“埃隆·马斯克（Elon Musk）和特朗普总统之间的争吵可能会阻碍计划改革美国经济的计划，这就是为什么整个加密货币整个一夜都在一夜之间下降的原因。”

"However, we are still positive on the long-term viability of crypto markets, and given the success of Circle's IPO yesterday, it's clear that there are still many institutional investors who feel the same way," Mei added.

梅补充说：“但是，我们仍然对加密市场的长期生存能力仍然很积极，并且鉴于昨天Circle的IPO成功，很明显，仍然有许多机构投资者有同样的感觉。”

Some analysts pointed to the growing risk that political infighting could spill over into markets.

一些分析师指出，政治内斗可能会蔓延到市场中的风险日益增长。

"While recent U.S. macroeconomic reports influenced the sell-off, the negative outlook has been mostly driven by the escalating tensions between President Trump and Elon Musk," said Nick Ruck, director at LVRG Research, told CoinDesk.

LVRG Research的董事尼克·鲁克（Nick Ruck）表示：“尽管最近的美国宏观经济报告影响了抛售，但负面的前景主要是由特朗普总统和埃隆·马斯克之间的紧张局势升级的驱动。”

"Investors fear their feud could spill over into the markets. We remain optimistic for the long term as institutions continue to build within the greater crypto ecosystem," Ruck added.

Ruck补充说：“投资者担心他们的争执可能会蔓延到市场上。随着机构在更大的加密生态系统中的发展，我们对长期的长期感到乐观。”

Traders remain cautious as the market awaits clarity on the debt ceiling debate and the potential impact of Trump’s proposed “One Big Beautiful Act” on fiscal policy.

随着市场等待债务上限辩论以及特朗普拟议的“一项大规模行为”对财政政策的潜在影响，交易者仍然谨慎。