Bitcoin has faced a sharp decline, dropping to $100,423, marking a 4% decrease over the last day. Meanwhile, the TRUMP meme coin experienced a more significant tumble, sliding 12% to $9.67, as per CoinGecko data.

This downturn coincides with a turbulent time for Donald Trump, who is embroiled in conflicts on various fronts. He's not only contending with a fallout with Elon Musk but also navigating legal challenges from within his circle.

The market dynamics highlight how external political and legal factors can influence cryptocurrency valuations, underscoring the interconnected domains of finance and politics.