Trump-Musk Feud Drives Bitcoin 7% Surge, Ethereum 39% Gain

The high-profile dispute between Donald Trump and Elon Musk has significantly impacted the cryptocurrency sector, particularly Bitcoin and Ethereum. The feud, centered around the 'Big Beautiful Bill,' has inadvertently acted as a promotional blitz for Bitcoin, driving its price between $102,410 and $110,000. This surge is supported by stable upward trajectory indicators, such as support levels near $99,000 and the close proximity of the 10-day and 100-day price averages. The Relative Strength Index (RSI) further suggests that Bitcoin is not yet overbought, aligning with a bullish outlook for the near future.

Ethereum, another major player in the cryptocurrency market, has also seen a notable uptick. Currently trading between $2410 and $2729.90, Ethereum has demonstrated substantial market confidence with a 39% increase over the month. Despite a slight dip this past week, Ethereum's bullish trend indicates potential for further gains, with a possible new high of around $3240 if it surpasses the $2920 resistance.

The Graphite Network has emerged as a notable entity in the crypto space, offering a unique approach to digital trust via its blockchain technology. Operating on the Polymer 2.0 Proof-of-Authority (PoA) blockchain, Graphite Network boasts a high transaction rate and predictable fees, positioning it as a strong contender against traditional financial systems. The network's innovative approach includes allowing each user only one account, verified through a setup fee paid in its native token, $@G. This strategy enhances security and accountability across the platform, promoting a blockchain environment where trust is paramount and systematically enforced.

Looking ahead, Graphite Network aims to further integrate reputation metrics into its infrastructure, promoting a blockchain environment where trust is paramount and systematically enforced. The confrontation between Trump and Musk has underscored the influence of public figures on cryptocurrency markets. It has bolstered Bitcoin's image as a secure asset and highlighted Ethereum's robust performance. Additionally, it has brought attention to innovative projects like Graphite Network, which are redefining trust in the digital landscape.