According to Fox News, Elon Musk made a high-profile allegation on social media stating that President Donald Trump appears in the Jeffrey Epstein files, suggesting this is why the records have not been released (Fox News, June 5, 2025). This public accusation has led to heightened uncertainty in traditional equity markets, with increased volatility observed in crypto assets as traders react to potential political instability. Bitcoin and Ethereum saw trading volume spikes, reflecting investor hedging amid broader market risk. Traders should monitor any regulatory or legal fallout as political headlines continue to drive crypto market sentiment.