According to The Kobeissi Letter, Elon Musk publicly stated that 'the truth will come out' regarding claims that President Trump is in the Epstein files, prompting heightened market anxiety. Following Musk’s post, the S&P 500 fell nearly 1% in intraday trading, signaling a surge in risk-off sentiment among investors (Source: The Kobeissi Letter, June 5, 2025). This negative momentum in traditional equities is causing traders to closely watch Bitcoin and other leading cryptocurrencies for potential safe-haven flows and increased volatility, as risk aversion typically drives liquidity shifts between equity and crypto markets.

According to The Kobeissi Letter on Twitter, Elon Musk stated, 'Time to drop the really big bomb,' alleging that 'Trump is in the Epstein files' and suggesting this as the reason for their non-disclosure (source: The Kobeissi Letter, June 5, 2025). This statement could trigger heightened volatility in both traditional and crypto markets due to increased political risk and uncertainty. Historically, major political revelations and legal uncertainties have led to risk-off sentiment, prompting capital flows into or out of cryptocurrencies like Bitcoin and Ethereum as alternative assets. Traders should monitor market reactions closely for possible short-term volatility spikes and shifts in sentiment, especially as such news can rapidly influence liquidity and trading volumes in digital assets.