Elon Musk has once again captured the attention of the Dogecoin community by announcing that “Dogecoin will serve as the official mascot for his proposed Department of Government Efficiency.” But what exactly does this mean? Recently, the Tesla and SpaceX CEO posted a tweet referencing a “Department of Government Efficiency,”
The cryptocurrency market has been in a bearish trend for the past month, with major cryptocurrencies and altcoins hitting new lows. Last week saw significant declines, with Bitcoin falling to a one-month low of $52,500 and Ethereum to $2,150 on the same day. However, the past 24 hours have shown
The cryptocurrency market continues to languish in a prolonged bearish phase, with major cryptocurrencies hitting new lows and altcoins suffering double-digit declines over the past week. The global market capitalisation currently stands at $2.02 trillion, reflecting a 1.39% decline, while trading volume has surged by 68% in the past 24
As the crypto market encounters a correction, Dogecoin (DOGE) has also displayed a significant drawdown, erasing recent gains. After reaching a peak of $0.1018 on August 30, following a favorable court ruling for Elon Musk and Tesla, DOGE has struggled to maintain its gains. The court found Musk’s tweets about
In the last 24 hours, Dogecoin (DOGE) saw a modest uptick of 4.02%, reaching $0.1025 as it attempts to recover from recent setbacks. The slight boost in price was followed by the dismissal of a federal lawsuit against Elon Musk and Tesla, with the court ruling that Musk’s Dogecoin-related tweets
The cryptocurrency sector confronts several legal complications on a daily basis. While regulatory bodies often stand central to such occurrences, there are instances when individual traders raise issues. One such lawsuit was the 2022 Dogecoin Manipulation case filed against tech billionaire Elon Musk and his company Tesla. According to market
The early July correction in the cryptocurrency market is being perceived as a temporary pullback, allowing the bullish momentum to recharge before the next leg up. However, meme coins, known for their rapid price movements, are experiencing a significant surge in selling pressure as the broader market undergoes a correction.
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Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding
Today marks a significant recovery in the global cryptocurrency market, led by Bitcoin (BTC) as it surged to the $56,500 zone. This bullish momentum has positively impacted nearly all cryptocurrencies, with notable gains across the board. Following the uptrend momentum, Dogecoin (DOGE) and Shiba Inu (SHIB) have shown significant rebounds
