Trump, Elon Musk and Dogecoin
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Dogecoin price skyrocketed after Elon Musk’s surprise apology to Trump amid fresh ETF optimism for the crypto market's leading meme coin.
A recent and significant development introducing substantial risk to Dogecoin's near-term prospects is the political fallout between Elon Musk and President Donald Trump. Musk's public criticism of Trump's fiscal policies has led to escalating tensions, with Trump reportedly threatening retaliation against Musk-affiliated companies.
Dogecoin ( DOGE 0.74%) was one of the most successful cryptocurrencies last year, as it gained over 250% and hit its highest price since 2021. The meme coin has erased some of those gains in 2025, as it's currently down 45% on the year.
Cynthia Lummis (R-WY), think Bitcoin is the solution to the already rising national debt of $36.9 trillion.Former Twitter boss and Block, Inc. (NYSE:XYZ) founder Jack Dorsey recently nudged even Musk about his onetime love for Bitcoin as he went after Trump.
Dogecoin nears key support at $0.16 after a sharp drop. Will bulls protect this level or is more downside ahead.
President Donald Trump and Elon Musk appear to be making up after a very public fight following Musk's opposition to Trump's bill. Does he support it?