Dogecoin Drops Over 9% On Friday Morning: What’s Going On?
Posted On June 6, 2025
Dogecoin (CRYPTO: DOGE) tumbled 9.14% to $0.1726 on Friday as a public dispute between President Donald Trump and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk sent shockwaves through cryptocurrency markets.
The meme cryptocurrency, which features a Shiba Inu logo and was created by Billy Markus and Jackson Palmer in December 2013, dropped alongside broader crypto selloffs that saw Bitcoin (CRYPTO: BTC) fall 0.98% to $103,793 and Ethereum (CRYPTO: ETH) decline 5.08% to $2,75, as of 6:11 am Eastern Time. Total crypto market cap fell 3.77% to $3.18 trillion.
The market turbulence coincided with escalating tensions between Trump and Musk after the Tesla CEO criticized the president’s spending bill as a “massive, outrageous, …
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