Dogecoin (DOGE) escalated by 10% to 0.15 USD within 24 hours, reflecting broader market recovery, while Tesla stocks faced a sharp 17.5% fall, indicating investors question Musk’s influence over DOGE.
Recent crypto strategies from the Trump administration do not favor Dogecoin, which could indicate waning backing from Musk, impacting DOGE’s price independence as the asset exhibits increased resilience.
Despite geopolitical pressures affecting Tesla, Dogecoin remains insulated from such risks, responding instead to market sentiment and trading activity, which fosters speculation of a price detachment from Elon Musk’s influence.
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