DOGE surges 5% amid Trump-affiliated Dogecoin mining deal and Fed comments

The recent acquisition of Dogehash by Thumzup, for 50 million USD, signifies the establishment of the largest Dogecoin mining operation. Concurrently, Wyoming’s introduction of the Frontier Stable Token reflects a regulatory shift toward digital assets.

The Federal Reserve’s signal for a softer approach on digital assets coupled with substantial volume spikes confirmed growing institutional interest, directly correlating with DOGE’s price increase. Traders are keenly observing DOGE’s ability to maintain support above 0.22 USD.

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