Dogecoin In Free Fall After A Surprise Statement From Elon Musk
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Elon Musk dampened Dogecoin's prospects by stating that the U.S. government has no plans to adopt the cryptocurrency. This statement caused an immediate 3% price drop, highlighting DOGE's volatility and dependence on influential personalities' communications.
March 31, 2025 | 10:15 am
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Musk's statement about no US government Dogecoin plans triggered an immediate price decline, underscoring the cryptocurrency's speculative nature.
Musk's statement directly contradicts previous market speculation about potential government adoption, causing immediate negative market reaction and price drop.
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IMPORTANCE 85
RELEVANCE 100