Elon Musk debunks rumors: U.S. government won't adopt Dogecoin
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Elon Musk has explicitly stated that the U.S. government has no plans to adopt Dogecoin, dispelling recent rumors. The memecoin has experienced an 8% price drop over the past week, with technical indicators showing bearish sentiment and weak buying pressure.
March 31, 2025 | 8:15 pm
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Musk's clarification about no government adoption plans has negatively impacted Dogecoin's price, with technical indicators showing weakness and decreased buying pressure.
Musk's direct statement contradicting previous speculation has removed potential price support, leading to immediate selling pressure and a bearish market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100