DOGECOIN DROPS 4% AFTER ELON MUSK SAYS NO GOVERNMENT PLANS TO USE DOGE

Dogecoin ($DOGE) saw a 4% drop following comments from Elon Musk regarding the U.S. government’s stance on the cryptocurrency. Musk stated that there are no current plans for the government to adopt Dogecoin.

The remark came after growing speculation about the potential for government involvement in cryptocurrency, especially with Musk’s influence on the space.

This decline highlights the ongoing volatility in the Dogecoin market, where price fluctuations often occur in response to Musk’s statements.

Source: Decrypt