Tesla loses 30 billion, Dogecoin (DOGE) strongly cuts ties with Musk?
The trading price of Dogecoin has surpassed $0.16, successfully resisting Tesla's $30 billion market value loss. This phenomenon suggests that Dogecoin may be breaking free from price fluctuations related to Musk.
The cryptocurrency assets favored by Trump do not include Dogecoin, which somewhat reduces the likelihood of Dogecoin being widely adopted by institutions. Meanwhile, Trump and Melania have other preferred meme coins.
Currently, Dogecoin's purchasing power is weak, with the technical indicator TSI below zero and trading volume sluggish. If the price falls below $0.15, it could further drop to $0.142.
Dogecoin's price remains stable above $0.16, demonstrating strong resilience against the massive $30 billion drop in Tesla's stock price this week and the overall market's severe fluctuations.
Former U.S. President Donald Trump suddenly announced the imposition of comprehensive tariffs, causing Dogecoin to dip to $0.12 last Wednesday.
However, the price quickly rebounded, recovering 4% compared to the week's low.
After Trump announced the new trade policy, Tesla (TSLA) stocks became a hard-hit area.
The U.S. stock market experienced a massive sell-off, with the Dow Jones Industrial Average plummeting over 3000 points and the S&P 500 index dropping 8% within just five trading days.
Elon Musk plays a significant role in the newly established Department of Efficiency in the Trump administration, which has severely impacted Tesla's stock price, leading to a $30 billion evaporation in Tesla's market value.
As a giant in the electric vehicle industry, Tesla is deeply entangled in political and economic struggles. Currently, Tesla's stock price has dropped to $239, with a 4% decline this week and a cumulative drop of 10% over the past 30 days.
The company's market value is now $750 billion, and since the announcement of the tariff policy, shareholder value has shrunk by over $30 billion.
#加密市场回调