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Elon Musk steps back from Dogecoin and the market is already reacting
Today, April 23, 2025, Elon Musk announced that he will reduce his involvement with Dogecoin (DOGE). The decision came after a weak quarter in Tesla's numbers — and, of course, this has already started to affect the crypto market.
Why does this matter?
Elon Musk has always had a strong influence on the price of DOGE. Every time he comments, the market responds — either up or down. Now that he has said he will take a step back, investors are feeling cautious.
Direct impact on Dogecoin:
• Current price: $0.178
• High of the day: $0.185
• Low: $0.175
• Variation: slight increase, but the sentiment is one of uncertainty
And what about Tesla in all of this?
Despite the reduction in involvement with the crypto asset, Tesla's shares rose 5% in after-hours trading. The focus now, according to Musk, is to realign the company's priorities — which may distance him a bit from the world of cryptocurrencies.
Quick conclusion:
The actions of public figures, like Elon Musk, carry real weight in the crypto market. When someone with such influence changes direction, prices react. Keeping an eye on this type of movement is just as important as monitoring charts and indicators.
$DOGE
Today, April 23, 2025, Elon Musk announced that he will reduce his involvement with Dogecoin (DOGE). The decision came after a weak quarter in Tesla's numbers — and, of course, this has already started to affect the crypto market.
Why does this matter?
Elon Musk has always had a strong influence on the price of DOGE. Every time he comments, the market responds — either up or down. Now that he has said he will take a step back, investors are feeling cautious.
Direct impact on Dogecoin:
• Current price: $0.178
• High of the day: $0.185
• Low: $0.175
• Variation: slight increase, but the sentiment is one of uncertainty
And what about Tesla in all of this?
Despite the reduction in involvement with the crypto asset, Tesla's shares rose 5% in after-hours trading. The focus now, according to Musk, is to realign the company's priorities — which may distance him a bit from the world of cryptocurrencies.
Quick conclusion:
The actions of public figures, like Elon Musk, carry real weight in the crypto market. When someone with such influence changes direction, prices react. Keeping an eye on this type of movement is just as important as monitoring charts and indicators.
$DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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