Musk's separation from Trump was bad for Dogecoin

Data from Cointelegraph Markets Pro and TradingView indicates that Dogecoin is trading in its third consecutive bearish session on the weekly candlestick chart.

The price has decreased by 14% in seven days, extending the three-week decline to 28%, as the public feud between Musk and Trump intensified.

The consequences of the dispute have escalated in recent days after Musk's official departure from the Department of Government Efficiency (DOGE) that escalated on June 5, with Trump threatening to end Musk's government support and contracts, which could provide 'billions and billions of dollars'.

Musk responded on Twitter, claiming that Trump would lose the 2024 presidential election without his support. He described Trump's recent spending bill as 'the ugly big bill' and supported calls for his impeachment.