#TrumpVsMusk

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

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

The consequences of the dispute have escalated in recent days following Musk's formal departure from the Department of Government Efficiency (DOGE), which escalated on June 5 with Trump's threat to end Musk's government support and contracts, potentially saving "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 "big ugly bill" and supported calls for his impeachment.