With Elon Musk's Tesla losing $160B to US trade war, dogecoin price swings 10%. Is DOGE decoupling?
On Tuesday, dogecoin price reclaims the $0.15 level and shows a quick 10% return in the previous 24 hours.
The consolidating Tesla stock price of Elon Musk extends post Liberation Day losses to 17.5%.
Key market data point to DOGE price possibly detaching from Elon Musk's impact.
After a week of relentless sell-side pressure, the price of Dogecoin (DOGE) surged 10% within 24 hours and reclaimed the $0.15 level on Tuesday.
By comparison, following last week's Trump administration tariff decision, Tesla (TSLA) shares fell almost $160 billion in market valuation.
The directional difference between Dogecoin and Tesla prices begs a fundamental issue for investors: Is Dogecoin starting to separate from Elon Musk's long-standing influence?
Is Dogecoin pricing at last divorcing from Elon Musk's impact in 2025? Elon Musk has historically had a big impact on Dogecoin price swings. From Dogecoin payments for Tesla goods to allusions at SpaceX events, the billionaire's tweets, public endorsements, and corporate integrations have all set significant DOGE prices swings in recent years.
Major news events and current price movements seen in DOGE and TSLA markets this week, however, point to a possible declining impact of Elon Musk on the memecoin. Two main explanations are listed below:
Trump's crypto approach puts DOGE behind. Washington's most recent crypto plan is one driver driving this possible separation.
The Trump government revealed the "Crypto Strategic Reserve," a government-sponsored project to buy cryptocurrency, in March.
This notably excluded Dogecoin as many had expected Elon Musk's significant level of influence with the government to have different results.
Rather, Trump had started his own memecoins, Trump and MELANIA-at the inauguration, therefore lowering the likelihood of supporting a competing memecoin within the policies of the government.
Musk reiterated last week that any official government digital infrastructure does not yet have Dogecoin included into any plans. Still, DOGE price has rebounded fast, rising Tuesday over the $0.15 barrier mark.
This resiliency points to a mature investor base more sensitive to macro issues as prospects for government acceptance via Elon Musk's influence fade.
Dogecoin pricing stays free from trade war influence from Tesla. Furthermore underlining the relative immunity of the crypto market from geopolitical concerns are Dogecoin's resiliency and divergence from Elon Musk-linked assets like Tesla.
US stocks have been under extreme pressure since President Trump declared a broad wave of import taxes last week; Tesla stands as one of the most affected brand.
After falling 17.5% and wiping around $160 billion in market value in the trading sessions after Trump's tariff declaration on April 2 to this Monday, Tesla shares started trading at $245 on Tuesday.
Especially, on Monday Elon Musk posted a video of Milton Friedman denouncing trade taxes after the first $160 billion losses on Tesla shares. This led to conjecture that close advisers to Trump could be advocating a compromise.
On the 24-hour chart after this mysterious post on X, TSLA price showed increases. Still, at press time the White House's posture is uncompromising. Given the generally gloomy attitude of the global market, the slump can continue in the next trading sessions.
The company's worldwide supply chainsāespecially with China and Canadaāleave it vulnerable to retaliatory tariffs, therefore undermining expectations of reaching quarterly objectives as verified by Elon Musk in March.
By comparison, dogecoin is a distributed asset devoid of supply chain weaknesses or physical activities. Not by commodities prices or geopolitical danger, but by crypto market flows, community engagement, and investor mood, its price is shaped. DOGE has a degree of insulation that Tesla, a global company, simply can not have thanks to its disengagement from conventional economic factors.
Investors are eagerly watching as Dogecoin maintains stability around $0.16 in line with Tesla's $160 billion slide. Whether this tendency will endure for the next foreseeable future is yet to be seen. But starting at the turn of the year, DOGE pricing has clearly shown early symptoms of decoupling from Elon Musk's X feed.
Currently trading at $0.1511 after recovering from a recent low of $0.14, dogecoin price has recovered the $0.15 level. Although this action shows a 10% rebound in 24 hours, data point to caution in expecting a continuous breakthrough above $0.16.
Reflecting residual negative momentum even with the increase, the Relative Strength Index (RSI) is low at 36.95, considerably below the 50-neutral zone.
The RSI's inability to pass its moving averageāyellow line at 42.16āsuggests declining purchasing vigor, hence eroding confidence in the lifetime of the rally. This difference draws attention to a possible tiredness in bullish pressure unless volume guarantees further upward movement.
Volume surged to 877.38 million DOGE, indicating fresh interest; nevertheless, the price stays below the 50-day moving average close to $0.17, hence constraining optimistic short term growth. More especially, the Bollinger Bands are tightening and show a volatility squeeze with resistance around $0.19 and support at $0.15.
This implies rather than the beginning of a fresh uptrend, the current rally might be a correction of oversold circumstances.
Targeting $0.17, a daily closing above $0.16 might change the short-term bias positive.
On the other hand, a closing below $0.15 would confirm the decline and run the danger of a $0.13 retreat. The present trading indication indicates that RSI crossing confirmation and volume follow-through will determine the price of Dogecoin today.
Crypto founder Edoardo Farina remains confidentāXRP is set for higher prices in 2025! Despite recent market dips, XRP has still managed to shine this year:
š¹ Current Price: $2.40 (-4% daily) š
š¹ Year-to-Date Gains: +15% š (while BTC is down 10% and ETH down 40%)
After a stellar start to 2025, can XRP reclaim its momentum and surge higher? With bullish factors in play, the market is watching closely! š
Where do you see XRP heading next? š¬ā¬ļø #XRP #Crypto #Binance
Bitcoin has been struggling to stay above $98,000 since February 6. Some analysts suggest that market manipulation could be at play, while others point to whale groups and sophisticated bots. Although these theories are unproven, the market remains dynamic and full of surprises.
Do you think Bitcoin will break its current range soon? Let us know your opinion in the comments! Remember, the crypto market always has something new to offer.
Market dread and uncertainty rise as the Crypto dread and Greed Index drops to 35. Bitcoin has lost 1.08% in the previous 24 hours at $97,000.
With a market cap under $2 trillion, Bitcoin's momentum is limited. A morning star pattern suggests a bullish return, but institutional support stops abruptly, signaling a further decline.
BTC is consolidating between the 50-day and 100-day EMA levels, making traders cautious. The MACD and signal lines are bearish after the recent downturn.
Bitcoin is near a major support level, but the momentum indicator suggests selling. This usually goes against purchase at support, sell at resistance.
The morning star pattern favors a bullish reversal rally, which might boost market recovery.
Ascending Triangle: Bullish Breakout or Breakdown? Scaled up, the local support trendline creates an ascending triangle with a ceiling of $106,000. If BTC holds support in this pattern, the market may rebound briefly.
Bitcoin might challenge above resistance and rise almost 10%. BTC might tumble if bulls fail to maintain control at this support level.
Bitcoin is now supported above $91,000, and a close below this level would heighten downside risks.
Institutional ETF Flows Show Mixed Sentiment Daily net inflow of U.S. Bitcoin spot ETFs was negative on February 6. Single buyer Grayscale BTC Mini Trust brought in $5.15 million.
Major sellers included Fidelity ($103.25 million) and Grayscale BTC Trust ($42.21 million). This shows Grayscale Mini BTC Trust and Grayscale BTC Trust have different views.
Grayscale BTC Trust has lost $21.91 billion, indicating ongoing selling pressure. BlackRock, the biggest Bitcoin ETF with $56.252 billion in net assets, was neutral with zero net flow.
šÆ7 Low-Cap Altcoins to Buy for Big Returns in 2025.
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While Bitcoin (BTC) continues to trade at all-time highs, the rest of the cryptocurrency market is also seeing increasing interest. Altcoins are reaching new highs and attracting investors from all over the world. Cardano (ADA), Sui (SUI), Toncoin (TON), Aptos (APT), Uniswap (UNI), Jupiter (JUP), and FXGuys ($FXG) are all low-cap altcoins that can be invested in for big returns in 2025. These high-potential altcoins present unique market opportunities for investors looking to diversify their portfolios. Among them, the success of FXGuysā presale is one of the main reasons why investors are turning to the platform. The presale, currently in Phase 2, is at $0.04 and has raised more than $3.1 million to date.
- The cryptocurrency market shows signs of recovery with a total capitalization of $3.46T, an increase of 3.61% in the last 24 hours. However, Bitcoin's dominance continues to strengthen, reaching 56.18%.
- Bitcoin is trading at $98,279, reflecting a growth of 3.88%. Despite market volatility, BTC continues to be a safe haven for investors.
- Ethereum, although up by 2.07%, remains lagging compared to Bitcoin, highlighting market uncertainty.
- Despite the gains, the market remains under bearish pressure, with 60% of coins losing value.
it's a very good decision, if to strengthen, the economy is excellent, well done š
CriptoPulse
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Fresh news in the crypto world! š The elected president of the U.S., Donald Trump, has appointed Bo Hines as the executive director of the Presidential Advisory Council for Digital Assets. Hines, a former American football player and crypto advocate, will work alongside David Sacks to drive innovation in the sector. This council aims to strengthen the technological leadership of the U.S. in cryptocurrencies. What do you think of this move? Share your thoughts in the comments!
The administration #Trump has opened a "new era" for U.S. cryptocurrencies
The worst regulatory environment for the markets #Criptomonedas is now behind us, says #JPMorgan
The victory of #DonaldTrump in the presidential elections of November is already marking the beginning of a new era for cryptocurrencies in the United States, JPMorgan (JPM) said in a report on Wednesday, noting that the total market capitalization of cryptocurrencies has increased by approximately 65% since its reelection.
"This new administration not only brings a sense of kindness towards cryptocurrencies but has also shown enthusiasm for promoting this asset class," wrote analysts led by Kenneth Worthington.
The incoming administration has shown its willingness to discuss cryptocurrency market regulation and how to maintain future development in the U.S., according to the report, adding that the president-elect has already nominated several individuals who will participate in the formulation and enforcement of cryptocurrency policies.
This means that a floor has been established, as the "worst regulatory environment for cryptocurrencies" is now a thing of the past, according to the report. The ecosystem is now expected to become a "safer, more transparent, and more productive industry (from a regulatory perspective) from this point onward".
Still, these positive factors may take some time to take effect.
JPMorgan warned that the market may not see impacts from policies for at least nine to twelve months after Trumpās term begins.
A more productive regulatory environment would lead to the inclusion of more tokens on exchanges and brokers, and also encourage greater product innovation, the report added. #BinanceSquareFamily $BTC
š¤, this is how it goes up and down š², I hope it stabilizes š
BloqueTrends
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- The cryptocurrency market faces a discouraging outlook, with Ethereum Classic (ETC) falling 3.72% in the last 24 hours, surpassing the 1.95% drop of the overall market. Despite this, sentiment towards Bitcoin remains optimistic, standing out as a safe haven in times of uncertainty.
- The short-term trend of ETC is neutral, with a Fear and Greed index at 83, indicating extreme greed. Although an increase of 8.46% is expected in the coming days, market volatility and unpredictable behavior suggest caution.
- Long-term moving averages indicate a bearish market for ETC, with the current price below the 50 and 200-day trends. However, the crypto community holds hope in BTC's potential to lead a recovery.
I believe the comment is timely, and that Binance has been growing over the years, and this can be measured by the volume and the trust of the investors.
Richard Teng
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In 2024, #Binance recorded an incredible $21.6 billion in user fund deposits!
Ā· Average Bitcoin deposits grew from 0.36 BTC to 1.65 BTC. Ā· USDT deposits surged from $19.6K to $230K, reflecting the rising interest from professional and corporate investors.
In 2024, #Binance recorded an incredible $21.6 billion in user fund deposits!
Ā· Average Bitcoin deposits grew from 0.36 BTC to 1.65 BTC. Ā· USDT deposits surged from $19.6K to $230K, reflecting the rising interest from professional and corporate investors.
Bitcoin's December Surge: What's Driving the Momentum? As we approach the end of 2024, Bitcoin ($BTC) continues to dominate headlines, showing remarkable price movements this December. Letās break down the latest data and what it means for investors:
š Current Price: Bitcoin is trading at approximately $97,738.36 (as of December 9, 2024), with its recent highs reaching over $101,000 and lows near $94,355ā STATMUSE ā CRYPTONEWS .
Key Factors Behind the Surge: 1ļøā£ Post-Halving Stability: After the April 2024 halving event, Bitcoin's block reward was reduced, creating supply constraints. This event historically sets the stage for bullish trends.
2ļøā£ Institutional Interest: Major developments like Bitcoin ETF approvals and increasing adoption by global financial institutions are driving demand. For example, BlackRock's ETF has attracted significant investments.
3ļøā£ Macroeconomic Climate: As global markets remain uncertain, Bitcoin continues to serve as a hedge against inflation, drawing retail and institutional investors alike.
Market Insights: Yearly Growth: Bitcoinās price has climbed over 130% in 2024, showcasing robust recovery and setting new benchmarksā STATMUSE ā CRYPTONEWS . All-Time Highs in Sight: Analysts predict Bitcoin could break the $100,000 mark by year-end or early 2025, fueled by growing investor confidenceā STATMUSE ā CRYPTONEWS . š” Pro Tip: Keep an eye on key support levels near $95,000. Any breakout above $100,000 could signal the next major rally.
Whatās Next for Bitcoin? With increasing adoption, regulatory clarity, and market optimism, Bitcoinās long-term outlook remains bullish. Now might be the time to reassess your portfolio and consider the potential of this leading digital asset.
š Join the Conversation: Whatās your prediction for Bitcoin in 2025? Share your insights below! $BTC $ETH #btc #bnb
Bitcoin's December Surge: What's Driving the Momentum? As we approach the end of 2024, Bitcoin ($BTC) continues to dominate headlines, showing remarkable price movements this December. Letās break down the latest data and what it means for investors:
š Current Price: Bitcoin is trading at approximately $97,738.36 (as of December 9, 2024), with its recent highs reaching over $101,000 and lows near $94,355ā STATMUSE ā CRYPTONEWS .
Key Factors Behind the Surge: 1ļøā£ Post-Halving Stability: After the April 2024 halving event, Bitcoin's block reward was reduced, creating supply constraints. This event historically sets the stage for bullish trends.
2ļøā£ Institutional Interest: Major developments like Bitcoin ETF approvals and increasing adoption by global financial institutions are driving demand. For example, BlackRock's ETF has attracted significant investments.
3ļøā£ Macroeconomic Climate: As global markets remain uncertain, Bitcoin continues to serve as a hedge against inflation, drawing retail and institutional investors alike.
Market Insights: Yearly Growth: Bitcoinās price has climbed over 130% in 2024, showcasing robust recovery and setting new benchmarksā STATMUSE ā CRYPTONEWS . All-Time Highs in Sight: Analysts predict Bitcoin could break the $100,000 mark by year-end or early 2025, fueled by growing investor confidenceā STATMUSE ā CRYPTONEWS . š” Pro Tip: Keep an eye on key support levels near $95,000. Any breakout above $100,000 could signal the next major rally.
Whatās Next for Bitcoin? With increasing adoption, regulatory clarity, and market optimism, Bitcoinās long-term outlook remains bullish. Now might be the time to reassess your portfolio and consider the potential of this leading digital asset.
š Join the Conversation: Whatās your prediction for Bitcoin in 2025? Share your insights below! $BTC $ETH #btc #bnb