Cryptoupdates

06/08 10:24

Analyzing Dogecoin’s Price Recovery Odds Amid Trum

Analyzing Dogecoin’s Price Recovery Odds Amid Trump-Musk Fallout

Dogecoin (DOGE) has experienced notable volatility recently, influenced by the public feud between Elon Musk and former President Donald Trump. Once allies, their fallout has had repercussions on various sectors, including the cryptocurrency market.

As of June 8, 2025, DOGE is trading at $0.1832, reflecting a 12% decline over the past week and a 6% drop in the last 24 hours . This downturn coincides with Musk's resignation from his role as a special government employee and his vocal criticism of Trump's $2.4 trillion fiscal bill, labeling it a "disgusting abomination" . In retaliation, Trump expressed disappointment, suggesting Musk had become unstable, and confirmed he had no interest in speaking with Musk .

Previously, Musk's association with DOGE had been a significant factor in its price surges. For instance, in late 2024, DOGE's price soared to a three-year high of $0.28, driven by speculation about Musk's potential role in Trump's administration and the proposed "Department of Government Efficiency" (D.O.G.E.) . However, the recent fallout has cast doubt on such prospects, leading to a decline in DOGE's value.

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