Dogecoin Price Slumps, Musk Denies U.S. Government Use – Is It A Buying Opportunity?

The cryptocurrency market experienced a downturn this week, with Ethereum (ETH) losing over 12% in value as tensions between nations escalate and trade deals stall. This broader market weakness has also weighed on memecoins like Dogecoin (DOGE), pushing its price down 47% in the past 90 days. The latest news is adding to this bearish sentiment: Elon Musk clarified that the U.S. government has no plans to adopt DOGE, sending the token further into red territory today. 💰