Dogecoin Soars Following Trump’s $2,000 Payment Proposal

Dogecoin experienced a significant surge of over 5% after former President Donald Trump announced a proposed $2,000 payment to most U.S. adults. The announcement drew inspiration from the 2021 meme coin rallies, sparking excitement in cryptocurrency markets and triggering increased interest in social and institutional investment. This rally echoes similar sentiment seen in past stimulus-driven market spikes, impacting cryptocurrencies like Bitcoin, Ethereum, and others.