Dogecoin Plunges as Trump-Musk Feud Intensifies

The cryptocurrency Dogecoin (DOGE) has experienced a significant decline following the escalation of a public feud between US President Donald Trump and its prominent supporter, Elon Musk. The price has dropped by nearly 7% on June 6th as analysts suggest a potential 66% drop to $0.06. This downturn follows an ongoing dispute that began after Musk left his position in the Department of Government Efficiency (DOGE) and Trump threatened to terminate government subsidies related to Dogecoin, potentially saving billions of dollars.