Bitcoin Hits $70,000 but DOGECOIN Takes the Lead
The post Bitcoin Hits $70,000 but DOGECOIN Takes the Lead appeared on BitcoinEthereumNews.com.
Bitcoin jumped to $70,000 to start the week, but it was DOGECOIN taking all the attention, as DOGE moved up 10% with another Elon meme Bitcoin (BTC) surged on Monday, reaching a three-month peak at $70,000 mark and within about 5% of its all-time high of $73,500 from March. Source: Brave New Coin Bitcoin Liquid Index Dogecoin (DOGE) skyrocketed 10% after a shoutout during a Donald Trump campaign event. Elon Musk, who has aligned with Trump’s campaign, suggested creating the “Department of Government Efficiency,” conveniently abbreviated as D.O.G.E., aiming to reduce U.S. government spending. Musk later fueled the meme-fueled hype with a tweet featuring himself in a DOGE-themed avatar. Source: X Elon keeps injecting the DOGE meme into the US electoral conversation. Republican presidential candidate Donald Trump announced that if he wins the upcoming election on 5 November, he will establish a department of government efficiency commission led by billionaire Elon Musk, a prominent supporter. Trump outlined this plan during a comprehensive speech on his economic vision for the country. According to sources familiar with the discussions, Trump has been exploring the idea of a government efficiency commission with his advisors for several weeks. However, his address at the New York Economic Club early this month marked the first time he publicly backed the concept. It was also the first time Trump revealed that Musk had agreed to lead the initiative. While Trump did not provide specific details about the commission’s operation, he stated that its mission would be to develop a plan to eliminate “fraud and improper payments” within six months of its formation. “I will establish a government efficiency commission tasked with conducting a full financial and performance audit of the entire federal government, and proposing bold reforms,” Trump said. “Happy to serve,” said Musk on X in…
Filed under: News - @ October 28, 2024 10:22 pm