Krutika Adani
Donald Trump announced that the DOGE Department, led by Elon Musk and Vivek Ramaswamy, will streamline federal spending and regulations.
Dogecoin’s price spiked to $0.38 after Trump’s announcement, indicating strong market interest. Trading volume increased by 90%.
The DOGE Department aims to eliminate unnecessary regulations, cut wasteful spending, and optimize federal agency performance.
Dogecoin’s open interest has increased by over 11% in the past 24 hours, reflecting heightened trading interest.