Dogecoin surged 11% to nearly $0.11 following news that X, formerly known as Twitter, will introduce a feature allowing users to trade stocks and cryptocurrencies directly from their timeline. This development, announced by X's head of product, has historically influenced Dogecoin's price, especially given X owner Elon Musk's frequent endorsements of the memecoin.
Meanwhile, Bitcoin and Ethereum experienced slight gains before dipping. Bitcoin briefly reached $70,434 but fell to $69,798, with $360 million in outflows from US Bitcoin ETFs. Ethereum also saw a brief spike to nearly $2,100 before settling at $2,080, amid $161 million in weekly outflows from Ethereum ETFs. Market volatility continues as investors react to macroeconomic factors and potential Federal Reserve leadership changes.
Dogecoin Jumps 11% as X Announces Crypto Trading Feature
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