The crypto money market, which has been in a downward movement for a few days, entered a recovery process with the official announcement of Elon Musk’s purchase of Twitter last night. Bitcoin, which was circulating around $ 38,700 before the news came, rose again above $ 40 thousand with the news.
But last night’s real rising star was Dogecoin (DOGE), now fully associated with Elon Musk. Dogecoin continued to fall in parallel with the crypto money market until the news of Elon Musk, and before the news, it fell to the lowest level of the last period, 0.12. But with the sharing of the news, it gained tremendous value.
Dogecoin gained more than 30%
Dogecoin’s value dropped from 0.12 to 0, with the announcement of Elon Musk’s acquisition of Twitter. It rose to .1711. As of writing this article, Dogecoin has gained 33% in the last 24 hours and continues to be traded at 0.1650 levels. This rise took place even though Elon Musk has not made a new post about Dogecoin yet.
The crypto money market had suffered a great decline after the statements about inflation and monetary policy tightening from Europe and the USA. The main development that led to an increase in inflation all over the world and caused changes in monetary policies was, of course, the war between Russia and Ukraine.
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