The cryptocurrency community is abuzz with excitement as the prospect of Elon Musk’s X platform rolling out payments this year gains momentum, fueling hopes for the integration of digital currencies like Dogecoin (DOGE) into the social media giant’s ecosystem.
After charting impressive gains and recording new all-time highs, Bitcoin’s price has violently retraced to a weekly low of $67,000, dragging altcoins like Dogecoin and Shiba Inu down with it, leading to nearly $700 million in liquidated trader positions within the past 24 hours.
The meme cryptocurrency Dogecoin (DOGE) experienced a 14% spike following Elon Musk’s comments about potentially accepting DOGE as a payment method for Tesla vehicles.
