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The Department of Government Efficiency, or DOGE, is reportedly discussing the use of a public blockchain in its cost-cutting efforts.

The crypto market is witnessing fresh enthusiasm under Donald Trump's pro-crypto stance, prompting speculation on which altcoins he may support. With increasing institutional interest and evolving regulations, investors are closely monitoring potential additions to his portfolio.

Elon Musk, heading the Department of Government Efficiency (DOGE) under the Trump administration, has initiated discussions on integrating blockchain technology into government operations. Sources indicate that Musk and his team are evaluating public blockchain platforms to improve transparency and reduce costs in managing federal expenditures.

Dogecoin (DOGE) is experiencing short-term weakness aligning with the broader market trend, but an analyst is projecting a 3,000% rally in the asset's price.

Elon Musk's Department of Government Efficiency, aka DOGE, aims to start trimming trillions in federal spending with an unlikely plan to get the ball rolling.

Elon Musk's Department of Government Efficiency is reportedly considering cutting costs by adopting blockchain at the federal level.

Dogecoin's price has witnessed sharp downward volatility, driven by a sell-the-news strategy despite several positive events. The Department of Government Efficiency website featured a Dogecoin logo. Meanwhile, asset management firm Bitwise filed a spot Dogecoin ETF application with the U.S. SEC. However, this cluster of bullish news appears to have prompted profit-taking among Dogecoin holders.

Dogecoin (DOGE) price faces a mild price drawdown that aligns with the broader market trend. However, for Dogecoin, key metrics show sustained interest from some market participants and the potential for a short-term rebound.

The crypto market is currently under correction after a massive price surge last week. The prices of top altcoins like Dogecoin (DOGE) and Ripple (XRP) have plummeted. Nevertheless, their prices could increase in the coming weeks.

Dogecoin's price movements have been the subject of much speculation in the past few months by various crypto analysts, with many of the analyses based on its pattern repetition in market cycles.

Crypto investment management firm Bitwise filed paperwork to establish a Delaware statutory trust for a dogecoin exchange-traded fund (ETF) on Wednesday, according to a post by Bloomberg ETF analyst Eric Balchunas. The firm manages upwards of $10 billion in assets across sixteen funds, including spot bitcoin and spot ether ETFs.

Shiba Inu has been on a downward trend, facing increasing pressure as it approaches a significant support level at $0.000019. This level, last seen in October 2024, represents a critical point that could either stabilize the asset or lead to further declines.

Dogecoin's price action is on a correction path in the weekly timeframe, with the cryptocurrency currently down by about 13% in the past seven days. Although the broader crypto market sentiment appears positive, the king of meme coins is yet to take advantage of this and push above the $0.4 mark.

Cryptocurrency markets are trading marginally higher on Friday after President Trump's crypto executive order on Thursday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,111.01 -0.2% Ethereum (CRYPTO: ETH) $3,338.66 +1.9% Solana (CRYPTO: SOL) $258.79 +1% XRP (CRYPTO: XRP) $3.12 -1% Dogecoin (CRYPTO: DOGE) $0.3543 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00002006 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 6.5% and daily active addresses falling by 0.09%.

Senator Elizabeth Warren has suggested a long list of ways that Elon Musk's cost-cutting DOGE can save money—though she's deeply skeptical.

As Bitcoin and Ethereum soar, CATZILLA gains traction, outpacing DOGE and SHIB in investor interest and growth potential. #partnercontent

Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.

Dogecoin (DOGE), the first dog-themed meme coin, has recorded a 14% year-to-date (YTD) growth rate in January. This comes as the asset battles to sustain its rebound moves in its price journey to higher heights.

Contrary to expectations, the crypto market has largely experienced consolidation since Donald Trump's January 20 inauguration. Leading assets have remained range-bound, with little dramatic price movement.

Dogecoin (DOGE) price, a major meme-based cryptocurrency, has maintained bullish momentum, hovering above critical support levels. Analysts predict DOGE could surge to $15, fueled by speculative hype around a potential Dogecoin ETF.

Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

Bitwise plans to launch the $DOGE ETF. DOGE enthusiasts could benefit from this development.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are spiking on Friday, fueled by a significant spike in Shiba Inu's burn rate and speculation about a DOGE-focused ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3628 $53.6 billion +4.5% -11.7% Shiba Inu (CRYPTO: SHIB) $0.00002045 $12.04 billion +3.5% -15.6% Pepe (CRYPTO: PEPE) $0.00001587 $6.7 billion +8.2% -19.3% Trader Notes: Crypto analyst Investing Haven highlights Shiba Inu's promising trajectory despite short-term resistance.

US lawmaker Senator Elizabeth Warren has intensified her advocacy for responsible government spending and stricter crypto regulations. The senator outlined her vision for efficient federal operations in two separate letters and raised concerns over crypto-related ethical dilemmas.