Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1?

DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1?

CryptotickerCryptoticker2025/05/29 21:00
By:Cryptoticker

DOGE News: Elon Musk Leaves Government as Congress Reviews DOGE Cuts

In a major development making waves across political and crypto circles, Elon Musk has officially ended his role as a Special Government Employee under the Trump administration. Musk had been heading the Department of Government Efficiency (DOGE) , pushing forward aggressive proposals for cutting federal expenditures — especially targeting foreign aid, USAID, and public broadcasting.

Congress is now set to review and vote on a legislative package shaped by Musk’s initiatives, reigniting debates around fiscal reform and long-term government savings. The move has led to a surge of interest in Dogecoin, not only because of the department’s acronym (DOGE) but also due to Musk’s historical support for the meme coin.

DOGE ETF Filing: 21Shares Sparks Institutional Interest

Another bullish catalyst for $DOGE is the recent filing by 21Shares to launch the first-ever Dogecoin ETF. This move marks a major step toward institutional adoption and could open the door for mainstream investors to gain exposure to $Dogecoin via traditional financial markets. The ETF, if approved, would signal growing recognition of DOGE as more than just a meme, but a legitimate digital asset with lasting market relevance. The timing of this filing has coincided with the current price surge and reinforces the bullish momentum.

Dogecoin Price Surge: What’s Fueling the Momentum?

As of now, $Dogecoin is trading at $0.2257, up 1.17% in the last 24 hours, with a 24h high of $0.2278. Trading volume has climbed to $1.4 billion, reflecting a clear increase in market interest.

DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1? image 0 By TradingView - DOGEUSD_2025-05-29 (5D)

$DOGE is riding a fresh wave of optimism, largely fueled by:

  1. Renewed retail investor engagement across crypto communities
  2. Increased attention from the political sphere, especially with Trump-era crypto narratives regaining momentum
  3. Memecoin revival trend, with $DOGE standing out again amidst a saturated market of newer meme coins
  4. ETF filing from 21Shares, signaling a shift toward institutional credibility

DOGE Price Prediction: Can Dogecoin Hit $1 in June?

$DOGE is still 69.4% below its all-time high of $0.7376 (May 8, 2021), but the current momentum could shift that trend. If buying pressure continues and $DOGE manages to break resistance levels around $0.25 and $0.30, a surge toward $1 by June 2025 remains within reach.

It’s worth noting that $Dogecoin’s uncapped supply (∞) presents inflationary challenges over the long term. However, its growing integration with major platforms, potential use in microtransactions, and longstanding cultural relevance keep the bullish case alive.

DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1? image 1 By TradingView - DOGEUSD_2025-05-29 (YTD)

Conclusion: DOGE Eyes the $1 Mark Amid Political Spotlight

With Elon Musk stepping away from his DOGE-led government post, $Dogecoin making headlines in political circles, and institutional players like 21Shares joining the game, momentum is building fast. As the market responds to both fundamental and narrative-driven factors, $DOGE could be gearing up for another historic move — and possibly a run toward the $1 milestone in June.

$DOGE, $Dogecoin

DOGE News: Elon Musk Leaves Government as Congress Reviews DOGE Cuts

In a major development making waves across political and crypto circles, Elon Musk has officially ended his role as a Special Government Employee under the Trump administration. Musk had been heading the Department of Government Efficiency (DOGE) , pushing forward aggressive proposals for cutting federal expenditures — especially targeting foreign aid, USAID, and public broadcasting.

Congress is now set to review and vote on a legislative package shaped by Musk’s initiatives, reigniting debates around fiscal reform and long-term government savings. The move has led to a surge of interest in Dogecoin, not only because of the department’s acronym (DOGE) but also due to Musk’s historical support for the meme coin.

DOGE ETF Filing: 21Shares Sparks Institutional Interest

Another bullish catalyst for $DOGE is the recent filing by 21Shares to launch the first-ever Dogecoin ETF. This move marks a major step toward institutional adoption and could open the door for mainstream investors to gain exposure to $Dogecoin via traditional financial markets. The ETF, if approved, would signal growing recognition of DOGE as more than just a meme, but a legitimate digital asset with lasting market relevance. The timing of this filing has coincided with the current price surge and reinforces the bullish momentum.

Dogecoin Price Surge: What’s Fueling the Momentum?

As of now, $Dogecoin is trading at $0.2257, up 1.17% in the last 24 hours, with a 24h high of $0.2278. Trading volume has climbed to $1.4 billion, reflecting a clear increase in market interest.

DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1? image 2 By TradingView - DOGEUSD_2025-05-29 (5D)

$DOGE is riding a fresh wave of optimism, largely fueled by:

  1. Renewed retail investor engagement across crypto communities
  2. Increased attention from the political sphere, especially with Trump-era crypto narratives regaining momentum
  3. Memecoin revival trend, with $DOGE standing out again amidst a saturated market of newer meme coins
  4. ETF filing from 21Shares, signaling a shift toward institutional credibility

DOGE Price Prediction: Can Dogecoin Hit $1 in June?

$DOGE is still 69.4% below its all-time high of $0.7376 (May 8, 2021), but the current momentum could shift that trend. If buying pressure continues and $DOGE manages to break resistance levels around $0.25 and $0.30, a surge toward $1 by June 2025 remains within reach.

It’s worth noting that $Dogecoin’s uncapped supply (∞) presents inflationary challenges over the long term. However, its growing integration with major platforms, potential use in microtransactions, and longstanding cultural relevance keep the bullish case alive.

DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1? image 3 By TradingView - DOGEUSD_2025-05-29 (YTD)

Conclusion: DOGE Eyes the $1 Mark Amid Political Spotlight

With Elon Musk stepping away from his DOGE-led government post, $Dogecoin making headlines in political circles, and institutional players like 21Shares joining the game, momentum is building fast. As the market responds to both fundamental and narrative-driven factors, $DOGE could be gearing up for another historic move — and possibly a run toward the $1 milestone in June.

$DOGE, $Dogecoin

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!