JOURNAL ARTICLE

Dogecoin rebounds 3% as Elon Musk backs down from feud with Trump.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: McGrath, Catherine 3 of 3

Abstract

The article focuses on the impact of a public feud between tech billionaire Elon Musk and President Donald Trump on the price of Dogecoin, a cryptocurrency. Following Musk's apology for his previous posts about Trump, Dogecoin experienced a 3% rebound, rising from 19 cents to over 20 cents. The feud escalated after Musk criticized a spending bill, leading to a series of exchanges where Musk made unsubstantiated claims about Trump’s connections to Jeffrey Epstein. The article also notes that Musk's controversies have historically influenced Dogecoin's value and mentions a significant drop in Tesla's share price during the dispute. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:185909276
  • Copyright Statement:Copyright of Fortune.com is the property of Fortune Media (USA) Corporation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.