• Media mogul Rupert Murdoch and tech billionaire Elon Musk sparked Dogecoin (DOGE) discussions at the Super Bowl over the weekend.
• The Dogecoin price bounced back from $0.1 after the January crypto relief rally, and is currently at about $0.0832.
• Over $2.39 million has been liquidated from the Dogecoin market according to the latest update from Coinglass.
Media Mogul Rupert Murdoch & Elon Musk Spark Dogecoin Discussion At Super Bowl
The Dogecoin (DOGE) community was delighted by Elon Musk’s unexpected support during this year’s Super Bowl over the weekend. While wearing a Dogecoin-themed t-shirt, Musk was spotted sitting next to media mogul Rupert Murdoch, the owner of Fox and this year’s broadcaster of the Super Bowl, sparking a social media debate when he insinuated that Dogecoin was a topic of discussion between them two billionaires.
Dogecoin: Price Analysis & Market Outlook
The second largest proof-of-work (PoW) secured blockchain after Bitcoin enjoys a global user base of about 5,145,693 people and its current price is around $0.0832. On the daily time frame, if follows Baby Doge in price action then it is likely to rally beyond $0.155 which will invalidate the 2022 bear market. Meanwhile, over $2.39 million has been liquidated from the Dogecoin market according to Coinglass‘ recent update.
Elon Musk Pushing For Different Organizations To Accept DOGE As Payment
Elon Musk has been pushing for different organizations including McDonald’s to accept DOGE as a form of payment and with Twitter already working on its own payment feature it is anticipated that this meme-coin will be one of their top priorities as well .
SEC’s Regulations Impacting DeFi
Recently Securities and Exchange Commission (SEC)’s regulations have impacted Decentralized Finance (DeFi), causing Lido -the largest crypto staker -to sound alarm bells among investors who are worried about their investments in DeFi projects being affected due to SEC’s rulings on cryptocurrency regulations in USA .
USA CPI Reports Being Out Tomorrow
A Consumer Price Index (CPI) report will be out tomorrow which could potentially affect bitcoin and altcoins prices so traders should pay close attention to these reports before they make any decisions regarding their investments .