The cryptocurrency market, which has been in a downward movement for a few days, last night. Elon Musk bought Twitter It entered a recovery process with its official announcement. Bitcoin, which circulated at $38,700 before the news came, It was again over $40,000.

But if it was last night’s real rising star, now it’s all about Elon Musk. Dogecoin (DOGE) used to be. Dogecoin continued to fall in parallel with the cryptocurrency market until Elon Musk’s news, and before the news it fell to its all-time low of 0.12. But with the sharing of the news, it took on tremendous value.

Dogecoin gains over 30%

With the announcement of Elon Musk’s acquisition of Twitter, the value of Dogecoin, It rose from the 0.12 levels to the high of 0.1711. Dogecoin, as of the writing of this article It’s up 33% in the last 24 hours and it continues to trade at 0.1650 levels. This Bullish, Elon Musk Still Needs to Know About Dogecoin even though I didn’t post anything new took place.

The cryptocurrency market had suffered a major downturn after statements about inflation and monetary policy tightening from Europe and the US. Of course, the main development that led to a rise in inflation around the world and caused changes in monetary policy. It was the war between Russia and Ukraine†