Dogecoin Open Interest Dips $200M as Elon Musk Turns Focus to Tesla

Dogecoin price rose 1% intraday as bulls defended the $0.26 support level. After testing multi-month peaks near $0.29 on ETF speculation last week, optimism remains strong ahead of Dogecoin ETF verdicts expected Thursday. However, Elon Musk’s recent moves doubling down on Tesla and Fed rate concerns have imposed short-term bearish sentiment on Dogecoin markets. On Monday, the billionaire entrepreneur announced a $1 billion purchase of Tesla shares, his first major reaction after Oracle founder Larry Ellis ...