Elon Musk’s Crypto Comments Spark 8.02% Dogecoin Surge and Bitcoin Rally
Elon Musk’s recent social media activity has triggered a sharp rise in Bitcoin prices, reinforcing his well-documented influence over cryptocurrency markets. Following a series of posts and engagements on major platforms, the price of Bitcoin saw immediate upward movement, with traders reacting swiftly to the perceived signals of optimism from the Tesla and SpaceX CEO [1]. This pattern of market response is not new; Musk’s comments have historically been linked to significant price swings across various digital assets.
The most recent market reaction was partly driven by a tweet addressing Dogecoin on August 2, 2025, which led to an 8.02% price increase in that meme coin within a week, reaching $0.2394800 by August 9 [1]. While…
