Dogecoin DOGE/USD tumbled 9.14% to $0.1726 on Friday as a public dispute between President Donald Trump and Tesla Inc. TSLA CEO Elon Musk sent shockwaves through cryptocurrency markets.

The meme cryptocurrency, which features a Shiba Inu logo and was created by Billy Markus and Jackson Palmer in December 2013, dropped alongside broader crypto selloffs that saw Bitcoin BTC/USD fall 0.98% to $103,793 and Ethereum ETH/USD decline 5.08% to $2,75, as of 6:11 am Eastern Time. Total crypto market cap fell 3.77% to $3.18 trillion.

The market turbulence coincided with escalating tensions between Trump and Musk after the Tesla CEO criticized the president’s spending bill as a “massive,…

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