Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Dogecoin Declines after Survey Calls for Quitting of Elon Musk as Twitter Chief

Dogecoin Declines after Survey Calls for Quitting of Elon Musk as Twitter Chief

Kelly Cromley by Kelly Cromley
Dec 20, 2022
in Market News, News
Reading Time: 2 mins read
0

Bitcoin and Ether prices plummeted alongside the remainder of the top 10 non-stablecoin cryptos during Tuesday early trading in Asia, as fears about the viability of cryptocurrency exchange and a probable worldwide recession seemed to drag on markets. Following a user referendum, Twitter Inc. CEO and memecoin champion Elon Musk is set to stand down from his position as CEO of the social media company.

As per CoinMarketCap, Bitcoin declined 1.8% to US$16,456 in the 24 hours before 8 a.m. in Hong Kong, whilst Ether slid 1.4% to US$1,168. Bitcoin has shed about 2% over the last week, while Ether has fallen over 5%.

In the last twenty-four hours, the worldwide cryptocurrency market capitalization decreased 2.6% to $790 billion, while transaction volume increased 47.3% to $30.81 billion.

Dogecoin fell l9% to US$0.07161 after a Twitter survey in which 57% of more than 17 million participants suggested Musk should resign as CEO. Musk initially said that he would comply by the outcomes of the vote, but he has subsequently stated that he does not yet have a successor.

Musk acquired Twitter for $44 billion and assumed the position of CEO around 50 days ago, despite previously maintaining that he saw the position as temporary. Musk, CEO of electric vehicle maker Tesla Inc. and among the world’s wealthiest men, has pushed the leading memecoin Dogecoin. This includes the possibility of integrating Dogecoin as a payment option on Twitter. Shiba Inu fell 4.8% to US$0.000008171 per share.

Persistent worries over the viability of the world’s biggest cryptocurrency exchange, Binance Global Inc., drove the price of its native token, BNB, down 4.3% to US$240.61. Following the collapse of the FTX exchange last month, Binance issued an assessment of its assets. However, the accounting company that conducted the analysis, Mazars Group, has now ceased working with crypto exchanges, adding to investor fears about utilising such platforms and huge withdrawals.

Cardano dropped by 5.2% to $0.25, while Polygon slid by 5.1% to $0.77. On Monday, U.S. markets closed down. The Dow Jones Industrial Average concluded the day down 0.5%, the S&P 500 Index sank 0.9%, and the Nasdaq Composite Index plummeted 1.5%.

The US Federal Reserve hiked benchmark interest rates by the anticipated 50 basis points on Wednesday, pushing them to a 15-year peak of between 4.25 and 4.5%. However, Federal Reserve Chair Jerome Powell responded with aggressive remarks about future rate rises, heightening fears of a worldwide recession.

On Monday, Tesla shares ended at US$149.87, marking the initial time in almost two years that the firm’s share price fell under US$150. Analysts have said that Musk is excessively concentrated on Twitter. Relative to the S&P 500’s 19.9% loss and the Nasdaq’s 32.6% loss, Tesla shares are down 57.5% year-to-date.

 

Previous Post

573.4bln Shiba Inu Purchased by Whales in Last 48 Hours

Next Post

Bitcoins Moved by Defunct Cryptocurrency Exchange QuadrigaCX

Related Posts

datavault-ai

DataVault AI Acquires SyncIN Tech to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
0

DataVault AI Inc. (NASDAQ: DVLT), a technology firm based in Beaverton and currently valued at approximately $52 million, has announced...

tron-partners-with-trump

Tron Moves to Support TRUMP Coin Amid Market Uncertainty

by Kelly Cromley
Jul 8, 2025
0

Tron has disclosed its intention to integrate the TRUMP meme coin onto its blockchain through the LayerZero protocol, in a...

Dubai Land Department Partners with Crypto.com

Dubai Teams Up with Crypto.com to Digitize Real Estate Market

by Kelly Cromley
Jul 7, 2025
0

The Dubai Land Department (DLD) has entered into a strategic agreement with global cryptocurrency firm Crypto.com to establish a digitally...

hyperscale-data

Hyperscale Data to Launch Solana Validator Node in 3Q25

by Kelly Cromley
Jul 7, 2025
0

Hyperscale Data, Inc., listed on the NYSE American under the ticker GPUS, has announced that its fully owned subsidiary, Ault...

mercado-bitcoin

Mercado Bitcoin Begins Process of Tokenizing RWA on XRP Ledger

by Kelly Cromley
Jul 7, 2025
0

The landscape of tokenized real-world assets (RWAs) is undergoing a notable transformation, driven by a confluence of institutional initiatives, strategic...

red-bull-partners-with-agent-daredevil

Red Bull PH Backs AI Daredevil in Web3 Sports Push

by Kelly Cromley
Jul 7, 2025
0

Red Bull Philippines has entered into a landmark collaboration with Agent Daredevil, a fully autonomous AI sports predictor built entirely...

Next Post
Bitcoins Moved by Defunct Cryptocurrency Exchange QuadrigaCX

Bitcoins Moved by Defunct Cryptocurrency Exchange QuadrigaCX

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

datavault-ai
Market News

DataVault AI Acquires SyncIN Tech to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
tron-partners-with-trump
Market News

Tron Moves to Support TRUMP Coin Amid Market Uncertainty

by Kelly Cromley
Jul 8, 2025
Dubai Land Department Partners with Crypto.com
Market News

Dubai Teams Up with Crypto.com to Digitize Real Estate Market

by Kelly Cromley
Jul 7, 2025
hyperscale-data
Market News

Hyperscale Data to Launch Solana Validator Node in 3Q25

by Kelly Cromley
Jul 7, 2025
mercado-bitcoin
Market News

Mercado Bitcoin Begins Process of Tokenizing RWA on XRP Ledger

by Kelly Cromley
Jul 7, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree