The cryptocurrency market experienced an 'uptober' rally, marked by significant price increases towards the end of the month. Bitcoin (BTC) was prominently affected, nearing the $71.5K mark—its highest since June. This upward trend influenced major cryptocurrencies, including Dogecoin (DOGE).
There are speculations about Elon Musk's possible impact on Dogecoin's recent surge. DOGE, a popular memecoin, recorded notable gains in the past 24 hours amid this bullish movement within the crypto space.
The connection between Musk and DOGE is not new, as his comments often lead to price fluctuations in the memecoin's value. The community continues to monitor Musk's activities, speculating on potential future impacts on DOGE's price.
