Dogecoin (DOGE) has crashed alongside a selection of other cryptocurrencies, including Bitcoin and Ethereum. The three popular currencies have already oscillated across the market, responding to popular feeling and actions of public figures. They all remain exceptionally volatile, especially when nudged by one man in particular.
Why is Dogecoin crashing?
DOGE started 2021 as one of the most popular cryptocurrencies on the market.
It surged in value from obscurity by up to 4,000 percent, with backing from multi-billionaire Elon Musk.
His influence has come as a double-edged sword and is unfortunately working against the market today.
Not long after his response, several cryptocurrency tokens on the market went into freefall.
Bitcoin clocked in at $39,416 per token around 11am, and two hours after Mr Musk’s tweet had dropped by 1.63 percent.
By 1.30pm it had settled on $38,774, a significant loss in just 150 minutes.
Ethereum slipped alongside BTC, plummeting 2.2 percent from $2,442 at the same time.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
USDC 
Dogecoin 
TRON 
Cardano 