Dogecoin (DOGE) rebounded after losing some 7.7% in 24 hours following a two-day rise as Elon Musk neared his takeover of microblogging service Twitter (TWTR). Musk has been a major supporter of DOGE, which has become a proxy for sentiment about him. The entrepreneur’s statements about the token have also consistently influenced its price. The token was trading 5% higher over 24 hours as of 11:00 UTC.
Source: https://www.coindesk.com/markets/2022/10/28/dogecoin-cardano-weigh-on-crypto-majors-after-us-tech-stocks-plunge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines