1 August 2026
Dogecoin Price Falls As Twitter Vows Legal Action Against Elon Musk
The market this week opened on a bear note, but it has ended the weekend with some decent gains surpassing the overall market cap above $950 billion. Currently, the global crypto market cap is at $955.39 Billion.
Bitcoin started its bullish journey, and along with it altcoins too witnessed a decent run.
However, the Dogecoin price saw a fall after Elon Musk’s Twitter deal getting terminated. This deal served as a mainstream adoption for Dogecoin.
As the news of Elon Musk terminating the Twitter deal spread all over, the Dogecoin price dropped almost 4%. Currently, it is trading at $0.069. However, it looks like Elon Musk’s announcement has not impacted much on Dogecoin’s price, as the currency is still signaling green.
Earlier, Elon Musk was going to purchase, Twitter for about $43 billion. However, he sent a termination letter to Twitter through his lawyers. As per the letter, Twitter failed to disclose information regarding the spam and fake accounts cited on the platform. He had paused the deal in May due to the same reasons.
First, when Elon Musk approached the deal, there was an indication for integrating Dogecoin into Twitter. This news pushed the price of Dogecoin towards some gains.
Twitter now has decided to fight back with legal action against Elon Musk. This move will see a legal battle between the two.
The legal fight could have a severe impact on Dogecoin prices and the overall market.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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