Dogecoin value doubles to 41.5 cents after Trump announces new cost-cutting group DOGE

Dogecoin's value has surged to about 41.5 cents, more than double its price before the recent election. This increase follows President-elect Donald Trump's announcement of a new cost-cutting group called DOGE, led by Elon Musk and Vivek Ramaswamy. The DOGE initiative aims to reform government operations and reduce waste. It will collaborate with the White House and the Office of Management and Budget to implement structural changes in federal agencies. Overall, cryptocurrencies have gained traction since Trump's election victory. Bitcoin has also reached a record high, reflecting a broader trend in the digital currency market.