Dogecoin value jumps 800% after Trump names Musk efficiency chief

Dogecoin's value surged 800% after Donald Trump appointed Elon Musk as the head of a new agency called the Department of Government Efficiency, or DOGE. The price jumped from $0.15 to $0.42 in just days. Interest in Dogecoin spiked, with Google searches increasing by 777% following Musk's appointment. This rise in popularity coincided with Bitcoin reaching an all-time high of $90,000, fueled by Trump's election victory and his pro-crypto stance. Musk's close ties to Trump and his role in the new department may influence the regulatory environment for cryptocurrencies. The recent developments have attracted significant attention from investors in the digital asset market.