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DOGE jumps 7.6% as SpaceX IPO lifts Elon Musk to trillionaire status, boosting crypto markets.

Market News
13 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Dogecoin surged 7.6% on June 12, 2026, reaching $0.091 intraday, driven by SpaceX's IPO debut at $150 per share which pushed the company's market cap above $2.1 trillion. This milestone made Elon Musk the first trillionaire, positively impacting crypto sentiment and lifting Bitcoin above $64,000. However, experts caution the rally may be short-lived, fueled more by Musk's wealth news than Dogecoin's fundamentals, with some predicting potential downward pressure if Bitcoin falls significantly. DOGE retraced to around $0.087 as traders took profits after the initial surge.

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