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Dogecoin jumps 7.6% as SpaceX's debut pushes Elon Musk's net worth past $1 trillion

Market News
12 Jun 2026
Crypto news
View Source
Bullish
pluang ai news

Dogecoin surged up to 7.6% after SpaceX's stock market debut valued the company above $2.1 trillion, making Elon Musk the first person with a net worth over $1 trillion. The rally was driven by renewed investor interest linked to Musk and SpaceX, with Dogecoin breaking key technical resistance levels. However, analysts caution that the surge may be temporary, fueled more by excitement around Musk's milestone than Dogecoin's fundamentals, and warn that Bitcoin's potential decline could impact the crypto market sentiment.

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