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Elon Musk’s DOGE involvement at the White House is certainly changing, as the tech billionaire is now apparently stepping back from his Department of Government Efficiency role. This shift, which is happening right now, comes amid growing market volatility and has also raised several questions about regulatory uncertainty in crypto investments. Also Read: Shiba Inu’s Future If Bitcoin Soars to $2.4M: SHIB Holders Won’t Believe This Understanding Musk’s Shift in the DOGE Role: Impact on Market Volatility, Regulations & Crypto Investments Source: Reuters Musk’s Changing White House Role Elon Musk DOGE leadership is transitioning to a remote arrangement, and at the time of writing, the White House has confirmed that Musk is no longer physically working on-site. White House Chief of Staff Susie Wiles was clear about the fact that: “Instead of meeting with him in person, I’m talking to him on the phone, but it’s the same net effect.” Wiles also empha...

Tesla (TSLA), one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of its $1 billion in Bitcoin was sold in Q1 2025. The company did not buy or sell any of its Bitcoin, according to its latest earnings report. Tesla’s current holdings of Bitcoin are worth approximately $1,050,300,000 at press time. The holdings also have an unrealized gain of over $500 million. While the company didn’t sell any of its BTC holdings, Tesla last made a significant Bitcoin transaction in Q3 2024. Then, for the first time in two years, Elon Musk’s Tesla transferred all of its $760 million worth of Bitcoin assets from its public wallet. Tesla continues to cling to its substantial Bitcoin investment, even amid ongoing price turbulence for the largest cryptocurrency. It last reduced its holdings in Q2 2022 after liquidating 75%, or roughly $936 million worth of BTC. The company’s recent Bitcoin transfer did impact the asset’s price, causing it to surge to ...

Billionaire Elon Musk has long been associated with the meme coin Dogecoin (DOGE), having revealed in 2019 that it was his favorite cryptocurrency. Over the years, multiple Musk tweets and actions led to powerful DOGE rallies, with the biggest one – that led to the $0.7316 all-time high (ATH) – coming near the day he was the host of Saturday Night Live (SNL). Dogecoin might be my fav cryptocurrency. It’s pretty cool. — Elon Musk (@elonmusk) April 2, 2019 Dogecoin likewise reacted positively to Donald Trump’s re-election as the cycle was closely linked with Elon Musk, given his endorsement of the Republican, and his role in the new administration. Picks for you Long squeeze alert: 99% of March Bitcoin liquidations were long positions 28 mins ago ...

Thursday has continued what is a trend of volatility for the US stock market this year. Indeed, a host of the biggest market-cap companies saw their shares continue to fall. However, one may be set to enjoy a turnaround in the near future. Specifically, Tesla (TSLA) may be poised to see sales surge in one new market as the US eyes a key trade deal. 2025 has not been kind to Tesla stock so far. Despite sky-high expectations entering the year, the company has underperformed in nearly every metric. Moreover, its sales on a global basis have greatly declined. Yet, the US and President Trump may be preparing some reprieve for the Elon Musk-led firm. Source: Bitcoin.com Also Read: Tesla (TSLA) Drops 27% in February: Analysts Answer What’s Next Tesla Could Enjoy Turnaround as New Market Entry Eyes Boost From US Policy Throughout 2024, Elon Musk and Donald Trump formed a rather unlikely partnership. SpaceX head became a key part of the latter’s eventual return to the White House. Many tho...

There is no denying that less than two months into the year, Tesla (TSLA) has been one of the most disappointing stocks on Wall Street. Despite a rebound Wednesday, the company has struggled to find any footing. As Tesla (TSLA) has dropped 30% from its all-time high in December, experts see one key problem facing the company. Entering the new year, there were a plethora of reasons to be excited about where the stock could go. Moreover, the company’s leadership has pointed to incoming products as having $10 trillion potential for EV manufacture. However, that promise has not yet manifested into action on the stock market, as something seems to be holding investors back. Source: Bitcoin.com Also Read: Tesla (TSLA) Stock Drops for 5th Straight Day as OpenAI Bid Worries Experts Tesla Continues Underperforming as Wall Street Calls Out One Big Issue Tesla has long been one of the most well-respected companies in the United States, and for good reason. The brand has constantly stood on t...

The historic 2024 election saw an equally historic reaction from Wall Street as the US has decided its commander-in-chief for the next four years. Moreover, with plenty of companies surging in value, Tesla (TSLA), Nvidia (NVDA), and others emerge as the biggest stock winners after Donald Trump’s election win. Elon Musk and the EV manufacturer emerged as key winners after Trump’s victory. Musk had been closely connected to the campaign and is expected to hold a small position within the incoming administration. Not just Tesla, the billionaire was part of the top 10 that saw their net worth jump by $64 billion post-election. So, what stocks got a similar boost? Also Read: US Stock Market: How it Responded to Donald Trump’s 2024 Election Win Tesla & Nvidia Lead Stock Winners as Trump is Set to Return to the White House The United States stock market is currently surging from the results of the 2024 presidential election. Indeed, the country has seen the economic sector respond ...

After a historic election season, Donald Trump has once again emerged as the country’s commander-in-chief. Beating out current vice president Kamala Harris, the race provided a wide gap in both candidates, as all eyes now turn to what the next four years could look like. In the immediate aftermath, however, we break down how the US stock market reacted to Donald Trump’s 2024 election win. The victory couldn’t have occurred at a better time. Earlier this week, inflation figures were reported at 2.1%, just hovering above the Federal Reserve’s target. Moreover, with interest rate cuts expected, there is a bullish sentiment beginning to form around the country’s economic standing. That should have had a direct impact on the country’s stock market. Dow Jones Soars After Trump Election Win Source: CNBC Also Read: Nivida (NVDA) Boots Intel (INTC) From Dow Jones Index After 25 Years The 2024 presidential election outcome proved to be massive for the Dow Jones. Indeed, it led the way...

Tesla has split the 11,509 Bitcoin across seven wallets Arkham Intelligence said some have speculated that the move was to a crypto custodian Tesla remains the third largest publicly traded Bitcoin company being MicroStrategy and Marathon Digital Holdings Tesla still owns 11,509 Bitcoin despite the wallet movement last week, according to a blockchain analytics company. In a post on X, Arkham Intelligence said: “We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla. Tesla moved their entire balance of 11,509 BTC ($776.9M) to new wallets.” 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗧𝗘𝗦𝗟𝗔 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗪𝗔𝗟𝗟𝗘𝗧𝗦 We believe that...

Elon Musk revealed that SpaceX holds Bitcoin on its balance sheet in 2021 but the exact amount of company's holdings remain unknown. SpaceX's Bitcoin write- down report on Aug. 18  sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and sold it in 2021-22 or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold its entire BTC holdings while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. I actually read the WSJ report. I think @BitcoinMagazine is wrong here Yes, the report claims that SpaceX marked down the value of their bitcoin by 373m (btw, that doesn't mean they SOLD 373m) and sold *some*, but selling some doesn't necessarily mean they have no bitcoin left https://t.co/rLgwA0N8Zi pic.twitter.com/GSrOio7zku — Pl...