Dogecoin’s (DOGE) price flipped bearish on June 5 after a public feud broke out between US President Donald Trump and his most celebrated backer, Elon Musk. DOGE price is down 7% over the last 24 hours to $0.

Dogecoin has tumbled since Tuesday morning as the conflict between Elon Musk and Donald Trump over the budget bill escalated.

Dogecoin DOGE $0.18487 experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets. Dogecoin’s latest plunge comes against a backdrop of risk-off sentiment.