00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump's inauguration on Monday introduced the Department of
00:06Government Efficiency led by Elon Musk, but the anticipation boost to Dogecoin
00:11failed to materialize. Dogecoin initially fell 5% before recovering,
00:15aligning with a broader market decline that included a 3% drop in Bitcoin.
00:19The department's website displayed a Dogecoin logo,
00:22which confused observers due to the lack of an official connection to the coin.
00:26The market's reaction indicates that investors were not strongly influenced
00:29by indirect links between Dogecoin and the Trump administration.
00:32For all things money, visit Benzinga.com slash GSTV.
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