Elon Musk's Dogecoin surges after government appointment

Contributing sentiments towards policy:

64% : So when sentiment is very positive, it does get carried away a lot more than other asset classes.'Trump embraced digital assets during his campaign, promising to make the United States the 'crypto capital of the planet' and to accumulate a national stockpile of bitcoin.
63% : 'The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above.'Tesla and SpaceX CEO Elon Musk (R) jumps on stage as he joins Donald Trump during a campaign rally at site of his first assassination attempt in Butler, Pennsylvania on October 5Musk joins Trump during a campaign rally in Butler, Pennsylvania on October 5The euphoria extended across the crypto landscape with smaller tokens such as ether and dogecoin surging, although they dipped on Tuesday morning in Europe.
52% : Trump had already floated the idea of a new department to oversee federal spending under the watch of Musk.
52% : The original doge meme featured text over a photo of a Shiba InuMusk continues to share doge-related memes, and appears to back the cryptocurrencyAs Dogecoin climbed to a three-year high, Bitcoin rallied to the verge of $90,000 on Tuesday, also riding the wave of euphoria since the election of Trump as U.S. president on expectations his administration will be crypto friendly.
49% : Trump also unveiled a new crypto business, World Liberty Financial, in September.
46% : Musk, alongside entrepreneur and former Republican candidate Vivek Ramaswamy, will aim to cut federal spending by as much as a third after a 'complete financial and performance audit of the entire federal government, and making recommendations for drastic reforms', according to Trump.
30% : Crypto investors see an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler whom Trump has said he will replace.
27% : Since the election, Musk has reportedly been holed up at Mar-a-Lago as Trump considers his staffing choices.

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