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Dogecoin (CRYPTO: DOGE) is trading lower on Thursday. The meme coin's token price is seeing bearish pressures in conjunction with recent comments made by Tesla (NASDAQ:TSLA) CEO Elon Musk.
What Happened: The cryptocurrency last traded down 3.9% over the past 24 hours at $0.0869.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were also trading lower.
The S&P 500 and Nasdaq Composite were down 0.1% and up 0.2%, respectively.
Musk, a Dogecoin fan, said he plans to keep buying the cryptocurrency and will not sell his remaining meme coin or Shiba Inu (CRYPTO: SHIB) holdings.
"I keep getting doge & shib. I can't escape it. Fine, I'll keep buying," Musk said in a tweet on Thursday.
The Tesla CEO previously said he would sell his remaining Dogecoin if his followers voted for him to do so, but a recent poll showed 53.9% of respondents were against the move.
Dogecoin Price Action: Over the past 24 hours, Dogecoin has traded as high as $0.088 and as low as $0.084.
The meme coin has a 52-week trading range of $0.048 to $0.18.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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