The price of Dogecoin (DOGE) is down another 1.7% over the day and almost 10% on the week, dropping to a two-month low of $0.073, according to data from CoinGecko.

In a recent interview, Mark Yusko, the Founder, CEO, and Chief Investment Officer of SEC-registered investment advisor Morgan Creek Capital Management, LLC, shared his thoughts on $BTC and $DOGE.

Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low.

Dogecoin (DOGE) holders have remained mostly profitable amid the numerous calamities that have plagued the markets over the years. This is according to a recent disclosure from IntoTheBlock, a leading blockchain intelligence company.

American billionaire investor and CEO of Twitter, Elon Musk, has made an exciting disclosure about “DOGE” to his nearly 129.4 million followers on Twitter. In a tweet today, Musk confessed that he was the person who <i>“let the Doge out.”</i>

Dogecoin, just like the broader market, has seen a slowdown in price in recent times. However, the meme coin remains one of the most profitable for investors given its high profitability. This could be related to the fact that the larger majority of DOGE holders are choosing to hold their coins for a longer time.

Elon Musk continues to be one of the biggest factors influencing the Dogecoin price, as the Twitter CEO proved once again today. Musk made an apparent joke by writing, “High time I confessed I let the Doge out.” He also shared an image with an inscription.

The price of Solana ($SOL) has moved up nearly 30% over the last seven days to now trade above the $26 mark, as the cryptocurrency has been quickly recovering from the collapse of FTX, and as developers keep building on it.

Following yesterday’s PPI data, both the Nasdaq and the S&P 500 were at their long-term uptrend lines. We saw a big squeeze before the actual meltdown. This is usually the case when the narrative is bearish for the day and the technicals are right at support.

Floki and Dogecoin have gained significant bullish momentum today following Elon Musk’s latest tweet.