Dogecoin Soars Nearly 6% on SpaceX IPO Buzz

Dogecoin (DOGE) surged nearly 6% after reports and market discussions surrounding a potential SpaceX IPO reignited bullish sentiment across the crypto market.

The latest rally appears to be fueled by news involving Elon Musk's ventures, which have historically been viewed as positive catalysts for DOGE.

Musk remains one of Dogecoin's most influential supporters and his previous endorsements have repeatedly triggered significant price movements.

The crypto market has shown signs of renewed strength in recent times, with Bitcoin maintaining key support levels and altcoins gaining momentum.