"Dogecoin's Rise and Bitcoin's Slide: Twitter Rebranding and Elon Musk's Influence"

Dogecoin (DOGE) saw a 5% increase following Twitter's rebranding announcement, while Bitcoin (BTC) slipped below $29,100. Elon Musk's Twitter is undergoing a rebranding to X.AI, sparking speculation about Dogecoin's potential role in the company. Bitcoin's decline led to a drop in other major tokens, with Tron (TRX), Polygon (MATIC), and Solana (SOL) also experiencing losses. Analysts attribute the lack of bullish news and a quiet summer market as factors contributing to Bitcoin's price decline, with some predicting a potential support level at $27,000.