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Elon Musk's Tweet Sends Dogecoin Up 4% in Minutes

Dogecoin, a popular cryptocurrency with a dog theme, experienced a 4% surge in price within minutes after Elon Musk mentioned it in a tweet. The price of DOGE reached a high of $0.72 from $0.69 on Wednesday morning, but then dropped slightly to just under $0.70.

Musk has a history of commenting on cryptocurrency and dogecoin, and his comments today come just before Tesla's Q2 earnings report. Last year, the automaker announced the sale of some of its bitcoin holdings during its Q2 earnings report.

Dogecoin $0.15

+0.54%

Dogecoin Cryptocurrency Elon Musk Tesla

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Elon Musk's Tweet Sends Dogecoin Up 4% in Minutes

All Comments

Recommended for you

An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

USDC circulation increased by 200 million in the past 7 days

Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

Core Foundation launches $5 million innovation fund

In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million

$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued

The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar

In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million

Market News: South Africa authorizes 75 companies as cryptocurrency service providers

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