Dogecoin jumps after Musk tweets Tesla merchandise 'buyable' with the token


FILE PHOTO: A representation of cryptocurrency Dogecoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SINGAPORE: Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday's tweet.

Musk's tweets on the cryptocurrency, including the one where he called it the "people's crypto", buoyed the meme coin and caused it to soar roughly 4,000% in 2021. - Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

dogecoin , Tesla , Elon Musk

   

Next In Business News

CapitaLand to reduce reliance on retail, ventures into industrial real estate, logistics, data centres
Report: Affin Bank to dispose of asset management arm for over RM2bil
BHIC to cooperate with MACC in combat vessels probe
Uzma unit bags EnQuest job worth RM30mil
Khairussaleh Ramli to be appointed Maybank president, CEO
Bursa Malaysia rebounds on bargain hunting at final hour
Azman Hashim to retire from AMMB board
Azmin: Genting Hong Kong bankruptcy has no impact on Malaysian economy
China property shares slump as planned U.S. rate hike adds to woes
U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation

Others Also Read


Vouchers