Dogecoin rises 7% after tweets by Elon Musk revive interest in the token, while bitcoin and ether slip

dogecoin musk tweets elon bitcoin
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Dogecoin rises 7% after tweets by Elon Musk revive interest in the token, while bitcoin and ether slip

Climbed as much as 7% on Thursday after two new tweets from Elon Musk drove buyers towards the cryptocurrency. The Tesla chief executive a meme of Marlon Brando in The Godfather, with the caption: "Release the Doge!" He then tweeted a song about dogecoin. Dogecoin had been trading in the red but swiftly jumped back into the green, rising as much as 7% - from below $0.24 to $0.2573 - after Musk's tweets, according to . Dogecoin was up 1% over a 24-hour period at $0.2529. Meanwhile, both and traded lower. Musk has become one of the biggest drivers of the cryptocurrency markets in 2021. He contributed to the sharp fall in the value of bitcoin, by halting payments for Tesla electric cars in the token and attacking its energy use. The Tesla boss has long been a supporter of dogecoin, a joke token . Recently he has said he's been to try to improve its efficiency. Musk has not always been a positive influence on the token, however. Many doge investors hoped he would use his appearance on Saturday Night Live in May to boost the token, but he instead called it a "hustle." Dogecoin has fallen more than

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