DogeCoin Soars as Musk Says Tesla Will Accept it for Merchandise Sales By Investing.com – Investing.com

  • Date: 14-Dec-2021
  • Source: Investing.com
  • Sector:Transport
  • Country:Middle East
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DogeCoin Soars as Musk Says Tesla Will Accept it for Merchandise Sales By Investing.com – Investing.com

By Dhirendra Tripathi

Investing.com – Dogecoin soared 16% Tuesday while Tesla (NASDAQ:) stock traded 2.1% lower in premarket after CEO Elon Musk said the EV-maker will accept the cryptocurrency for merchandise on a test basis.

Dogecoin was one of the very few cryptocurrencies trading in the green today. () was down 3% and ethereum fell 5%, amid jitters ahead of a likely tightening of the Federal Reserve's monetary policy on Wednesday.