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Dogecoin jumps on Elon Musk tweet as wild cryptocurrency buying and selling continues 

Host Elon Musk through the monologue on Saturday, Might 8, 2021.

Will Heath | NBCUniversal

The value of dogecoin spiked on Thursday morning after Tesla CEO Elon Musk talked about the coin on Twitter, including one other chapter to the unstable historical past of a cryptocurrency that began as a joke.

The value of the digital coin was up 11% to about 40 cents shortly earlier than 7 a.m. ET after the Musk tweet.

“How a lot is that Doge within the window?,” Musk wrote on Twitter.

Thursday’s transfer comes after a wild day for cryptocurrencies on Wednesday, which noticed bitcoin, ether and dogecoin all plunge sharply earlier than clawing again a piece of these losses later within the day.

Dogecoin jumps on Musk tweet

Musk talks and posts about dogecoin often, and mentioned earlier this month that he was working with builders to enhance the cryptocurrency. He has additionally referred to it as a “hustle” on “Saturday Evening Dwell” and mentioned its worth was largely speculative at this level.

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