Open on the timeline

Musk's 'Dogecoin is the people's crypto' tweets send it up 50%

Feb 4, 2021 · Documented · posts

Image: CNBC

A burst of Musk tweets promoting Dogecoin, a joke cryptocurrency, coincided with a more than 50% one-day price jump, adding to concerns about his influence over speculative assets.

45 likes55 dislikes

Score −0.08. Effect on the trend −0.08.

Source: Elon Musk tweeted. Dogecoin surged more than 50% | CNN Business

1. Elon Musk tweeted. Dogecoin surged more than 50% | CNN Business
2. Elon Musk, back on Twitter, sends Dogecoin soaring after tweeting his support
3. Price of dogecoin rises by 50% following Elon Musk tweet | Stock markets | The Guardian

Related

• Tesla discloses $1.5 billion Bitcoin purchase Feb 8, 2021
• Tesla buys $1.5 billion of Bitcoin Feb 8, 2021
• Musk funds $100M XPRIZE for carbon removal Feb 8, 2021

Not affiliated with Elon Musk