• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Dogecoin (DOGE) Up 20% on the Day After Elon Musk Tweet

Nick Chong by Nick Chong
2 years ago
in Cryptocurrency Market News
Reading Time: 2 mins read

Dogecoin (DOGE) is up 20% in the past 24 hours despite Bitcoin, Ethereum, and other segments of the crypto market correcting after a jaw-dropping rally. BTC, for further context, is down 1% in the past 24 hours as it has failed to set new highs above $24,000.

Dogecoin’s rally has been expected for a while: in all prior bull markets, DOGE has seen relatively strong rallies compared to that of BTC. Though this latest rally seems to have been fueled by Elon Musk.

As reported by NewsBTC previously, the Tesla and SpaceX chief wrote on Twitter last night that Bitcoin is my safe word.”

In January, the billionaire said that the leading cryptocurrency is “not [his] safe word.”

Musk proceeded to mention that he likes Dogecoin. Or rather, just “Doge.”
The cryptocurrency immediately began to spike higher, which has happened every time the billionaire has mentioned the cryptocurrency over the past few months and years.
Unlike previous times, though, DOGE seems to be maintaining this rally. Again, Dogecoin is up 20% in the past 24 hours as of the time of this article’s writing.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Actually Interested in Bitcoin, Not Just Dogecoin?

Musk expressed some interest in investing in Bitcoin around the time he made the aforementioned tweets about BTC and Dogecoin.

Michael Saylor, CEO of MicroStrategy, said in response to the executive’s tweet about Bitcoin:

“If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.”

Musk responded by asking if such transactions in Bitcoin are possible, pursuing the idea of making this conversion. He did not respond to Saylor, nor did he comment on Dogecoin further after this interaction.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

While Musk’s views on cryptocurrencies seem to be mixed at times, especially since he teases Dogecoin so often, he does think BTC has some value.

He said earlier this year that BTC may have some value in a world where fiat monies are being constantly debased by central banks.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Dogecoin (DOGE) Up 20% on the Day After Elon Musk Tweet
Tags: DOGE/BTCDogecoindogeusd
Tweet123Share196ShareSend
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Ethereum Security Jack Dorsey

Former Twitter CEO Claims Ethereum Is A Security, Will This Affect Prices?

7 hours ago
crypto hack

Atomic Wallet Hack: Stolen Crypto Moved Through Mixing Service Linked To North Korean Hackers

8 hours ago
Cardano ADA

Cardano Founder Unveils SEC Motivation For Suing Binance

11 hours ago
“Not just an ordinary crypto exchange”: MaskEx’s Ben Caselin Reveals Ambitions Of UAE’s Hottest New Exchange Platform

“Not just an ordinary crypto exchange”: MaskEx’s Ben Caselin Reveals Ambitions Of UAE’s Hottest New Exchange Platform

12 hours ago
HedgeUp (HDUP) Anticipates 50X at Launch in June, Shiba Inu (SHIB) and Dogecoin (DOGE) Investors Fill Their wallets

HedgeUp (HDUP) Anticipates 50X at Launch in June, Shiba Inu (SHIB) and Dogecoin (DOGE) Investors Fill Their wallets

13 hours ago
Polygon (MATIC) Drops 4%, HedgeUp (HDUP) Rallies 300% in Stage 4 Presale, Whilst gaining 400+ Holders daily

Polygon (MATIC) Drops 4%, HedgeUp (HDUP) Rallies 300% in Stage 4 Presale, Whilst gaining 400+ Holders daily

13 hours ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    6 days ago
  • Willing to buy new crypto: Here are the best 10...

    7 days ago
  • Best Crypto Meme Coin Presales in 2023

    7 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Crypto Enthusiast Considers TMS Network (TMSN) A Great...

    2 hours ago
  • Kava vs. AltSignals. Which Token Has a Better Chance To 10x...

    2 hours ago
  • Investors Troop To Sparklo (SPRK) Amid Binance Coin (BNB)...

    3 hours ago
  • Can Mooky.io Outpace Dogelon Mars (ELON) and Big Eye Coin...

    13 hours ago
  • Is Mooky the Next Breakout Star after the Impressive Gains...

    13 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.