Dogecoin Gains 25% After Token's Symbol Replaces Blue Bird as Twitter Logo
Markets
Dogecoin (DOGE) is higher by 25% over the past 24 hours after the Shiba Inu symbol representing the token replaced the familiar blue bird atop the Twitter homepage.
The popular meme coin was trading at $0.097, its highest level since early February. DOGE rose more than 30% in the hour following the change.
Elon Musk in the past has suggested the meme coin may offer better payments functionality than bitcoin.
This is a developing story. Please check back for updates.
UPDATE (April 3, 2023, 18:09 UTC): Updates percentage gain in headline and first paragraph, and adds historical price information.
Related news
Markets
Apr. 19, 2024
Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound
The whale purchases marked a change in behavior compared to their inaction during previous dips over the past week. The action perhaps helped bitcoin's rebound to $65,000, marking the $60,000 level as a key support level for bitcoin's price whe...
Markets
Apr. 19, 2024
Crypto Markets Will Be Driven by Macro Factors Following the Halving, Coinbase Says
Crypto markets will be driven by macro factors in the short term, Coinbase said. Previous halvings were accompanied by other cryptocurrency ecosystem catalysts that acted as tailwinds. The growth of investors using bitcoin as a macro hedge has...
Markets
Apr. 19, 2024
First Mover Americas: Bitcoin Price Bounces as Halving Nears
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin recov...
Markets
Apr. 19, 2024
Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving
The U.S. spot ETFs lost $4.3 million in outflows on Thursday, taking the five-day tally to over $319 million. GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow. The U.S.-based spot bitcoin {{BTC}} exchange-tra...
Markets
Apr. 19, 2024
Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
Traders on Polymarket now put the probability of the Fed holding rates steady in 2024 at 32%, compared to 7% in March. Traditional markets have scaled back expectations to two 25 basis points rate cuts from six in early January. The probabili...
Markets
Apr. 19, 2024
Bitcoin Dips Below $60K as Israel Launches Strike on Iran
{{BTC}} fell 5%, dipping below $60,000 before quickly recovering to about that level, as Israel hit back against Iran for a missile strike last week. ABC News first reported that Israel had launched a retaliatory strike against Iran Friday mor...
