Time for Binance to Step Away from Twitter
Bitcoin and Ether Prices Await Fed Decision: Bitcoin Holds at $29K, Ether at $1.8K
Bitcoin Remains Below $30K Ahead of Expected Fed Rate Hike, While DOGE Surges 7%
The value of Dogecoin (DOGE) soared by over 35% following a move by Elon Musk on Twitter to replace the social media platform's well-known blue bird logo on its homepage with the popular cryptocurrency's distinctive Shiba Inu dog symbol.
After the logo switch, DOGE reached a peak of $0.1046 compared to its previous value of around $0.077. CoinDesk data reveals that prior to Monday, the cryptocurrency had not surpassed the 10-cent mark since December.
Elon Musk has been a vocal supporter of DOGE, claiming that the meme cryptocurrency may have superior payment capabilities to bitcoin (BTC). Earlier this year in January, the Financial Times reported that Twitter was developing a payment system to enable transactions on the social media platform. Although Musk, who is the CEO, emphasized the priority of fiat currencies on Twitter, he also expressed interest in incorporating cryptocurrencies. This news caused a surge in the value of DOGE.
Just over an hour following the logo modification, Musk posted a cartoon illustration as his initial public remark on the matter.
Source Coindesk
