Dogecoin soared Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency.
The price of dogecoin climbed to an intraday high above 56 cents in early morning trade, according to Coin Metrics data. As of 10:30 a.m., dogecoin was up 39.4% at 54 cents per coin, on track for its best day since Apr. 16. It’s still down about 20% from a record high of nearly 67 cents only a week ago.
Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions.
Bitcoin rises 5.6% to $49,337.72
Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9% from the year's low of $27,734 on Jan. 4, and down 24% from the year's high of $64,895.22 hit on April 14.
Ether , the coin linked to the ethereum blockchain network, rose 6.1 % to $3,868.42 by 0800 GMT on Sunday, adding $222.41 to its previous close.
Reference: CNBC, Reuters
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