[New post] UPDATE: On Crypto-Currency and Elon Musk’s Twitter
Editor-in-Chief posted: " By Staff Reporters *** *** Dogecoin jumped more than 17% Monday following several reports that Twitter is poised to accept Elon Musk's $43 billion bid, with the potential for the two parties to finalize a deal as soon as Monday. The mem"
Dogecoin jumped more than 17% Monday following several reports that Twitter is poised to accept Elon Musk's $43 billion bid, with the potential for the two parties to finalize a deal as soon as Monday. The meme token DOGEUSD, -3.99% gained 14% over the past 24 hours, trading at around $0.15, according to CoinDesk data. Still, it is down about 80% from its all-time high in May 2021.
Bitcoin BTCUSD, 0.88% was trading 0.02% lower from 24 hours ago to around $39,407. Ether ETHUSD, 0.22% was trading at around $2,928, up 0.1%, according to CoinDesk data.
And, after Musk, chief executive at Tesla TSLA, -0.70%, made a bid on April 14 to buy the remainder of Twitter TWTR, +5.66% stock that he didn't already own at $54.20 per share without saying how he would pay for it, the social media giant's board had been expected to reject Musk's offer, as it adopted a so-called "poison pill" plan. However, the company took a dramatic turn after Musk said last week he lined up $46.5 billion in financing, The Wall Street Journal reported. Deal later done!
According to MarketWatch, Dogecoin supporters are hoping that Musk, the long-time backer for the Shiba Inu-themed token, could boost its usage after he takes over the social media platform.
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