Market Cap: $2,673,939,497,435
24h Vol: $79,374,789,022
Cryptocurrencies: 29977
Markets: 116590
Cryptocurrencies: 29977
Markets: 116590
Market Cap: $2,673,939,497,435     
24h Vol: $79,374,789,022
Seeking Alpha 2023-01-31 22:24:17

Why did dogecoin's price go up today? Elon Musk, market rally

Why did dogecoin's price go up today? Elon Musk, market rally
Dogecoin ( DOGE-USD ) drove up 9.3% to $0.10 in Tuesday late afternoon trading, the highest level seen since December 2022, just a day after Elon Musk, a longtime supporter of the meme coin, reportedly called for an eventual integration of cryptocurrency capabilities into Twitter's payments system . The upswing extended doge's ( DOGE-USD ) year-to-date rally to +33%, coinciding with a broader risk-on mood across riskier asset classes. Perhaps Tuesday's bullish price action in bitcoin ( BTC-USD ) and other major tokens helped give doge ( DOGE-USD ) a boost. Traders are bracing for the Federal Reserve's first interest-rate decision of 2023 due Wednesday. Take a look at the latest outlook for crypto .
esptco-banner img
Latest News

Videos

  • All About Blockchain Secrets | Simply Explained!

  • Dogecoin: What is Dogecoin? EXPLAINED!

  • Ethereum Explained: What is Ethereum & How Does it Work? Simply Explained!

  • How to buy Bitcoin (BTC) from Binance?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire