Dogecoin price surges as Elon Musk says Tesla will accept meme coin
Bitcoin saw a brief surge in price over the weekend that took it back above $50,000 but it has since slipped below $47,000 on Tuesday.
By contrast, dogecoin saw a massive surge in price this morning after Elon Musk revealed that Tesla will begin accepting payments in the meme-inspired cryptocurrency. Doge shot up more than 14 per cent in the space of a few minutes, returning its market cap to around $25 billion.
Other leading cryptocurrencies are struggling to recapture the momentum they saw last month, which took them to new all-time highs. Ethereum (ETH), Solana (SOL) and Ripple (XRP) all dipped by around 5 per cent on Monday, while the overall crypto market is down by a similar margin.
Despite the stagnation, several leading analysts are confident of a resurgence before the end of the year, with some even predicting a record-breaking end to 2021.
You can find all the latest news, analysis and expert price predictions right here.
Reference: https://uk.finance.yahoo.com/news/bitcoin-price-news-live-crypto-124804378.html
