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Cryptocurrency update: all aboard the Bitcoin rollercoaster

Strap yourself in and keep all hands and feet inside the ride at all times: Bitcoin is on another wild journey. Bitcoin spins on Musk’s whims Alton Towers’ Smiler rollercoaster features 14 inversions making it the ride with the most ups and downs in the world. If Alton Towers needs inspiration for a new ride […]

Dogecoin Rallies on Elon Musk Tweet, Anticipated Coinbase Listing

By Ryan Browne, CNBC • Updated 44 mins ago Yuriko Nakao | Getty Images News | Getty Images Dogecoin s price soared as high as 56 cents early Friday, according to Coin Metrics data. Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions. Crypto exchange Coinbase said Thursday it would offer dogecoin support in the next six to eight weeks. Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. Download our mobile app for iOS to get alerts for local breaking news and weather. The price of dogecoin rose to an intraday high of around 56 cents at 3 a.m. ET, according to data from Coin Metrics. As of 4:30 a.m., dogecoin was up 36% at 52 cents per coin. It s still down about 20% from a record high of nearly 67 cents only a week ago.

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