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Doge Surges After Memecoin Advocate Musk Agrees to Buy Twitter

  • Musk said earlier that Doge could be used to buy Tesla gear
  • Bitcoin rebounds after dropping earlier to a six-week low
Bloomberg business news
Elon Musk Buys Twitter for $44 Billion
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Dogecoin, the cryptocurrency with a Shiba Inu meme that has long been a favorite of Elon Musk, surged almost 30% after the billionaire entrepreneur agreed to buy Twitter Inc.

The meme coin climbed as high as 17 cents. It was a standout on a day when other cryptocurrencies from Bitcoin and Ether to Solana and Polkadot remained relatively flat.