As of 4:45 a.m. ET on Monday, bitcoin, ethereum and dogecoin had soared 10%, 7.3% and 11%, respectively, over the past 24 hours, according to data from CoinDesk. Bitcoin climbed to a six-week high of nearly $38,133, while ethereum reached $2,330. Dogecoin was last trading at about 20 cents per coin, giving it a $28.8 billion market cap.The surge came as major tech giants have signaled — or appeared to signal — their support for digital currencies through last week.
— Elon Musk July 25, 2021 Musk has been outspoken on the topic, though his messaging on crypto has been mixed. In recent months, the prices of several cryptocurrencies, including the three that Musk owns, have been on a wild ride, partly in response to his statements and actions at his electric automaker and elsewhere.Dogecoin plummeted in May after Musk appeared on"Saturday Night Live" and called it a"hustle.
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