Published: February 13, 2023 at 10:40 am ET
Twitter owner Elon Musk responded to a tweet Sunday night by joking that he and Rupert Murdoch were discussing cryptocurrency Dogecoin at the Super Bowl.
Musk, who is also CEO of electric vehicle maker Tesla Inc. TSLA, sat with News Corp. chief executive Murdoch. NWS and Chairmen of Fox Corp. FOX, together watching the Philadelphia Eagles and the Kansas City Chiefs. news corp is the parent company of Dow Jones, the publisher of MarketWatch.
In…
Twitter owner Elon Musk responded to a tweet Sunday night by joking that he and Rupert Murdoch were discussing cryptocurrency Dogecoin at the Super Bowl.
Musk, who is also CEO of electric vehicle maker Tesla Inc. TSLA, sat with News Corp. chief executive Murdoch. NWS and Chairmen of Fox Corp. FOX, together watching the Philadelphia Eagles and the Kansas City Chiefs. news corp is the parent company of Dow Jones, the publisher of MarketWatch.
in one tweet, one Twitter user asked: “What are you talking about? Wrong answers only,” to which Musk responded with “dogecoin.”
According to CoinDesk data, the price of the meme-based cryptocurrency surged 5% immediately on Sunday night, before falling again Monday morning to erase its gains.
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Musk has long been a supporter of Dogecoin. In the past he has discussed Dogecoin personal ownership, and it is also an accepted payment method in Tesla’s merchandise store. Last year there were rumors that Dogecoin could become an accepted payment method on Twitter after Musk acquired the platform for $44 billion.
Dogecoin, currently trading at $0.081, is up 15% this year after the broader crypto market rebounded from crypto exchange FTX’s collapse in November. However, it is still struggling after the US Securities and Exchange Commission fined crypto exchange Kraken $30 million last week for failing its crypto staking service. Both Bitcoin BTCUSD and Ethereum ETHE prices are also up 30% and 23% respectively this year, according to CoinDesk data.