Dogecoin rallied Friday after Tesla CEO Elon Musk tweeted the carmaker would now accept the cryptocurrency as payment for merchandise. Originally started as joke poking fun at exuberance in the crypto market, Dogecoin surged some 10% by Friday afternoon in the wake of Musk's early morning tweet. PHOTO: Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event, Aug. 13, 2021, in Brandenburg, Germany. Among products available for purchase with Dogecoin were Tesla's "Giga Texas Belt Buckle" and its "S3XY Mug." Dogecoin rallies after Elon Musk tweet originally appeared on abcnews.go.com

Source: ABC News January 15, 2022 00:24 UTC