Cryptocurrency News Today: Tesla Merchandise Can Be Bought With Dogecoin, Tweets Elon Musk

ndtv.com:

With a market cap of $25.2 billion, Dogecoin is the 11th most valuable cryptocurrency.

Elon Musk has proved time and again that his tweets can affect the cryptocurrency market in many ways. The billionaire proved it once again. This time he tweeted about Dogecoin. Musk wrote, “Tesla merch buyable with Dogecoin.” The Tesla CEO's remark has sparked great speculation among Dogecoin fans. The value of Dogecoin, too, surged nearly 20 percent after Musk's tweet. It was also included as a payment option on the Tesla website. With a market cap of $25.2 billion, Dogecoin is the 11th most valuable cryptocurrency.

According to the Tesla website, the Dogecoin could be used to purchase items such as the Cyberwhistle, Giga Texas Belt Buckle and Cyberquad for Kids.

Here's Elon Musk's tweet:

Tesla merch buyable with Dogecoin

At the time of writing the report, Dogecoin was trading at Rs 15.63. For live prices of Dogecoin, click here. Many people also showed their delight after Musk's tweet went viral.

Dogecoin co-creator Billy Markus was one of those who tweeted his approval of the move.

yoit's happening!#dogecoin#doge4teslahttps://t.co/aYKGdYjJ5hpic.twitter.com/271DIW8oFJ

The official Twitter handle of cryptocurrency exchange also posted a tweet in which a Doge was pictured riding in a Tesla vehicle. 

pic.twitter.com/SsRsd3mlxz

One user reacted to the tweet by writing about the institutional adoption of Dogecoin.

BREAKING: Doge now has more institutional adoption than Bitcoin.

Matt Wallace, a crypto YouTuber, wrote, “Tesla accepting Dogecoin is huge!”

TESLA ACCEPTING #DOGECOIN IS HUGE!!!!!! Thank you Elon! We are live right now on YouTube covering this: https://t.co/bBY5IKsVee

Wallace also added in another tweet, “Dogecoin to the moon!”

DOGECOIN TO