Dogecoin has risen 15.6% over the past 24 hours to $0.189088, according to CoinDesk.
In a tweet early Friday, Tesla (ticker: TSLA) CEO Elon Musk said, “Tesla merch buyable with Dogecoin.”
Back in mid-December, Musk said on Twitter that Tesla would “make some merch buyable with Doge & see how it goes.” Musk told Time magazine that even though Dogecoin was created as a “silly joke” it’s “better suited for transactions” than Bitcoin.
Bitcoin, the world’s largest cryptocurrency, was up 0.8% to $43,112, according to CoinDesk. Bitcoin traded below $41,000 at the beginning of the week. Ethereum, the second-largest digital currency, rose 0.6% to $3,299.
Write to Joe Woelfel at [email protected]