Business
Bitcoin dives but dogecoin surges on Musk tweets; ASX follows Wall St rebound – ABC News
A dive in bitcoin’s value is matched by a rise in the price of dogecoin after a series of tweets from Elon Musk. Meanwhile, the world’s stock markets shrug off…
The Australian share market has continued to rise after gains on Wall Street, but volatility has continued on cryptocurrency markets with bitcoin prices slumping while dogecoin’s value rebounds.
Key points:
- The ASX is poised to open higher after closing below 7,000 yesterday
- Wall Street recovers as investors’ concerns about inflation cool
- Tech stocks rise but Tesla loses 3 per cent after Elon Musk rejects Bitcoin
Bitcoin plunged as low as $US47,150 overnight, after Elon Musk doubled down on criticism…
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