Elon Musk Continues To Influence The Crypto Market

Dogecoin (DOGE) is up 20% despite Bitcoin, Ethereum and other cryptocurrencies correcting after a stunning rally. BTC fell 1% and failed to set new highs above $24,000.

Previously, DOGE has seen relatively strong rallies versus BTC. Although the last rally seems to have been caused by Elon MUSK.

After Musk mentioned that he liked Dogecoin, the cryptocurrency immediately began to rise. This has happened every time the billionaire has mentioned cryptocurrency over the past few months and years. This time, Elon Musk's tweet with the word Doge triggered a 20% increase in the coin.

Image: NameCoinNews