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Dogecoin Soars, Boosted by Musk Tweet

The cryptocurrency dogecoin surged after Elon Musk tweeted that Tesla will accept some payments in the digital token.

Dogecoin’s price soared as much as 40% compared with Monday’s level at 5 p.m. ET, according to data from CoinDesk. It traded at 22 cents on Tuesday, compared with 16 cents the day before, before easing down to around 20 cents.

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