Elon Musk's Twitter logo change causes Dogecoin value drop.

1 min read
Source: Fortune
Elon Musk's Twitter logo change causes Dogecoin value drop.
Photo: Fortune
TL;DR Summary

Dogecoin's value dropped by up to 9% after Twitter users saw the social media platform's home button revert back to its blue-bird logo from the dog meme associated with the cryptocurrency. Twitter owner Elon Musk has been a long-time supporter of Dogecoin, which is accepted as payment for merchandise at Tesla. The reason for the restoration of the bird logo is unknown. Dogecoin fell to as low as 8.4 cents from its high of 10.5 cents on Monday after Twitter made the logo change.

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