Dogecoin (CRYPTO: DOGE) skyrocketed over 10% between noon and 1 p.m. Tuesday before beginning to consolidate slightly down off the 24-hour high of $0.0665.
The sudden surge was prompted by news that Tesla, Inc (NASDAQ:TSLA) CEO Elon Musk’s offer to purchase Twitter, Inc (NYSE:TWTR) for $54.20 per share is back on the table. Musk attempted to back out of deal in July, prompting a lawsuit from Twitter, and is set to wind up in court on Oct. 17 for the trial.
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