As BTC and ETH collapse, Elon Musk brands radical Dogecoin plan A’ Great idea’ Bitcoin, ethereum, and most major cryptocurrencies have fallen sharply over the last week as the crypto market roller coaster rolls on.
The bitcoin price has fallen almost 10% since last weekend despite rallying earlier this week amid a slew of positive bitcoin and crypto headlines emanating from the annual Consensus conference. Ethereum, the second-largest cryptocurrency after bitcoin, has lost 50% of its value in two weeks after surging to an all-time high in mid-May.
Now, as Bitcoin and Ethereum extend their losses, Tesla TSLA -3% billionaire Elon Musk has called a tongue-in-cheek plan to harness the heat generated by mining dogecoin a “great idea”—helping the dogecoin price climb off its recent low.
