Dogecoin wasn't the only canine-themed coin to take a tumble.
The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world
Bitcoin, the world's biggest digital currency, fell more than 7 per cent after the tweet and was trading at $52,669
Business Standard brings you stories that made the headlines on Thursday
Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings
The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet
Vitalik Buterin, the Russia-based co-founder of the world's second largest cryptocurrency Ethereum, has donated 500 coins and over 50 trillion SHIB meme coin worth around $1.14 billion to the India
Japan's Nikkei fell 2.0 per cent and touched its lowest since early January, while Chinese blue chips lost 0.9 per cent
Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles
Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications
Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge?", referring to a digital currency worth roughly 48 cents
Musk's tweets this year have turned the once-obscure digital currency, which began as a social media joke, into a speculator's dream.
Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or "DeFi"
At Sotheby's, a work by Banksy, Love is in the Air, estimated from $3 mn to $5 mn, can also be paid for in Ether or Bitcoin
Large firms signal mainstream acceptance of crypto
The prices of both Bitcoin and Ether were relatively flat from early 2018 to the fall of 2020, a period known as the 'crypto winter' by oldtimers
Bitcoin, the largest cryptocurrency, rose to a three-week high above $59,600 on Monday
Elon Musk-run SpaceX is now accepting the new cryptocurrency Dogecoin to launch an upcoming satellite named DOGE-1 to the Moon
Ripple Labs has enlisted lobbyists, lawyers to make its case to the Securities and Exchange Commission and in one of the first big legal battles over what limits the government should set for trading
Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show