"The bet for the ages was Musk betting on Trump," one analyst told BI.
Meme coin traders who spoke to BI didn't fit a particular mold, but were united in their love of the thrill of watching the numbers go up.
While bitcoin already enjoys fairly robust regulatory support, more favorable crypto policy is likely to boost altcoins this year, source say.
For successful crypto investors, the challenge is holding on to their wealth. Here's how to create an exit strategy for your crypto.
Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.
Dogecoin spiked again on Wednesday after Donald Trump appointed Elon Musk to help lead the Department of Government Efficiency, or DOGE.
Other notable companies dogecoin is now bigger than include Allstate, Keurig Dr Pepper, and Kimberly-Clark.
Elon Musk and Mark Cuban rallied memesters and then voters, traders made big bets, and young men played key roles in both events.
The Shiba Inu who inspired the viral Doge meme died on Friday at 18.
Explainers
2024-05-09T18:54:27Z
Investing in crypto can be attractive, but where should you start? Here is a breakdown of digital currencies from Pepe to Ethereum.
As memecoins make a resurgence, hedge funds are chasing gains in the highly volatile corner of the crypto market, Bloomberg reported.
What's different this time in the cryptocurrency market? Good question.
Dogecoin is up 40% over the past week, 145% so far this year, and 191% over the past year as demand for crypto heats up.
"Dogecoin's coming back," Musk said at an event at Tesla's Berlin gigafactory.
The recent surge in meme coins will make it difficult for the Fed to get more dovish, which will mean a longer wait for rate cuts.
Bitcoin suffered during the Fed's tightening cycle but is rallying again as a supply-demand imbalance offsets rate pressures.
Bitcoin cleared $44,000 for the first time since April 2022 and dogecoin touched its highest price in a year, surging as much as 17% early Wednesday.
"47 Ronin" director Carl Erik Rinsch reportedly used production funds from Netflix to place bets on Gilead Sciences stock, the S&P 500, and dogecoin.
Space robotics company Astrobotic is sending a cargo to the moon that will include a physical dogecoin, among other things.
"I am become meme, Destroyer of shorts," Musk proclaimed in early 2021. "And they keep coming back for more …" he added on Saturday.