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Musk tweets, doge leaps and bitcoin retreats

Dogecoin pops after Musk tweets about ‘promising’ system improvements

Cryptocurrency dogecoin jumped as much as 20% on Friday after Tesla boss Elon Musk said he was involved in work to improve the token’s transaction efficiency. “Working with Doge devs to improve system transaction efficiency. Potentially promising,” Musk said on Twitter. Dogecoin rose from about $0.43 to $0.52 on the Binance cryptocurrency exchange immediately after the tweet.