Musk Hints at Dogecoin for Tesla Purchases Amid Crypto Price Rollercoaster

Elon Musk said Tesla may eventually allow purchases with dogecoin, stating "dogecoin to the moon." He explained his support came from Tesla factory workers asking him to back dogecoin.

The crypto market pulled back this week after surging last week, with bitcoin falling below $70,000 again and dogecoin dropping 12%. Some see this as an overdue correction.

Musk's past comments about bitcoin, dogecoin and crypto have moved prices dramatically. Tesla holds crypto and may add more functionality.

The huge crypto price rebound has market cap nearing $3 trillion again, spurring predictions it could hit $7.5 trillion by 2025.

Wall Street bitcoin ETF launches have helped drive the latest crypto boom.