Dogecoin surges after a one-word Elon Musk tweet

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Dogecoin, which even in the realms of cryptocurrency is known for its volatility, surged 44% after a tweet from Tesla
TSLA,
-2.07%
CEO Elon Musk, whose self-proclaimed break from Twitter
TWTR,
+1.07%
lasted two days. Musk tweeted “doge” without further comment, which was similar to his comment in December that also had a big price impact. Dogecoin has surged 659% this year, according to CoinDesk data.

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