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Twitter's Logo Change to Dogecoin's Shiba Inu Image Causes Crypto Surge Amid Ongoing Lawsuit

Twitter's Logo Change to Dogecoin's Shiba Inu Image Causes Crypto Surge Amid Ongoing Lawsuit

On Monday, Twitter's iconic blue bird logo was replaced with the shiba inu dog image associated with the Dogecoin cryptocurrency. This change appears to be a late April Fool's day prank orchestrated by the platform's CEO, Elon Musk, who tweeted a meme about the change and shared screenshots of an old conversation where a user asked him to buy Twitter and change its logo to the Dogecoin's mascot.

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The Cryptocurrency Market is Seeing New Price Gains

The Cryptocurrency Market is Seeing New Price Gains

Cryptocurrency investors have certainly had a difficult year, given the fairly stable prices for all popular digital currencies. However, recent market developments are once again adding volatility to the market.

This has led to a bullish trend for Bitcoin, since the cryptocurrency has surpassed the $4,000 threshold. In fact, the price recently saw a $200 growth, bouncing from $3,900 to $4,100. In return, this helped increase bitcoin’s market capitalization to over $70 billion, whereas the entire market’s worth is now situated at over $140 billion.

The recent price volatility has also encouraged price spikes for other cryptocurrencies. As such, Ethereum saw a 6% increase, whereas XRP and Litecoin gained around 5%.

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