Coinbase Reveals Dogecoin Bombshell As Bitcoin And Crypto Price Fears Grip The Market – Forbes


Bitcoin and cryptocurrency investors are still reeling from a week that’s left the crypto market $300 billion lighter.

The bitcoin price moved sharply lower this week, dragging down the wider $2.2 trillion cryptocurrency market, after Tesla TSLA billionaire Elon Musk announced his company would scale back its bitcoin ambitions—at least temporarily.

Now, the chief executive of San Francisco-based Coinbase, one of the world’s biggest bitcoin and cryptocurrency exchanges, has revealed it will soon support the viral meme-based cryptocurrency dogecoin, helping the dogecoin price recover from the broad bitcoin and crypto sell-off.

MORE FROM FORBESElon Musk Again Sent The Dogecoin Price Sharply Higher-After Revealing He ‘Strongly’ Believes In Bitcoin And Crypto

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