Photo illustration by Chesnot/Getty Images
The price of bitcoin rose by as much as 3% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring.
The digital asset rose by $2,000 to trade around $46,102.22 by 10:55 a.m. GMT, after it was stuck around $43,800 the previous day.
In his tweet, Musk said: “Frodo was the underdoge, All thought he would fail, Himself most of all,” seemingly in a reference to the Lord of the Rings…
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