Twitteris reportedly halting its plan to launch a cryptocurrency wallet, days afterElon Muskannounced a plethora of changes sincetaking overthe microblogging platform. The news appears to have significantly dentedDogecoinDOGE/USD .
What Happened:According to Platformer, a recently revealed plan to build a cryptocurrency wallet for Twitter appears to be on pause. As a result, DOGE tumbled 10.86% in the last 24 hours. DOGE is trading at $0.1188, at the time of writing
Musk has been a vocal supporter and an active DOGE investor. In fact, since his Twitter acquisition, the meme coin has skyrocketed over 150% between Oct. 25 and Oct. 29.
See More:Is Dogecoin a Good Investment?
Crypto analystJustin Bennettpointed to Dogecoins hourly chart and said it looked interesting. The apex comes into play before Friday NFPs though so be careful, he warned in a tweet.
The company is expected to lay off more than 50% of its employees, as per a Bloomberg report.
Twitter did not immediately respond to Benzinga's request for comment.
Price Action:BitcoinBTC/USD andEthereumETH/USD traded in the green, up by 0.54% and 1.14% in the last 24 hours, according todata from Benzinga Pro.
Read Next:Dogecoin Plunges, Bitcoin, Ethereum Firm: Analyst Says Watch Out For This Memecoin Pattern Before Friday Jobs Data
