New York — Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending dogecoin surging as much as 50% again and crashing Robinhood’s trading app.

Other alternative coins (altcoins) also took off, with cryptocurrency dash spiking as much as 14% and Ethereum Classic’s ether jumping more than 30%. In the world of decentralised finance (DeFi), digital tokens such as force DAO and tierion surged more than 1,000% on Tuesday, according to CoinMarketCap data...

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