Dogecoin Founder’s Comment on Crypto Market Crash Stirs DOGE Community

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Billy Markus, also known as “Shibetoshi Nakamoto” on X social media, humorously and sarcastically contributes to discussions about the cryptocurrency world. He was a co-creator of Dogecoin in 2013.

On Fridays, the crypto market saw a downturn, causing DOGE to drop more than 19%. Amidst this, Markus made an intriguing remark about the current situation to his followers. This comment resonated with the DOGE community, who showed their support.

DOGE cofounder’s comment on BTC, ETH, DOGE crash

Markus shared an image showing Bitcoin and Ethereum, the top cryptocurrencies, undergoing significant declines following their recent price increases. Dogecoin mirrors this trend. Meanwhile, the S&P 500 index is dipping into losses as well.

Markus, a well-known cryptocurrency influencer, made a sarcastic comment in a tweet that read: “Oh dear, everything has perished, we’re finished.” Throughout the years, the creator of DOGE has consistently expressed his view on crypto trading – he sees it as a form of gambling where the reasons for price fluctuations are unclear and difficult to predict. Sudden rises and falls often occur unexpectedly.

oh no everything died we are dead

— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024

On Friday, Bitcoin, the most valued cryptocurrency globally, unexpectedly went through a significant drop. Its price fell from around $70,000 to the $67,490 range, resulting in a 7% decrease and a loss of approximately $2,500. However, BTC managed to regain some ground, currently trading at $67,472.

Ethereum took a dip, dropping more than 10% from its previous price of $3,525 down to $3,161. However, it later regained some ground and is currently trading at $3,259. In total, around $735 million in cryptocurrencies were sold off during the past 24 hours across all markets.

Doge’s price dropped about 19% and reached a low of $0.1610. Following two recovery efforts, Dogecoin is now at $0.1712.

Bitcoin halving drawing closer

The Bitcoin price drop and subsequent correction in the crypto market occurred barely a week prior to the scheduled BTC halving on April 21.

Every four years, an occurrence reduces the freshly issued quantity of Bitcoin per block by half, currently bringing it to 3.125 BTC for each new block. Anticipation is high that Bitcoin will experience significant growth following this event, likely triggering similar trends in altcoins as well.

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2024-04-13 11:12