Dogecoin co-founder Billy Marcus sarcastically notes the decline of the crypto market

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Todor Tsonev
13 April, 2024, 12:00
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Billy Markus, Co-founder of Dogecoin, Shares Sarcastic Take Amid Crypto Market Downturn

Billy Markus, also known as "Shibetoshi Nakamoto" on the X social media platform, co-created the meme cryptocurrency Dogecoin in 2013. Renowned for his playful and sarcastic commentary on the cryptocurrency market, Markus offered another peculiar remark on Friday as the crypto market turned red, with DOGE falling by over 19%. His statement garnered a supportive response from the DOGE community.

Markus's Commentary on Market Correction

Markus shared a screenshot illustrating major cryptocurrencies like Bitcoin and Ethereum experiencing a significant correction following recent price surges. Dogecoin mirrored this behavior, alongside the S&P 500 index sinking into the red.

In his trademark style, Markus's tweet was filled with sarcasm, stating, "oh no everything died we are dead." Through numerous tweets over the years, the DOGE creator has consistently expressed his views on crypto trading, likening it to a form of gambling where price movements seem unpredictable and often unexpected.

oh no everything died we are dead pic.twitter.com/5uuQQvBp5r
— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024

Bitcoin and Ethereum Correction

Dogecoin Co-Founder Billy Markus Dismisses Bitcoin Rumors, Clarifies Crypto Involvement

On Friday, Bitcoin faced a sudden massive correction, plummeting from slightly above $70,000 to the $67,490 zone, marking a 7% decline in value, equivalent to $2,500. Ethereum followed suit, experiencing a over 10% drop from $3,525 to the $3,161 level, before partially recovering and currently trading at $3,259. Overall, approximately $735 million worth of cryptocurrencies were liquidated within the last 24 hours across the market.

Dogecoin's Price Movement

DOGE experienced a crash of slightly over 19%, briefly hitting $0.1610. Despite two attempts to recover, Dogecoin reached $0.1712.

Anticipation Around Bitcoin Halving

The Bitcoin crash and subsequent market correction occurred less than a week before the approaching fourth BTC halving scheduled for April 21. This event, occurring every four years, will halve the newly minted amount of Bitcoin per block to 3.125 BTC. Many anticipate a potential surge in BTC price post-halving, with altcoins expected to follow suit.

Todor Tsonev publication: "Dogecoin co-founder Billy Marcus sarcastically notes the decline of the crypto market" was written for 24crypto.news

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