Dogecoin founder Billy Markus today, dogecoin He offered another strange take on the situation, with ‘s falling over 19%. His statement triggered a supportive response from the DOGE community.
Dogecoin Co-Founder’s Comment on BTC, ETH, DOGE Collapse
Markus posted a screenshot of Bitcoin and Ethereum, the two largest cryptocurrencies that are experiencing a major correction following recent price increases. Dogecoin behaves the same way. The S&P 500 index is also here, sinking into the red, he said. Markus’ tweet is full of sarcasm, stating “oh no everything is dead we are dead”. The founder of DOGE has clearly stated his attitude towards crypto trading in numerous tweets in recent years. Markus believes this is a form of gambling where no one really knows why prices rise or fall, and cannot really predict the rises and falls because in most cases they occur completely suddenly. believes.
oh no everything died we are dead pic.twitter.com/5uuQQvBp5r
— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024
NEWS CONTINUES BELOW
Today, the world’s leading cryptocurrency Bitcoin It suddenly entered a major correction and fell from just over $70,000 to the $67,490 region, losing 7% of its $2,500 value. Later, BTC recovered some of its losses and rose to $67,472. Additionally, it continues to trade at these levels at the time of writing this news.
Ethereum followed suit, experiencing a drop of over 10% from $3,525 to $3,161. However, it later recovered slightly and is currently trading at $3,259. Overall, approximately $735 million worth of cryptocurrencies were liquidated across the market in the last 24 hours. DOGE dropped just over 19%, briefly reaching $0.1610. Two recovery attempts undertaken by Dogecoin took it to $0.1712.
Bitcoin Halving Is Approaching
This Bitcoin crash and subsequent crypto market correction occurred less than a week before the upcoming fourth BTC halving, scheduled for April 21. This event, which occurs every four years, will again halve the amount of newly minted Bitcoin per block, this time to 3,125 BTC per newly minted block. Many people expect BTC to rise rapidly along with altcoins from now on.
