Dogecoin

America

2024

Captain

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As we enter the tenth month of the year, the cryptocurrency market continues to struggle, having already lost over $213 billion in total capitalization since the beginning of the week. Most of this decline is, of course, due to the fact that the market's flagship, Bitcoin, failed to break through a key level of dynamic resistance at $66,000.&nbsp;
The negative price action was accompanied by a panic among market participants due to the worsening geopolitical situation in the world.&nbsp;
As a result, the prices of 99% of cryptocurrencies plunged into the red and continue to do so for the fourth day in a row, bringing disappointment and testing the nerves of crypto enthusiasts.&nbsp;
<h2 dir="ltr" id="from-memes-to-meltdown">From memes to meltdown</h2>
One of the prominent representatives of the crypto space is&nbsp;<a href="https://x.com/BillyM2k/status/1841832770588573770?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1841832770588573770%7Ctwgr%5E5376dca7147ada14f8a556cfd831dc417e191043%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2FBillyM2k%2Fstatus%2F1841832770588573770" rel="noopener noreferrer nofollow">Billy Markus</a>, known under the nickname&nbsp;<a href="https://u.today/50-bitcoin-440-ltc-6-million-doge-i-sold-it-all-in-one-clip-reveals-dogecoin-creator" rel="noopener noreferrer nofollow">Shibetoshi Nakamoto</a>, who was involved in the creation of major meme cryptocurrency&nbsp;<a href="https://u.today/dogecoin-doge-on-verge-of-price-doubling-if-this-bullish-crossover-plays-out" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, could not get away from the current situation and provided a quite epic commentary.
Markus-Nakamoto, in a recent post on social network X, where he has more than two million followers, played out a kind of dialogue in which, asking whether the crypto market can stop falling and return to a phase of unstoppable mania, the market responds to him with a famous meme phrase from "post-aged" Captain America from the movie "Avengers: Endgame" (2019).&nbsp;
<blockquote>
 hey crypto can you stop crashing and go back to unsustainable mania please crypto: <a href="https://t.co/J9CP5utpsx" rel="noopener noreferrer nofollow">pic.twitter.com/J9CP5utpsx</a>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1841832770588573770?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 3, 2024</a>
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Markus' disappointment is understandable, as it is shared by other traders and investors who believed in Uptober. A festival of green candles on the charts did not occur, and it seems that this disappointment is only driving&nbsp;<a href="https://u.today/worrying-bearish-pattern-threatens-bitcoin-fall-to-52000" rel="noopener noreferrer nofollow">Bitcoin</a> and other digital assets lower.

Nakamoto Speaks: Dogecoin Creator Reacts to Crypto Market Bloodbath

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