Dogecoin

Billy

Cryptocurrency

Bitcoin

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p lang="en-GB" xml:lang="en-GB"><a href="https://u.today/dogecoin-founder-makes-crucial-bitcoin-statement-as-btc-plummets">Billy Markus</a>, who created the original meme cryptocurrency Dogecoin together with Jackson Palmer in 2013, has taken to his X (formerly popular as Twitter around the world) account to comment on the major decline that the cryptocurrency market is going through at the moment.</p>
<h2 id="bitcoin-price-plummeting-pushing-crypto-market-down">Bitcoin price plummeting, pushing crypto market down</h2>
<p lang="en-GB" xml:lang="en-GB">Over the past 24 hours, the world’s flagship cryptocurrency, Bitcoin, has demonstrated a decline of 5.81%, which today was partly cured with a 1.55% price increase. At the time of this writing, Bitcoin is changing hands at $55,860 at the Bitstamp exchange.</p>
<p lang="en-GB" xml:lang="en-GB">Overall, between July 1 and July 5 last week, Bitcoin lost more than 15% of its price, dropping from the $63,600 zone to $53,900. This plunge was followed by an attempt to regain the losses, with Bitcoin succeeding in gaining 8.3% as it surged back to the $58,370 level. After that, the above-mentioned 24-hour blow happened.</p>
<p lang="en-GB" xml:lang="en-GB">Markus, who is famous on social media for his jokes and often dark, ironic takes on cryptocurrencies and the crypto market in general, commented this time on the current Bitcoin decline and the whole market following it deep to the South. He published a picture of a sinking yacht, which says: “How’s your crypto going?” The answer to that is the yacht’s title, which ambitiously says: “No Worries.”</p>
<blockquote>
 <p lang="en" dir="ltr">it’s fine it’s totally fine <a href="https://t.co/E2wRsqMdEC">pic.twitter.com/E2wRsqMdEC</a></p>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1810153572702838841?ref_src=twsrc%5Etfw">July 8, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">As for Dogecoin, it has followed the Bitcoin price trajectory lately – from July 1 until July 5, it lost almost 28%, plunging from $0.12693 to $0.09185. Then, a 20% recovery happened, followed by an 11.4% loss in the last 24 hours. So far today, the largest meme cryptocurrency has seen a marginal rise, comprising 3.64%, and DOGE is trading at $0.10428 as of this writing.</p>
<h2 id="markus-s-take-on-cryptocurrency-investing-and-trading">Markus's take on cryptocurrency investing and trading</h2>
<p lang="en-GB" xml:lang="en-GB">Markus is known for his tweets, in which he criticizes crypto trading as gambling since he does not believe that cryptocurrency price movements can be in any way predicted in advance. A few times, he likened crypto investing to a mental disease, as well as investing in NFTs.</p>
<p lang="en-GB" xml:lang="en-GB">Last week, he also stated that Bitcoin, perhaps, offers financial freedom, as Bitcoin maximalists insist, but this freedom shrinks once the BTC price begins to plummet. <a href="https://u.today/dogecoin-creator-breaks-silence-as-bitcoin-loses-55000">That post came out</a> slightly before U.S. Independence Day last week.</p>

Dogecoin Founder Issues Crucial Statement on Bleeding Cryptocurrency Market

Table of Contents

U_Today

Andre artikler udgivet 8. jul. 2024

Crypto Whale Deposits $3.8 Million PENDLE to Binance, Market Awaits Reaction

Ether ETF Countdown: SEC Delays Spark Debate, But Launch Still Imminent

Fuk MT Gox (FUKMTGOX) Memecoin Surges 190% and Will Surge Another 17,000% Before KuCoin Listing

Corporate Giants Bet Big on Bitcoin Despite Economic Shaky Ground

Shiba Inu and AVAX Price Rising: Buy or Sell or Hodl?

Bitcoin ‘potentially reached’ local bottom, Bitfinex says

Join our free newsletter for daily crypto updates!