Benzinga – by Bibhu Pattnaik, Benzinga Staff Writer.
In the midst of a significant downturn in the cryptocurrency market on Friday, Billy Markus, the co-creator of Dogecoin(CRYPTO: DOGE), made an unconventional statement on X, previously known as Twitter, regarding the meme-based digital currency.
Amidst widespread losses in major cryptocurrencies like Bitcoin(CRYPTO: BTC), Ethereum(CRYPTO: ETH), and Dogecoin itself, Markus’ lighthearted remarks provided a stark contrast to the prevailing negative trend.
After a steep drop, Dogecoin experienced a sharp decline of more than 19%. Markus took to X with a sarcastic tweet that resonated with the DOGE community on Friday, humorously stating, “Oh no, everything died; we are dead.”
oh no everything died we are dead pic.twitter.com/5uuQQvBp5r
— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024
In response to his post on X, a follower shared a S&P 500 chart and commented, “It’s so over.” Markus humorously replied, “We will never recover.”
we will never recover
— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024
Another follower presented Bitcoin’s market position, prompting Markus to humorously label the market as “super dead.”
Also Read: This Analyst Says Dogecoin Could Rally Further Following An Elon Musk-Induced Rally — But There’s A Catch
super dead
— Shibetoshi Nakamoto (@BillyM2k) April 12, 2024
During Friday’s market downturn, Bitcoin saw a 7% decline, falling to the \(67,490 level, while Ethereum witnessed a more than 10% drop to \)3,161, with both cryptocurrencies later experiencing slight recoveries.
The total liquidations in the cryptocurrency market within a 24-hour period amounted to approximately $735 million.
The recent market correction took place less than a week before the highly anticipated fourth Bitcoin halving scheduled for April 21, which will halve the reward for mining a new block to 3.125 BTC.
This event, occurring approximately every four years, is closely monitored by the community, with many expecting a potential upsurge in Bitcoin’s price and its impact on altcoins, including Dogecoin.
Now Read: As Dogecoin Jumps 18%, Founder Billy Markus Cracks Joke About Crypto Community: ‘If You Take Offense To This …’
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