In the aftermath of a substantial decline in the cryptocurrency market on Friday, Billy Markus, one of the creators of Dogecoin DOGE/USD, took to X (formerly known as Twitter) to share an unconventional statement regarding the meme-based digital currency.

Amidst widespread losses in major cryptocurrencies such as Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin itself, Markus’ lighthearted remarks stood out on a day dominated by red figures.

Following a significant drop, Dogecoin saw a sharp decline of more than 19%. Markus posted a sarcastic tweet that received positive responses from the DOGE community, stating, “Oh no, everything died; we are dead.”

In response to his tweet on X, a follower shared an S&P 500 chart and commented, “It’s so over.” Markus humorously replied, “We will never recover.”

Another follower presented Bitcoin’s market position, to which Markus jokingly reiterated that the market is “super dead.”

The cryptocurrency market downturn on Friday led to Bitcoin losing 7% of its value, falling to \(67,490, while Ethereum witnessed a more than 10% decrease to \)3,161, with both cryptocurrencies later experiencing slight rebounds.

Approximately $735 million in liquidations occurred within the cryptocurrency market in a span of 24 hours due to the recent market correction.

This correction happened shortly before the much-anticipated fourth Bitcoin halving set for April 21, which will halve the reward for mining a new block to 3.125 BTC.

This quadrennial event garners significant attention from the community, with many anticipating a potential price surge in Bitcoin and its impact on altcoins like Dogecoin.

Market News and Data provided by Benzinga APIs

© 2024 Benzinga.com. Please note that Benzinga does not offer investment advice. All rights reserved.