Dogecoin Founder Issues Crucial Statement on Bleeding Cryptocurrency Market
Release: 2024/07/08 16:14 Reading: 737
Dogecoin Co-Creator Comments on Crypto Market Decline
Billy Markus, co-creator of Dogecoin, has commented on the recent downturn in the cryptocurrency market via his X account.
Bitcoin's Price Volatility
Over the past 24 hours, Bitcoin has experienced a 5.81% decline, followed by a partial recovery with a 1.55% increase. At the time of writing, Bitcoin is trading at $55,860.
Markus's View on the Decline
Markus, known for his humorous and critical takes on cryptocurrencies, shared an image of a sinking yacht with the caption "How's your crypto going?" The yacht's name reads "No Worries."
Dogecoin's Performance
Dogecoin has followed Bitcoin's trajectory, dropping nearly 28% between July 1 and 5. A subsequent 20% recovery was followed by an 11.4% loss in the last 24 hours. Dogecoin is currently trading at $0.10428, showing a marginal increase of 3.64%.
Markus's Stance on Crypto Trading
Markus has frequently criticized crypto trading as akin to gambling, believing that price movements cannot be accurately predicted. He has also likened crypto investing to a mental disease and NFTs to scams.
Financial Freedom and Bitcoin
Markus recently suggested that Bitcoin may offer financial freedom, but it diminishes when the price declines. He made this observation shortly before US Independence Day.
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