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Dogecoin Founder Billy Marcus Shares Humorous Tweet Following Today's Cryptocurrency Crash
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Billy Marcus, the founder of Dogecoin (DOGE), is active on X (formerly Twitter) under the name Shibetoshi Nakamoto. reacted Until the recent cryptocurrency market crash. After the recent crypto rally that saw Bitcoin (BTC) hit a new all-time high (ATH) of $73,835, the market began a downward trend by the end of last week.
However, on Tuesday, there was a major crash in the cryptocurrency market. Data from CoinGlass reveal It said $637.31 million was liquidated in the past 24 hours. Of note, $526.49 million of this was long-term liquidation and $110.82 million was short-term liquidation, highlighting that the market had not anticipated this sudden turn of events. crash.
Moreover, Bitcoin, the leading cryptocurrency in terms of market capitalization, witnessed a significant price decline of 7.25% in the past 24 hours. Currently trading at $63,235, BTC price seems to have lost its bullish momentum and entered a retracement period before the much-awaited halving.
Dogecoin founder reacts to market crash
Dogecoin founder Billy Marcus commented on the recent market crash with a humorous attack on market participants. He sarcastically tweeted that he thought cryptocurrencies were “great.” But Marcus added that to think “deteriorating mental health” is great, you have to experience it. Marcus, who created the popular meme coin, doge, The actor, who co-starred with Jackson Palmer in 2013, has made his stance on cryptocurrencies clear.
He previously stated on X that he does not consider cryptocurrencies to be long-term investment assets.Last week, DOGE founders share Another comment questioning the sanity of crypto holders. He shared videos on social media platforms showing people doing irrational acts such as jumping out of windows. Marcus said this is exactly what it feels like to own digital assets.
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