In the wake of a significant cryptocurrency market downturn on Friday, Billy Marcothe co-founder of Dogemoneta DOGE/USDshared an unusual statement on X, formerly known as Twitter, about meme currency.
On a day marked by widespread losses on all major cryptocurrencies, including Bitcoin Bitcoin/USD, Ethereum ETH/USDand Dogecoin itself, Markus’ playful comment stood out amid the sea of red.
After a sharp decline, Dogecoin plummeted by more than 19%. Markus shared a sarcastic tweet that garnered supportive reactions from the DOGE community on Friday: “Oh no, everything is dead; we are dead.”
Replying to his post on X, one of his followers shared a chart of the S&P 500 and said, “It’s over.” Markus responded by saying, “We will never recover.”
Another follower shared Bitcoin’s market position, and Markus again stated that the market is “super dead.”
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On Friday, the market decline saw Bitcoin lose 7% of its value, falling to the $67,490 level, while Ethereum fell more than 10% to $3,161, although both cryptocurrencies subsequently recorded small recoveries.
Total liquidations in the cryptocurrency market in 24 hours reached approximately $735 million.
The recent market correction occurred less than a week before Bitcoin’s planned fourth halving on April 21, which will reduce the reward for mining a new block by half to 3,125 BTC.
This event, which is expected to occur once every four years, is closely followed by the community. Many predict a potential surge in the price of Bitcoin and a ripple effect on altcoins, including Dogecoin.
Now read: As Dogecoin Soars 18%, Founder Billy Markus Jokes Crypto Community: “If You Get Offended by This…”
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