Billy Markus, the creator of Dogecoin (#DOGE ), known as Shibetoshi Nakamoto on X (formerly Twitter), has weighed in on the recent cryptocurrency market crash. ๐ฎ
Following a period of highs, with Bitcoin (#BTC ) reaching a record-breaking $73,835, the market took a sharp downturn towards the end of last week. However, Tuesday saw a significant crash, with CoinGlass data revealing $637.31 million in liquidations over the past 24 hours. ๐
Notably, long liquidations accounted for $526.49 million, while short liquidations totaled $110.82 million, indicating the unexpected nature of the crash.โ๏ธ
Bitcoin, the leading cryptocurrency by market capitalization, experienced a substantial 7.25% price drop in the last 24 hours, currently trading at $63,235. This decline suggests a loss of bullish momentum and hints at the anticipated pre-halving retracement phase.๐
In response to the market crash, Billy Markus humorously commented on the situation, ironically stating that crypto is "awesome." However, he added a caveat, suggesting that one must have "poor mental health" to find it so. Markus, the co-creator of DOGE alongside Jackson Palmer in 2013, has consistently expressed his views on cryptocurrency. He has previously indicated that he does not view cryptocurrencies as long-term investment assets.
Recently, Markus shared a video on social media depicting irrational behavior, likening it to the feeling of holding digital assets.
Disclaimer: This content contains third-party opinions and does not constitute financial advice. Please refer to the terms and conditions for more information.#SLERF #ETHFIโฉ
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