Dogecoin Founder's Comment on Crypto Market Crash Excites U.Today's DOGE Community

U.Today – Billy Markus, known as “Shibetoshi Nakamoto” on the social media platform X, co-invented the meme cryptocurrency in 2013. Markus is famous for his playful and sarcastic views on the cryptocurrency market.

On Friday, as the crypto market fell into the red and DOGE fell by over 19%, Markus gave his audience another strange comment on the state of things. His statement sparked a supportive reaction from the DOGE community.

DOGE co-founder's comment on BTC, ETH and DOGE crash

Markus posted a screenshot of the two largest cryptocurrencies experiencing a significant correction after the recent price increases. Dogecoin behaves similarly. The S&P 500 index is also here and is falling into the red.

Cryptocurrency influencer Markus' tweet is full of sarcasm and reads: “Oh no, everything died, we are dead.” In his numerous previous tweets over the past few years, the DOGE creator has made his stance on crypto trading clear – he believes that it is a type of gambling where no one really knows why prices rise or fall and cannot really predict rises and falls since in most cases they come completely out of the blue.

On Friday, the world's leading cryptocurrency Bitcoin suddenly experienced a massive correction as it plummeted from just over $70,000 to the $67,490 area, losing 7% of its $2,500 value. Later, BTC was able to recoup some of its losses and recovered to $67,472, where it is changing hands as of this writing.

Ethereum followed suit and plunged over 10% from $3,525 to the $3,161 level, but later recovered a bit and is now trading at $3,259. In total, around $735 million worth of cryptocurrencies were liquidated across the market within the last 24 hours.

DOGE plunged just over 19%, briefly reaching $0.1610. Two recovery attempts by Dogecoin caused the price to fall to $0.1712.

Bitcoin's halving is getting closer

This Bitcoin crash and subsequent crypto market correction occurred less than a week before the upcoming fourth BTC halving, scheduled for April 21st.

This event, which occurs every four years, will once again halve the newly minted Bitcoin amount per block, this time to 3,125 BTC per newly generated block. Many assume that BTC will skyrocket after this and altcoins will follow suit.

This article was originally published on U.Today