Dogecoin founder Billy Markus comments on the situation of Doge in the rapidly shrinking market
- Dogecoin crashes by 16% in the middle of the market -wide sale, and Billy Markus comments on the cyclical behavior of crypto.
- Jack Dorsey is urging Bitcoin back in the real world and warns that he becomes irrelevant if he is only seen as a value preservation.
While the cryptom market has experienced one of its strongest declines in the past few months, Dogecoin inventor Billy Markus, who is known online as Shibetoshi Nakamoto, has addressed the crisis in its usual and tangled way.
His most recent contribution is superficially humorous, but offers a subtle comment on market behavior that is well received by many dealers who are struggling with extreme volatility. Since Dogecoin was among the most affected assets when selling on Monday, Markus has found contribution in the crypto community grör.
— Shibetoshi Nakamoto (@BillyM2k) April 7, 2025
Instead of making a direct statement, Markus posted a meme that illustrated a four -stage cycle in which bear markets lead to strong Mememen; Strong memes drive bull markets, bull markets lead to bad tops, and bad memes bring back bears.
The picture reflects the emotional cycles within the Kryptomarkts wider And indicates that the mood of investors and the culture of social media often play an important role in controlling the price movements. It is a funny approach that shows how online narratives can influence and even reinforce the market conditions.
This is done at a time when the mood in the entire cryptocurrency sector remains low, since the wider market reacts to global economic pressure and widespread liquidations. The cyclical theme of the memes reflects long-term patterns in the crypto area and irrational optimism in bull markets, followed by sharp corrections as soon as the swing subsides.
Dogecoin suffers a blow in the already turbulent market
Dogecoin, the Meme-based cryptocurrency introduced in 2013, fell by over 16% to $ 0.138 in early Monday trading.
It is part of a long list of digital assets affected by a steep sale that has destroyed dozens of billions of dollars in market value. A CNF report According to Bitcoin, Bitcoin slipped under $ 75,000, while old coins such as XRP and Solana fell by more than 17 % within 24 hours.
Coinglass data showed that the total liquidations of crypto derivatives exceeded $ 1.4 billion. In long positions, $ 1.22 billion accounted for, indicating serious losses for bullish dealers. The extent of these liquidations indicates an overwhelmed market where aggressive leverage and a changing macroeconomic mood may have accelerated the downturn. The liquidation of empty sales also amounted to $ 186 million, which underlines the widespread market fault.
Bitcoins direction is under question – Jack Dorsey comments
Twitter founder Jack Dorsey said During a recent podcast appearance Concern about The way from Bitcoin and intervened in the discussion about the future of cryptocurrencies. He warned that Bitcoin will be irrelevant if he continues to be seen as a value preservation. Dorsey argued that the original intention of Bitcoin as a decentralized payment system must be restored in daily transactions through real use.
Although the institutional interest in Bitcoin increases, which is evidenced by the increasing number of large shareholders, Dorsey believes that practical application will decide on the long -term importance of Bitcoin. His view is in contrast to the current market trends, in which Bitcoin is closely based on risk systems.
While The value of Dogecoin fluctuates with the wider market, Markus Meme has reopened the discussion about the influence of the community and the cyclical nature of crypto holding. Since the uncertainty continues, private and institutional participants seem to re -evaluate the role of various digital assets, not only as investments, but as tools with potential everyday benefit.
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