Bittime - Billy Markus, the co-founder of Dogecoin known online as "Shibetoshi Nakamoto", recently made sarcastic comments on Twitter about the sharp decline in major crypto assets such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) .
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Markus is known for his humorous approach to the volatile crypto asset market. During the recent price drop, his tweet “oh not everyone dies we die” jokingly highlighted a common misconception among investors – namely overreacting to a significant price drop.
Market Crash Details
The unexpected decision triggered a market-wide price drop for the top crypto asset.
Over the past 24 hours, Bitcoin fell from a high of $70,760 to the current level of $67,490, reflecting a decline of around 7%.
Ethereum also experienced a decline, dropping from $3,525 to $3,161, representing a decline of more than 10%.
While there were slight increases for both assets (BTC to $67,472 and ETH to $3,259), the sharp declines impacted the market. Small investors, in particular, are facing pressure to sell their holdings.
Crypto asset liquidations reached around $735 million overnight, showing the widespread impact of the downturn.
Also read How to Take Advantage of Market Crashes and Liquidations in Crypto Investments
Bitcoin Halving and Potential Price Increase
The timing of this drop is noteworthy, as it coincides with the upcoming Bitcoin halving event on April 21st. This halving will reduce the number of new Bitcoins generated per block in half, from 6.25 BTC to 3.125 BTC.
The crypto community is monitoring these halving events closely, as historically they correlate with periods of elevated market sentiment.
The hope is that a similar trend will follow this halving, potentially leading to a price increase after the halving, which may also benefit Dogecoin.
Also Read How To Buy Crypto:
Mark's Casual View
Markus' brief but impactful comments serve as a reminder of the inherent volatility in crypto asset markets, delivered with a touch of humor.
Facing the impending bitcoin halving, his perspective offers the crypto community a more optimistic outlook amidst the usual market volatility.
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How to Buy Dogecoin (DOGE) on Bittime
You can buy and sell Dogecoin (DOGE) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Dogecoin (DOGE) is available on Bittime with the market pair DOGE/IDR . To be able to buy DOGE USDT on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Dogecoin (DOGE) on Bittime .
Monitor price chart movements of Dogecoin (DOGE), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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