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Dogecoin Creator Breaks Silence as Bitcoin Loses $55K
Yuri Molchan
One of the computer engineers who created the meme cryptocurrency DOGE commented on the continuation of the “Bitcoin carnation”
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Billy Markusknown on Twitter/X as Shibetoshi Nakamoto and creator of Dogecoin together with Jackson Palmer in 2013, is a popular cryptocurrency influencer on the above-mentioned social media platform.
He tweeted as Bitcoin’s bloodbath continues, making a dark and ironic statement. These statements began on Thursday, when the world’s largest cryptocurrency fell near the $57,000 price level.
Bitcoin falls from the bottom, Markus comments
The co-creator of Dogecoin took to the X platform on US Independence Day to make a combination of a tongue-in-cheek commentary on Bitcoin’s crash and a celebratory Fourth of July tweet.
He tweeted: “Happy 4th of July” with a “smiling face with tears” emoji. The tweet was accompanied by a chart showing Bitcoin’s plunge to $55,465.
As Bitcoin fell well below $58,000 on Thursday, Shibetoshi Nakamoto tweeted, “Bitcoin damn it.” The day before, he responded to numerous Bitcoiners and Bitcoin maxis who were idealizing the largest digital currency and claiming it “represents freedom.” Markus tweeted, “Freedom slowly eroding as the price drops.”
Bitcoin Crashes to $53,870
Over the past 24 hours, digital gold has lost 10.67%, falling from the $60,341 area to $53,879. In total, since Monday, Bitcoin has lost more than 15%, losing almost $10,000 in price.
At this point, BTC has recovered a bit and is changing hands at $54,366. CEO of JAN3 Samson mows down tweeted yesterday that he believes whales are currently buying all the Bitcoin dips on the Bitfinex exchange. A week ago, on Friday, he warned that the cryptocurrency market would consume all the current BTC sell-offs.
As miners continue to sell their long-term BTC reserves and continue to sell newly mined Bitcoin, the US and German governments have also dumped huge amounts of Bitcoin. Tron founder Justin Sun tweeted that he is willing to negotiate with the German government and buy all of its BTC to minimize the effect on the cryptocurrency market.
Aside from that, word has spread that one of the first Bitcoin exchanges in history, Mt. Gox, has started moving BTC to repay what it owes to investors. Today, it moved $84.87 million in Bitcoin to the Bitbank exchange. Yesterday, it moved $2.71 billion in BTC in preparation for those payments.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.