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As cryptos implode, Dogecoin Co-Founder Billy Markus claims that crypto crashes occur ’a lot.’
The whole cryptocurrency market is still in the red on Sunday, with the world's largest cryptocurrency Bitcoin (BTC) selling at $35,715.09, down 17.15 percent in the last seven days.
BTC fell below the critical psychological milestone of $40,000 on Friday. The bloodbath continued on Saturday, with the top cryptocurrency dropping to a low of $34,349.25 before ending just over the $35,000 mark.
Meanwhile, Ethereum (ETH) is trading at $2,493.99, down 25.02 percent in the last seven days. On Friday, the second-largest cryptocurrency slipped below the crucial $3,000 mark.
Almost all of the world's top 100 tokens are currently trading in the red, with the overall cryptocurrency market valuation standing at $1.6 trillion.
Binance Coin (BNB) has dropped more than 23% in the last seven days, while Cardano has dropped more than 20%.
On Sunday, Dogecoin (DOGE) was trading at $0.1386, down more than 22% from the previous day, while Solana (SOL) and Polkadot (DOT) were down more than 30%.
In the midst of the crypto market's turbulence, Dogecoin co-creator Billy Markus reminds his Twitter followers that "crashes happen in Crypto."
When the last bubble broke, Ethereum fell 90 percent from its peak.
It took three years to recover in total.
I'm not claiming either will happen, but it's worth considering. Crashing happens in the crypto world. a lot.
Markus went on to say that present market conditions merely reflect the underlying sentiment of individuals active in cryptocurrency, expressing his disgust with the community.
Remember that the purchase and selling of cryptocurrencies collectively determines the trade value of crypto.
People have collectively determined that it is less than what they thought last year.
Regardless, I despise people.
In response to his tweet, one follower responded, "The difference is now." It won't take three years to recover; given today's exposure, it could happen in three months. Even 3 weeks with the correct assistance."
"I'm ready to buy it all up too!" said another fan. "This is the discount I was looking for."
Markus also remarked on the market's performance last year, remarking how far things have dropped in 2022.
I didn't believe I'd miss 2021.
Support us!
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By Crypto PiratesThe whole cryptocurrency market is still in the red on Sunday, with the world's largest cryptocurrency Bitcoin (BTC) selling at $35,715.09, down 17.15 percent in the last seven days.
BTC fell below the critical psychological milestone of $40,000 on Friday. The bloodbath continued on Saturday, with the top cryptocurrency dropping to a low of $34,349.25 before ending just over the $35,000 mark.
Meanwhile, Ethereum (ETH) is trading at $2,493.99, down 25.02 percent in the last seven days. On Friday, the second-largest cryptocurrency slipped below the crucial $3,000 mark.
Almost all of the world's top 100 tokens are currently trading in the red, with the overall cryptocurrency market valuation standing at $1.6 trillion.
Binance Coin (BNB) has dropped more than 23% in the last seven days, while Cardano has dropped more than 20%.
On Sunday, Dogecoin (DOGE) was trading at $0.1386, down more than 22% from the previous day, while Solana (SOL) and Polkadot (DOT) were down more than 30%.
In the midst of the crypto market's turbulence, Dogecoin co-creator Billy Markus reminds his Twitter followers that "crashes happen in Crypto."
When the last bubble broke, Ethereum fell 90 percent from its peak.
It took three years to recover in total.
I'm not claiming either will happen, but it's worth considering. Crashing happens in the crypto world. a lot.
Markus went on to say that present market conditions merely reflect the underlying sentiment of individuals active in cryptocurrency, expressing his disgust with the community.
Remember that the purchase and selling of cryptocurrencies collectively determines the trade value of crypto.
People have collectively determined that it is less than what they thought last year.
Regardless, I despise people.
In response to his tweet, one follower responded, "The difference is now." It won't take three years to recover; given today's exposure, it could happen in three months. Even 3 weeks with the correct assistance."
"I'm ready to buy it all up too!" said another fan. "This is the discount I was looking for."
Markus also remarked on the market's performance last year, remarking how far things have dropped in 2022.
I didn't believe I'd miss 2021.
Support us!