Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred when trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content is accurate as of the date of publication, but some offers mentioned may no longer be available.
Billy MarcosKnown on the social media platform
On Friday, as the cryptocurrency market turned red and DOGE fell more than 19%, Markus offered his audience another quirky commentary on the state of things. His statement sparked a supportive response from the DOGE community.
DOGE Co-Founder's Comment on BTC, ETH and DOGE Fall
Markus posted a screenshot of the two largest cryptocurrencies, Bitcoin and Ethereum, experiencing a major correction after recent price surges. Dogecoin is behaving the same way. The S&P 500 index is here too, sinking into the red.
Crypto influencer Markus' tweet is full of sarcasm, saying: "Oh no, everything died, we're dead." In his multiple previous tweets over the past few years, the DOGE creator has made his attitude towards cryptocurrency trading clear: he believes it is a kind of game where no one really knows why prices go up or down and can't really predict the ups and downs, since in most cases they arise completely out of nowhere.
On Friday, the world's leading cryptocurrency. Bitcoin Suddenly Entered a Massive Correction as it fell from slightly above $70,000 to the $67,490 area, losing 7% of its value of $2,500. BTC later pared some of its losses, recovering to $67,472, where it is changing hands at the time of writing.
Ethereum followed suit, falling more than 10% from $3,525 to the $3,161 level, but then recovered a bit and is now trading at $3,259. In total, approximately $735 million worth of cryptocurrencies have been liquidated across the market in the last 24 hours.
DOGE plunged slightly more than 19%, briefly reaching $0.1610. Two recovery attempts made by Dogecoin have taken it to $0.1712.
Bitcoin Halving Is Coming
This Bitcoin crash and the cryptocurrency market correction that followed came less than a week before the fourth BTC halving scheduled for April 21.
This once-every-four-years event will again halve the amount of newly minted Bitcoin per block, this time reducing it to 3,125 BTC per newly generated block. Many expect BTC to skyrocket after that and for altcoins to follow suit.
