Bitcoin
Dogecoin Creator Breaks Silence as Bitcoin Loses $55,000
Yuri Molchan
One of the IT engineers who created the DOGE meme cryptocurrency commented on the continuation of the ‘Bitcoin spike’
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Billy Marcosknown on Twitter/X as Shibetoshi Nakamoto and who created Dogecoin together with Jackson Palmer in 2013, is a popular cryptocurrency influencer on the aforementioned social media platform.
He issued a tweet as the Bitcoin 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 through the bottom, says Markus
The Dogecoin co-creator took to the X platform on US Independence Day to make a combination of a tongue-in-cheek comment on the Bitcoin collapse and a celebratory tweet related to the Fourth of July.
He tweeted: “Happy 4th of July” with a “smiling face with tear” emoji. The tweet was accompanied by a chart showing Bitcoin crashing to $55,465.
When Bitcoin fell well below $58,000 on Thursday, Shibetoshi Nakamoto tweeted “Bitcoin, damn it.” A day earlier, he responded to several Bitcoiners and Bitcoin maxis who idealize the largest digital currency and claim it “represents freedom.” Markus tweeted: “Freedom that slowly erodes as the price drops.”
Bitcoin drops to $53,870
In the last 24 hours, digital gold has lost 10.67%, plummeting from the $60,341 zone to $53,879. In total, since Monday, Bitcoin has lost more than 15%, losing almost $10,000 in price.
BTC has recovered somewhat so far and is changing hands at $54,366. JAN3 CEO Samson Cuts 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 selling.
As miners continue to sell their long-term BTC holdings and continue to sell newly mined Bitcoin, the US and German governments have also been dumping large 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 impact on the cryptocurrency market.
Additionally, news has spread that one of the first Bitcoin exchanges in history, Mt. Gox, has started moving BTC to pay off what it owes investors. Today, it transferred $84.87 million worth of Bitcoin to the Bitbank exchange. Yesterday, it moved $2.71 billion worth of BTC in preparation for these payments.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in many aspects in the future. He has written for various crypto media outlets. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.