Billy Markus Jokes About Crypto Market Crash by Tweeting a Picture of a Sinking Yacht Named \'No Worries\'

Billy Markus, who created the original meme cryptocurrency Dogecoin together with Jackson Palmer in 2013, has taken to his X

Billy Markus, the creator of Dogecoin, has commented on the recent cryptocurrency market decline, using a sinking yacht meme to poke fun at the situation.

After a brief attempt to recover from the losses early this week, Bitcoin price took another hit, dropping by 24% in the past 24 hours. This brought BTC price down to the $44,000 level, erasing gains made over the past week.

The flagship cryptocurrency began the week strongly, rising from Monday's price of $53,900 to Tuesday's high of $63,600. However, this momentum was short-lived as the crypto market took a downturn on Wednesday.

Bitcoin price dropped below the $60,000 threshold on Wednesday morning, reaching a 24-hour low of $58,370. This marked a significant loss for the day, despite a brief attempt at recovery.

However, the losses continued to mount throughout the day, with BTC price eventually dropping below the $55,000 level. This steep decline put Bitcoin price on track for its worst 24-hour performance since June 13.

The broader crypto market also experienced heavy losses on Wednesday. Second-ranked cryptocurrency by market cap, Ethereum, dropped by 20% in the past 24 hours, bringing ETH price down to the $3,000 level.

Meanwhile, Dogecoin, which Markus created together with Palmer, has also seen significant losses this week. After beginning the week at Monday's price of $0.09185, Dogecoin price rallied up to Tuesday's high of $0.12693.

However, Dogecoin price took a downturn on Wednesday morning, dropping by 11.4% in the past 24 hours. This brought DOGE price down to the $0.10428 level, where it is currently trading at the time of this report.

The above is the detailed content of Billy Markus Jokes About Crypto Market Crash by Tweeting a Picture of a Sinking Yacht Named \'No Worries\'. For more information, please follow other related articles on the PHP Chinese website!