From Investing.com: 2024-07-08 07:30:22

Billy Markus, co-creator of Dogecoin, jokes about the current cryptocurrency market decline on social media. Bitcoin sees a 5.81% drop in the past 24 hours but gains 1.55% back, trading at $55,860. Between July 1 and 5, Bitcoin lost over 15% but made an 8.3% recovery before the recent fall.

Dogecoin follows Bitcoin’s price movements, dropping almost 28% from July 1 to 5 then recovering by 20%. In the last 24 hours, Dogecoin sees an 11.4% decrease. Today, DOGE has a 3.64% increase, trading at $0.10428. Markus criticizes crypto trading, comparing it to gambling and mental illness.

Markus questions the predictability of cryptocurrency price movements, likening crypto trading to gambling and mental illness. He suggests that financial freedom offered by Bitcoin may decrease as the BTC price drops. His recent social media activity reflects skepticism about the cryptocurrency market’s future.

Read more at Investing.com: Dogecoin Founder Issues Crucial Statement on Bleeding Cryptocurrency Market By U.Today