Billy Markus talked about the current situation of the crypto market’s downfall and indirectly hinted that further it may go down.

Billy Markus is co-founder of Dogecoin. In 2013, Markus launched Dogecoin with his friend Jackson Palmer. Markus & Jackson both are no longer in the Dogecoin project but Markus remains present on Twitter to promote crypto adoption, on the other hand, Palmer is active in creating those projects which support non crypto decentralized protocols. 

On 26 June, a popular Twitter user in the crypto industry asked a question from the crypto community to know the maximum possible time in which crypto assets will continuously face downfall. 

“Does anyone know how many more days the bear market is supposed to last I’m getting bored with prices not going up anymore?”

Dogecoin founder Markus responded and said that crypto assets will continuously face small up & significant downfalls. 

However, Markus is not an analyst but still his opinion on this current situation is quite right because the majority of the crypto analysts claimed that we are in the initial phase of crypto winter situation and here we need to remain aware of the risks. 

In recent months, many big crypto companies reduced the strength of employees so that the company can sustain their business with small funds management. 

Bitcoin Price Action 

At the time of writing this article, the price of Bitcoin is $20,895 and this price is 2.48% down from the last 24 hours’ trade price.

Dogecoin founder hints more downturn for the crypto industry coming 1

A sudden plunge in Bitcoin price can be seen in the last couple of hours where a straight downward line is proof of fear among the crypto Investors. 

Read also: Hacker returns stolen half fund to XCarnival


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