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Dogecoin Founder Issues Bitcoin Statement on Further BTC Decline By U.Today

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2 years ago

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Dogecoin Founder Issues Bitcoin Statement on Further BTC Decline By U.Today

© Reuters. Dogecoin Founder Issues Bitcoin Statement on Further BTC Decline

U.Today – Billy Markus, who founded the iconic meme cryptocurrency together with Jackson Palmer back in 2013 and launched it, has taken to Twitter/X social media network to comment on the further plunge took earlier today as it went below the $39,000 level.

“Shibetoshi Nakamoto”, as Markus is known on Twitter, stated in his recent tweet “Good morning to everyone except Bitcoin,” thus showing sarcastically his dissatisfaction with the volatility of the world’s largest cryptocurrency, the one which he and Palmer parodied when they created DOGE.

Earlier today, the leading digital currency dived under $39,000, hitting $38,543. However, it quickly rebounded, adding 2.41% (versus the previous loss of 3.52%) and at the time of this writing, BTC is exchanging hands at $39,471.

Bitcoin bloodbath continues

Since the approval of Bitcoin exchange-traded funds by the Securities and Exchange Commission and the start of ETF trading on January 11, Bitcoin first responded with a sharp increase above the $49,000 level.

However, that did not last long and Bitcoin started its rapid descent into the red. By now, it has lost a whopping 19.56%, falling from $49,000 to the current $39,471 price mark.

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As reported, earlier today the cryptocurrency market was struck by a massive bloodbath as $100 million in Bitcoin and other cryptocurrencies were liquidated across various crypto trading venues.

Aside from that, according to a recent tweet of cryptocurrency analyst and trader Ali Martinez, over the period of the last two weeks, Bitcoin miners have dumped a large chunk of Bitcoin, getting rid of 70,000 BTC (the equivalent of $3 billion in fiat).

Bitcoin is not going into $30,000 range: Samson Mow

Aside from that, Grayscale continues to dump Bitcoin from its Grayscale Bitcoin Trust onto the market. Yesterday, the company spearheaded by Michael Sonnenshein sold 14,292 BTC worth more than have a billion US dollars.

Still, while a great many cryptocurrency traders hope that Bitcoin will drop into the $30,000 range, so they can start buying the dip, vocal Bitcoin maximalist and evangelist, CEO of Jan3, Samson Mow, does not believe it is likely to happen.

In the meantime, Mow remains a strong believer that Bitcoin will eventually reach the much-expected $1 million mark. However, he does not specify when it is likely to happen.

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

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12 hours ago

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December 14, 2025

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
The SEC is signaling a decisive push to move U.S. financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and regulatory strategy under Chair Paul Atkins.
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Westlake police say cryptocurrency scam cost woman over $5,000

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24 hours ago

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December 13, 2025

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Westlake police say cryptocurrency scam cost woman over ,000

WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.

The clerk said the customer would not believe the clerk’s warning that she was being scammed.

Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.

The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.

The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.

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She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.

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Read more from the West Shore Sun.

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin

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1 day ago

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December 13, 2025

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin
Youtube has reportedly begun letting U.S. creators receive payouts in Paypal’s dollar-pegged stablecoin, Paypal USD (PYUSD), signaling a shift toward regulated digital currencies as mainstream payment tools and deepening stablecoins’ role in creator monetization.
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