Billy Markus, the cofounder of Dogecoin, shared humorous memes that illustrate the cyclical nature of the crypto market as it experiences severe downturns. He noted the emotional loops characterizing bull and bear markets.
The crypto market is under intense selling pressure, with Bitcoin falling below 75,000 USD. Major cryptocurrencies like XRP and SOL also saw drops of over 17% alongside Dogecoin’s decrease to 0.138 USD.
Market sentiment is currently low due to significant liquidations totaling 1.4 billion USD, reflective of widespread panic-selling and potential market extremes.
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