- Dogecoin creator Markus notes Bitcoin slid 5% since Thursday, dragging broader crypto markets lower with it.
- Markus dismisses price predictions, urges skepticism toward “easy gains” claims in volatile crypto markets.
Billy Markus, the co-creator of Dogecoin, weighed in on the recent market dip with his trademark wit. On X, where he goes by “Shibetoshi Nakamoto” he noted that Bitcoin had slipped by just over 2 percent, falling from $105,500 to around $104,400.
i liked crypto about 10% better yesterday
— Shibetoshi Nakamoto (@BillyM2k) May 30, 2025
Markus observed that since Thursday, Bitcoin lost about 5 percent, sliding below the $108,800 mark. Meanwhile, the broader crypto market trailed the leader into negative territory. Over the last day, top twenty tokens fell between 2 and 8 percent. He summed up the mood in a single tweet: “I liked crypto about 10% better yesterday.”
According to Markus, trade tensions between the U.S. and China reached a new level after discussions in Switzerland. Therefore, Bitcoin began its rollback amid growing uncertainty. Subsequently, a key inflation metric—personal consumption expenditures—showed a 0.1 percent dip for the month, lifting the annual rate to 2.1 percent. Still, that improvement did not stop Bitcoin from sliding further.
While Markus often pokes fun at the idea of predicting price swings, he stressed that no one truly forecasts these movements. ETHNews analysts pointed out, tend to explain a rise or fall after it occurs. He often uses irony to question bold calls that Bitcoin will someday reach a price of one million dollars.
Markus has long encouraged a healthy dose of skepticism toward crypto speculation. He once likened trading to a mental illness. Although he retains a small amount of Dogecoin and 0.001 BTC, most of his early holdings disappeared after he sold his Doge stash in 2015 to buy a used Honda Civic.
However, his view remains clear: any promise of easy gains rings hollow. He expects buyers and sellers to learn through trial and error rather than relying on expert forecasts.
As of May 31, 2025, Dogecoin (DOGE) is trading at $0.19276 USD, showing a minor −0.48% decline on the day. Despite the current dip, DOGE has delivered a +12.01% return over the past month, although it remains down −14.34% this week and has lost −38.82% year-to-date. The price performance reflects a market that has recently rebounded but is facing renewed selling pressure amid broader market weakness.
Dogecoin is currently trading within a technical formation known as an ascending triangle, often viewed as a bullish continuation pattern. If DOGE can break above the upper resistance of this formation—currently near $0.22–$0.23—analysts project a potential rally toward the $0.285 range, offering upside of over 40%. However, failure to hold above the $0.19 support could result in a drop back toward $0.17–$0.16.
The post Dogecoin at $0.19: Ascending Triangle Hints 40% Pump IF This Support Holds appeared first on ETHNews.
