Dogecoins grundare förutspår Bitcoin Kommer att nå $100,000 XNUMX

Av NewsBTC - 1 år sedan - Lästid: 2 minuter
Tis 8 nov 2022 11:39

Dogecoins grundare förutspår Bitcoin Kommer att nå $100,000 XNUMX

Den största cryptocurrency, Bitcoin, has suffered a 5% decline from its $20,000 level, which it has maintained for a couple of weeks. However, during the short rally a few weeks back, Bitcoin’s valuation recovered from its three-month low, shooting above $21,000.

These gains brought hope to the crypto market and boosted investors’ confidence that the crypto winter is about to end. However, the November 7 market record has shattered their hopes, with many cryptocurrencies falling back to their decline, including Bitcoin och eterum.

But Billy Markus, the co-creator of Dogecoin, believes that Bitcoin may reach $100,000 one day. He said this in respons to Madam Doge, a Twitter user who lamented BTC’s current price while citing Michael Saylor’s Bullish Bitcoin förutsägelser.

Markus added that Bitcoin price would reach that much in a future where $100k would only buy a sandwich due to inflation or when the current users might have already died. The conversation began with Madam Doge complaining and enquiring why the Bitcoin price fell, while Markus said it was due to massive sellouts.

Possible Reasons Behind Bitcoin Nedgång

Under det senaste dygnet, Bitcoin dropped below $20,000 and currently trading around the $19,500 level. The asset was trading at $20,400 24 hours ago, the level it managed to maintain for two weeks. The performance got the market thinking that BTC is retracing its way upwards.

Enligt en Coinglass-rapport likviderades 112.83 miljoner dollar i kryptovaluta, medan 95% av långa positioner raderades ut. Mer data om den massiva försäljningen följde också, och avslöjade likvidationer värda $300 miljoner.

The market volatility often depends on Bitcoin’s performance. However, the present one is different. The liquidation data shows that Ethereum and FTT were probably the cause of Bitcoin’s massive sell-off.

Striden mellan Binance and FTX resulted in a 19% drop in FTT value. Furthermore, due to potential insolvency issues, FTX decided to raise funds by selling off its Ethereum holdings. Santiment’s report confirmed the increase in selling pressure. The blockchain analytics firm also confirmed the offload of ETH from FTX’s ETH wallets.

Inom några dagar drog FTX 300,000 6 ETH ur sina plånböcker, vilket resulterade i högt säljtryck på Ethereum-marknaderna. Som ett resultat har Ethereum och XRP sjunkit med 1,500%, med ETH som faller under sin psykologiska nivå på $XNUMX XNUMX.

Dogecoin och andra memecoins faller tillbaka

Meanwhile, the memecoins which have been in the limelight following Elon Musk’s Twitter acquisition are also down. For example, Dogecoin is faring much worse than Bitcoin and Ethereum, with approximately a 15% loss in valuation, while Shiba Inu (SHIB) dropped 8%.

För närvarande handlas DOGE till 0.08667 USD, med en handelsvolym på 2,152,858,888.09 24 493,920,114 XNUMX USD. SHIB:s nuvarande pris sjunker, med en XNUMX-timmars handelsvolym på $XNUMX.

Ursprunglig källa: NewsBTC