The crypto market posted a sharp drop, losing roughly $150 billion in market capitalization over a 24-hour period. The pullback was concentrated in Bitcoin and major altcoins, amid broad-based selling and liquidations across exchanges.
Bitcoin fell below the $90,000 level during Tuesday’s session after trading above $96,000 days earlier. The decline triggered a wave of leveraged position liquidations and increased selling pressure in the spot market. Ethereum, Solana, and other large-cap tokens recorded double-digit losses, while memecoins saw even steeper declines.
At the same time, gold absorbed significant capital inflows and climbed above $4,800 per ounce, setting a new all-time high. The market downturn coincided with geopolitical tensions in Northern Europe and a rotation of capital toward assets viewed as safe havens.
Against that backdrop, Dogecoin co-founder Billy Markus reacted on X with a single word, “Oh,” in response to a Polymarket post addressing the crypto market crash. Markus operates under the pseudonym Shibetoshi Nakamoto and maintains an active presence on social media.
Source: https://x.com/BillyM2k/status/2013787394932384151
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