Dogecoin Founder Responds as DOGE, BTC Skyrocket

Earlier, Markus made a lighthearted prediction that "Bitcoin would reach $69,420, while Dogecoin would hit $0.16942," adding that memes are the most important thing.

Now, with both cryptocurrencies reaching new highs, Markus revisited his previous statement, saying in his characteristic humor, "Well, Bitcoin and Doge listened to the prophecy, anyway."

well, bitcoin and doge listened to the prophecy, anyway 🤣 pic.twitter.com/gIvucl6fix

— Shibetoshi Nakamoto (@BillyM2k) November 5, 2024

In another recent tweet, Markus wrote, "It's a great day for crypto," acknowledging the overall market rise, which saw Bitcoin hit a record high and numerous digital assets achieve double-digit gains.

At the time of writing, DOGE was up 18% in the last 24 hours to $0.197 and up 17% weekly. Futures tracking DOGE reported $30.5 million in short liquidations over the past 24 hours, an extremely high figure that suggests part of the surge was driven by covering losing bets. DOGE has increased its 30-day gains to about 75%, making it the top-performing major cryptocurrency.

Bitcoin hits new ATH

Bitcoin originally reached its previous high of $73,797.68 on March 14, when investors were spurred by inflows into U.S. Bitcoin exchange-traded funds. Bitcoin had traded in a limited range below $70,000 for the majority of the year before this recent spike.

BTC has now climbed 75% in 2024, outperforming stocks and gold. U.S. spot-Bitcoin ETFs from issuers, including BlackRock Inc. and Fidelity Investments, have received $23.5 billion in net inflows since their inception at the beginning of the year, making them among the most successful new ETFs in history.

Aside from cryptocurrencies, U.S. equity futures, the dollar and Treasury yields have all jumped in the last 24 hours.