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- Billy Markus, co-creator of the memecoin, publicly questioned the sustainability of the sector’s recent bullish rebound on social media.
- DOGE recorded a 10% gain over the last 24 hours to reach $0.0771, with an intraday high of $0.078.
- The performance of major crypto assets outperformed the S&P 500 index, which reported a change of just 0.21% over the same period.
Dogecoin cofounderBilly Markus, known by the pseudonymShibetoshi Nakamoto, publicly reacted this Thursday to the recent broad rebound in the cryptocurrency market. Markus shared a screenshot of the price dashboard, posing two direct questions: whether the crypto sector is back and if the 2026 nightmare is over.
https://x.com/BillyM2k/status/2090190912278434069
Momentum returned to major digital assets following the price shakeout, boosting<a href="https://crypto-economy.com/peter-brandt-turns-bullish-on-bitcoin-rare-pattern-could-be-the-key/” rel=”nofollow noopener” target=”_blank”>Bitcoin,Ethereum,Solana, andDogecoinitself. During the session,DOGEtraded with a 10% increase to reach $0.0771, after recovering from a low of $0.069 recorded in the previous session.
During the early hours of Thursday, the canine-themed token briefly touched an intraday high of $0.078 before stabilizing its price.
Experts explain that Markus’s reaction reflects the prevailing caution following months of selling pressure across the ecosystem. Market data notes that the industry experienced record liquidations of $19 billion during a flash crash recorded last October. Since then, trading volume and retail investor confidence had remained subdued.
The chart shared byMarkusshowed that crypto assets outperformed traditional instruments. The S&P 500 index advanced by only 0.21% during the analyzed interval, while major cryptocurrencies posted double-digit percentage gains.
Macroeconomic Reaction and Asset Performance
Financial traders are digesting the release of the minutes from the JulyFederal Open Market Committee (FOMC) meeting of the US Federal Reserve.Official central bank documentation indicates that the majority of members supported keeping interest rates unchanged, though a minority faction favored additional rate hikes.
This macroeconomic backdrop contributed to restraining the traditional stock market, creating room for differentiated performance among alternative risk assets.
Analysts cited by the newspend on the confirmation of a sustained bullish structure over the coming weeks. For now, order book behavior does not reflect a consolidated technical reversal, but rather a relief rally from accumulated oversold levels
The short-term trajectory ofDOGEand the broader market capitalization will be gauged with the release of fresh Consumer Price Index (CPI) data and the Federal Reserve’s upcoming monetary policy meeting scheduled for September.
Source: www.kucoin.com