As the world's largest cryptocurrency, Bitcoin (BTC) has dropped by slightly more than 2% in the past 24 hours. The crypto market leader is now trading at around $104,400 per coin, slipping from the $105,500 mark.

Since Thursday, Bitcoin has declined by roughly 5%, losing the $108,800 mark. The crypto market followed its leader, Bitcoin, into the red zone. During the past day, top 20 coins and those further down the list dropped 2%-8%.

"I liked crypto about 10% better yesterday," Markus commented in his typical ironic style.

After U.S. and China trade tensions have begun escalating again, Bitcoin began crashing.

Recently, high-ranking officials from both countries met in Switzerland to discuss trade issues and try to resolve issues related to tariffs and technology transfer.

After that, Bitcoin slightly rebounded as the personal consumption expenditures (PCE) price index, the key inflation metric for measuring the inflation rate, has slipped by 0.1% during the past month. This brought the overall inflation rate up to 2.1% — the lowest in 2025 so far.

However, despite the positive news on inflation, Bitcoin continued to decline.

Still, that did not prevent Bitcoin slipping further after that.

Shibetoshi Nakamoto is known for his ironic attitude toward investing in/trading crypto and NFTs.

Once he even likened trading to a mental illness.

The DOGE founder does not believe that analysts or traders are able to predict future movements of crypto prices.

He pointed out that “experts” usually explain Bitcoin spikes or crashes after they happen, not before.

In his tweets, Markus often shares that take. He is also often skeptical on predictions promising Bitcoin to soar to 1 million per coin.

As for his crypto holdings, Markus has several times posted that he holds a tiny bit of Dogecoin and 0.001 BTC.

He sold nearly all his Dogecoin (CRYPTO: DOGE) stash back in 2015 to buy a used Honda Civic automobile.