Shiba Inu Developer Shytoshi Kusama Comments on Crypto Market Crash

Bittime - Shytoshi Kusama, lead developer of Shiba Inu, and Oscar Ramos, crypto influencer, advise against selling crypto assets despite market downturns, mirroring Bitcoin and Ethereum major declines amid recession fears and geopolitical tensions.

Shiba Inu Developer Shytoshi Kusama Comments on the Crypto Market

The mysterious lead developer associated with Shiba Inu, Shytoshi Kusama, agrees with the popular analyst's opinion that there is no need to sell crypto assets even if their prices fall. Oscar Ramos, a famous crypto influencer, supports the analyst's opinion on the recent crypto market downturn.

Reasons Behind Crypto Asset Industry Collaborative Decisions

This comes after the risk-taking industry's worst intraday drop in 2024, where major coins like Bitcoin and Ethereum saw huge drops.

The Collaborative decision was made after the worst intraday decline in the crypto asset industry in 2024 currently, so this involves major coins such as Bitcoin and Ethereum.

Crypto Market Crash Raises Concerns

The crypto asset market mirrored the stock market slump, with recession fears and rising geopolitical tensions sending sentiment tumbling. Ethereum hit its highest intraday drop since last December 2022, reaching $2,152. Bitcoin also hit an intraday low of $52,559, which hasn't been seen since late February.

Read Also: Burn Shiba Inu: Burn Rate Increases, Potential for Breakout

Conclusion

Currently, the crypto market is experiencing a significant decline, mirroring the decline in the stock market as a result of recession fears and increased geopolitical tensions. Oscar Ramos, a well-known crypto influencer, and lead Shiba Inu developer, Shytoshi Kusama, advised against selling crypto assets even if prices fall, emphasizing the importance of holding assets amidst market volatility. 

This drop includes the worst intraday drop for Bitcoin and Ethereum in 2024; Ethereum prices have reached their lowest point since the end of February 2022, and Bitcoin has reached their lowest point since the end of February 2022. This decision shows cooperation and trust in the crypto asset industry despite facing severe market challenges.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.