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SOL The cryptocurrency market rebounded rapidly, with dogcoin leading the gains by 10%
The cryptocurrency market rebounded rapidly, with Bitcoin and many mainstream digital assets recording significant gains. Dogecoin became one of the best performing assets, rising 10%, and its price rose to $0.0771, continuing Wednesday's rise after it had fallen to a low of $0.069. The popular dog-themed token briefly hit $0.078 in early trading on Thursday, before falling slightly.
Dogecoin co-founder responds to rapid market recovery
Dogecoin co-founder Billy Marcus (named Shibetoshi Nakamoto on the X platform) posted on social media in response to the sudden rise in digital assets. Marcus originally created Dog Coin as a joke project, but then the coin gained global attention. He shared a screenshot showing the broad rally in the cryptocurrency space, with assets such as Bitcoin, Ethereum, Solana and Dogcoin all rising significantly.
His post raised two pointed questions with enthusiastic question marks and exclamation points: "Is cryptocurrency back? Is the nightmare of 2026 over?" Marcus's comments point to the continuing uncertainty in the cryptocurrency space after the market turmoil in 2026.
In October last year, the cryptocurrency market suffered a major flash crash, wiping out US$19 billion in market value, and the industry has experienced a long selling period since then. Since then, investors have been closely watching for signs of continued recovery.
Dogcoin co-founder Billy Marcus questioned whether the recent rebound marked lasting change, asking: "Is cryptocurrency back? Is the nightmare of 2026 over?"
In the pictures shared by Marcus, cryptocurrencies such as Bitcoin, Ethereum, Solana and Dogcoin all showed strong upward trends. It is particularly noteworthy that the S & P 500 index increased by only 0.21% during the same period.
The rise and fall of various assets are as follows: Dogecoin +10%, Bitcoin rose, Ethereum rose, Solana rose, and the S & P 500 Index +0.21%.
Market background and investor sentiment
The broader financial markets are adapting to the latest Federal Open Market Committee meeting minutes released Wednesday. Minutes of the Federal Reserve's July meeting showed that most officials supported maintaining current interest rates, while some officials advocated raising interest rates. The disagreement may be one reason why the S & P 500 recorded only a small gain.
Although the stock market's reaction was sluggish, cryptocurrencies were higher, and the gains of assets such as dogcoin and bitcoin far exceeded the stock market returns. The divergence between crypto assets and traditional markets has attracted the attention of traders and market commentators.
Recent trends have sparked a new round of discussions: Have digital assets emerged from the difficult times of 2026? Marcus's question about the "nightmare of 2026" reflects doubts that still exist after last year's market turmoil.
Market observers pointed out that without the continued rise in cryptocurrencies in the next few weeks and even months, it is impossible to confirm a shift in long-term trends.
Note: The Federal Open Market Committee (FOMC) is the department of the U.S. Federal Reserve Board responsible for formulating monetary policy (including interest rate and money supply regulation).
