Any major movements in either direction are often followed by significant corrections in the crypto market, so this is not so unusual.
Markus sold or spent his original holdings soon after creating the cryptocurrency alongside fellow software developer Jackson Palmer back in 2013.
At this rate, it won’t be long before we find out whether it will threaten that level.
Of the top 10 cryptocurrencies by market cap, the hardest hit has been dogecoin, which has lost more than a third of its value in just one week.