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Coin Stories with Natalie Brunell
News Block: Who is Selling Bitcoin, Billionaire Michael Dell Signals Bitcoin Interest, WikiLeaks Founder Julian Assange Freed
Jun 27, 2024
10:32
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WikiLeaks Founder Julian Assange's freedom, supported by a Bitcoin donor, is highlighted. Billionaire Michael Dell's potential Bitcoin interest and the German government's Bitcoin sale are discussed, along with market triggers and stability at $60,000 in the Bitcoin market.
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Quick takeaways
- Potential market crash feared from Mt. Gox repayments, but firms will likely hold Bitcoin long-term.
- Governments like Germany and US are selling seized Bitcoin, while Michael Dell shows interest in Bitcoin adoption.
Deep dives
Bitcoin's Recent Price Movement and Mt. Gox Repayments
Bitcoin's price is currently experiencing a drop, with fears in the market as it hovers above $60,000, down nearly 10% for the month. The market is wary of the upcoming Mt. Gox repayments of 142,000 Bitcoin, valued at $9 billion, potentially causing a price crash. However, firms that hold these claims are unlikely to sell, given their long-term belief in Bitcoin.
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