Rise’n’Crypto Mt. Gox Bitcoin sell-off not as bad as you think, memecoins buck bearish trend
Bitcoin dipped below $60,000 on a chaotic day for the markets, and there are many reasons why this might have happened. Some of the reasons you may know, some you may not, but an intense debate is raging over the true impact of one of the largest influences, the Mt. Gox repayments scheduled to begin in July. While some believe the market will be flooded with billions of dollars worth of BTC, others say the numbers don’t add up. So, in a market-heavy episode today, we go through the chaos, the calming counter-points, and how memecoins are bucking the bearish trend.
Further reading:
- Mt. Gox trustee to start Bitcoin, Bitcoin Cash repayments in July
- Mt. Gox repayments won’t be as bad for Bitcoin as you think
- Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
- Bitcoin ‘whale games’ come early as BTC price swoons below $60K
- Bitcoin ETFs shed $1.3B over 2 weeks amid market slump
- Ethereum could fall 30% after spot ETH ETFs launch — Crypto VC
- Memecoins reverse bearish market trends to record double-digit growth
So, grab yourself a coffee, and let’s get into it!
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