Bitcoin fell below $59,000 at one point. What happened in the past 12 hours?

This article is machine translated
Show original
Bitcoin once fell below $59,000 last night, approaching the $58,000 mark, and fell by $5,000 in two days. What exactly caused Bitcoin to pull back continuously? There is news again from Mentougou, which once again stated that it will repay users and billions of dollars of Bitcoin and other encrypted assets will be released. Assange reached an agreement with the United States and is about to end his imprisonment. The related meme coins $JUSTICE have soared.

1. Assange will reach a plea agreement with the United States, and the meme coin Justice surges by more than 110%

Concept currency: $JUSTICE (+110%)

Several court documents filed on the 24th local time show that Julian Assange, the founder of the "WikiLeaks" website, will reach an agreement with the US Department of Justice to plead guilty to a felony charge, which will save him from prison. Reports say Assange is expected to return to Australia after his guilty plea and sentencing. The sentencing is scheduled for the morning of the 26th in Saipan, Mariana Islands. As Assange objects to going to the US mainland and the court is closer to Australia, the hearing was chosen to be held in Saipan. Reports point out that the agreement ensures that Assange pleads guilty while being exempt from any additional imprisonment.

Influenced by this news, AssangeDAO (JUSTICE), a DAO & Meme project created to release Assange, rose 111.2% in 24 hours and is now trading at $0.0005034.

2. Insider: Trump plans to speak at the Bitcoin 2024 conference in July

Concept coin: $TRUMP (+25%)

Former U.S. President Donald Trump is in talks to speak at the Bitcoin 2024 conference in Nashville in late July, according to two people familiar with the matter.

The conference, hosted by Bitcoin Magazine from July 25 to 27, is considered the biggest Bitcoin event of the year.

3. ZK Nation: The second batch of ZK token claims are now online

Concept coin: $ZK (+6.4%)

Odaily Odaily News ZK Nation announced that the second wave of ZK token claims is now online. Now members of the Protocol Guild, contributors to external projects, or users nominated by ZKsync native ecosystem projects can check their airdrop eligibility.

It is reported that this application accounts for 1.91% of the total airdrop, and the deadline is January 3, 2025.

4. News from Mentougou: Huge amounts of Bitcoin will be repaid soon

Concept currency: $BTC (-0.44%)

According to the official website documents disclosed earlier, the Mt.Gox trustee stated that it would start the BTC and BCH repayment work from the beginning of July. At present, these preparations have been completed, and the exchange and confirmation of the information required for repayment have been completed with the relevant exchanges. Because the amount of compensation is too huge, Mt.Gox will repay a total of 142,000 BTC (about 8.72 billion US dollars) and 143,000 BCH (50.765 million US dollars) to creditors, a total of about 8.77 billion US dollars in selling pressure. Shortly after the announcement of this news, the market heard the news and began to fall.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
18
Add to Favorites
5
Comments