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 JulyMt. Gox repayments won’t be as bad for Bitcoin as you thinkBitcoin ‘cascading long squeeze’ to blame for slump to $60KBitcoin ‘whale games’ come early as BTC price swoons below $60KBitcoin ETFs shed $1.3B over 2 weeks amid market slumpEthereum could fall 30% after spot ETH ETFs launch — Crypto VCMemecoins reverse bearish market trends to record double-digit growthSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.