# Bitcoin's Bearish Plunge

*Author: Bankless*
*Published: Jun 24, 2024*
*Source: https://www.bankless.com/es/bitcoins-bearish-plunge-2*

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Bitcoin's Bearish Plunge
    
  

  
  Published on June 24, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Mt. Gox Repayments

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/Group-15--56-.png)](https://www.bankless.com/dashboard)- 🏔️ **Mt. Gox Repayments Finally Coming Next Month.** $9 billion in BTC and Bitcoin Cash will be repaid to creditors.
[*Read more on Bankless.com*](https://www.bankless.com/mt-gox-repayments)
- ✌️ **Jump Crypto's Kanav Kariya Steps Down.** The move comes after a report that the CFTC is investigating the firm's trading practices.
[*Read more on Bankless.com*](https://www.bankless.com/jump-crypto-presiden)
- **💥 Blast Launches Foundation Ahead of Airdrop. **The L2 team had little to say about its structure, but we'll be getting more details by Wednesday.
[*Read more on Bankless.com*](https://www.bankless.com/blast-launches-blast-foundation-ahead-of-airdrop)

.  .  .

 
  
    

    MARKET VIBES

  
  

    Bitcoin Bearish Plunge
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: ***Crypto investor sentiment reached new lows Monday as BTC dropped below $60K amid concerns of Mt. Gox repayments-induced sell pressure coming. With BTC now down 20% from its mid-March all-time highs, anxious crypto traders are smashing 'sell.'*

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.20T
       

  
    
    ↘ 5.1%
    
  

   
    
    ↘ 8.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $59,486
       

  
    
    ↘ 6.6%
    
  

   
    
    ↘ 10.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,310
       

  
    
    ↘ 3.7%
    
  

   
    
    ↘ 5.9%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/9481.png)
    

  **PENDLE**
   
          $5.79

       

  
    
    ↘ 0.3%
    
  

   
    
    ↗ 9.8%
    
  

  

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🔒**New Token Rating: **Amid unprecedented airdrop speculation, **Pendle** has emerged as one of this cycle’s top performers! Will this token continue to soar?[Unlock PENDLE Token Analysis](https://www.bankless.com/pendle-token-rating-6-24/)

.  .  .

 
  
    

TACTIC

  
  
    
   
How to Start a Community on Base
  
  
   
     
     Bankless Author: 
     
       [
       
       William M. Peaster](https://x.com/WPeaster)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/image---2024-06-24T165434.711.png)](https://www.bankless.com/how-to-start-a-community-on-base)**Base's app scene is more mature than ever, and it's easier than ever to get started. **There are now *many *great resources that you can use to start and manage your own community on the network. 

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