Cryptocurrency: Bitcoin plummets, altcoins in turmoil, stablecoins under pressure

Bitcoin ($BTC ) in freefall:

Fears over Mt. Gox repayment and government selloffs send prices tumbling, many positions liquidated, market jittery.

Mt. Gox "resurrects":

After a 10-year delay, the exchange begins repaying customers in BTC and BCH. Mt. Gox's former CEO "relieved" as customers receive funds.

Market divergence:

El Salvador continues to buy BTC, billionaire Justin Sun ready to buy back BTC from Germany. BTC price forecast to reach new highs in August and $100,000 by November.

Altcoins: Some rejoice, some slump:

Token mergers: $FET , AGIX, OCEAN "merge", prices see slight gains.

Stablecoin regulation: MiCA takes effect, Circle receives first license.

Shiba Inu ($SHIB ) surges: Accepted as payment, price jumps.

ENS gains: Upcoming upgrade boosts investor sentiment.

Memecoins jubilant: Rise after Supreme Court ruling on Donald Trump.

Next week:

Short-term volatility likely due to macroeconomic factors and investor sentiment.

Many analysts remain optimistic about the long-term future of Bitcoin and crypto.