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- Bitcoin takes another dip 📉
Bitcoin takes another dip 📉
Meanwhile. the Dogecoin lawsuit against Elon Musk is not dead yet.
Ryan Ozawa
August 30, 2024
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📝 What you need to know
Echoing an earlier unexplained dip on Tuesday, the price of Bitcoin dropped below $58,000 on Friday to $57,932. While recovering somewhat since, BTC is down nearly 6% this week, and about 9% down from the start of August.
Other coins in the news are also in the red: Toncoin (TON) and Notcoin (NOT), linked to the messaging platform Telegram, are both down more than 20% in a week that saw Telegram’s founder Pavel Durov indicted in France and the TON network overloaded and halted twice.
Even the arguably happiest crypto, Dogecoin (DOGE), is down after DOGE booster Elon Musk and Tesla got a class action lawsuit against them over his boosterism dismissed by a judge. But the plaintiffs tell Decrypt they’re going to appeal.
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💬 Quote of the Day
“We live in a world where the richest people like Elon Musk do whatever they want and get away with it. The Second Circuit Court of Appeals has had the spine to rule against Musk before, and that is where we will receive justice in this case.”
Looking for a little Gangnam glamor during Korea Blockchain Week? Stop by Rug Radio and Decrypt’s Vibes in Seoul at People the Terrace on September 4. Expect the usual suspects: great cocktails, bites, and candid conversations with some of crypto’s leading minds. We’ll be there from 6pm to midnight.
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