UPDATE 1:38 p.m. EST: Swedish authorities have filed an appeal, and Assange will remain in jail until the next hearing, which will likely be within 48 hours.

A London court granted bail to WikiLeaks founder Julian Assange with conditions Tuesday while he awaits a decision on his possible extradition to Sweden.

The conditions include:

• A bond of £240,000 (about $380,000)
• A curfew from 10 a.m.-2 p.m. and 10 p.m.-2 a.m.
• Reporting to the police station every day at 6 p.m.
• Surrendering his passport
• Wearing an electronic tag

Though Assange was freed on bail, he will likely remain in jail for at least another 48 hours pending a potential appeal.

Swedish prosecutors have two hours to lodge an appeal against his release, which they are likely to do, said Gemma Lindfield, the lawyer for Swedish authorities.

Several of Assange's wealthy friends and supporters including English socialite Jemima Khan promised to put up the money for his bail.

Assange's lawyer, Geoffrey Robertson, said his client would accept the terms of his bail.

The next hearing is scheduled for Jan. 11.

The judge's ruling was met with cheers inside and outside the courtroom.

Assange has spent the last week in a London prison after being denied bail, and if released, he will most likely stay at the home of the director of the Frontline Club journalism organization. He had been staying there before surrendering to the Scotland Yard.

The 39-year-old Australian spoke with his mother, Christine, for 10 minutes before Tuesday's hearing. She asked him, on behalf of Australia's Seven network, whether it had been worth it.

"My convictions are unfaltering," Assange said. "I remain true to the ideals I have expressed. This circumstance shall not shake them. If anything, this process has increased my determination that they are true and correct."