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Happy Monday, Zingernation! Bitcoin is down again (*sigh*) and has to cross a new “line in the sand” for the bull run to continue. Here’s the magic number.

Today, we cover who is selling so much Bitcoin and why, what is going on with Bitfarms stock and more.

Plus, our partner reveals the secret to retiring early with crypto.

MARKET SNAPSHOT

TOP STORY

Bitcoin Plunges To $56K As German Government Continues Liquidating Its Holdings

Briefly: German authorities have moved an additional 8,100 BTC, worth over $400 million, to exchanges and market makers.

So Basically: The German government previously sent 2,738.7 BTC (worth $155.3 million at the time) to market makers.

So Then: But it still holds 28,988 BTC, valued at approximately $1.66 billion. The selling is probably not done yet.

So What: Bitcoin has plunged below $56,000 in light of this, even though a member of the German Bundestag called on the government to keep the coins.

Read the entire scoop here.

TOGETHER WITH CRYPTOREVOLUTION

The Secret to Retiring Faster with Crypto

Discover how the Bitcoin halving cycle this year could help you retire sooner than you ever thought possible. Get the blueprint now.

Unlock your early crypto retirement

FIVE ZINGERS

Very Attractive: There is a dog coin that is “very attractive,” according to social media traders. It’s not Dogecoin or Shiba Inu, so…which one is it?

The Line: Bitcoin has to cross a new “line in the sand,” if its bull run is to continue. The last time it was a odd number, this one is easy to remember…

Smart Money: Peter Schiff is rarely one to praise Bitcoin. He thinks smart money is selling now and here’s who will end up holding the bag.

The Worst: …may actually be over for Dogecoin. That is if we are trading in line with previous cycles. Here’s under what condition DOGE will recover.

All In: Top crypto analyst Michael van de Poppe went all in on altcoins and it’s not been going so well. But he remains defiant and here’s why.

TOGETHER WITH CRYPTOREVOLUTION

The Secret to Retiring Faster with Crypto

Discover how the Bitcoin halving cycle this year could help you retire sooner than you ever thought possible. Get the blueprint now.

Unlock your early crypto retirement

FINTECH FOCUS

What Is Going On With Bitfarms Stock?

Briefly: Several developments have led to a volatile Monday trading session for Bitfarms.

What Happened: Bitfarms announced Monday that it appointed Ben Gagnon as CEO, effective immediately. Gagnon previously served as chief mining officer of Bitfarms.

What Else: Riot, the miner attempting to take over Bitfarms, on Monday announced the launch of ABetterBitfarms.com in connection with its nomination of three board members.

Why It Matters: Bitfarms shares are up about 16% over the last month. The stock touched $2.81 in early trading before pulling back.

Read the full scoop here.

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