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❓What If
What if Germany sold all its BTC in one go? Plus, spot ETFs buy the dip.
Sebastian Soran
July 10, 2024
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Happy Wednesday, Zingernation! The Trump VP pick is around the corner and crypto bettors have found a new favorite to bet on.
Today, we cover what would happen if the Germans sold all their Bitcoin, why spot ETFs keep buying the dip and more.
Plus, our partner helps you spoil your pet and save money doing so.
MARKET SNAPSHOT
TOP STORY
Briefly: Germany liquidating its Bitcoin holdings has brought the apex crypto in stormy waters below $60K.
So Basically: The German government has already liquidated half of its stack. If it were to sell the other half (most likely), price could dip again.
So Then: One shrewd traders ran the numbers on how much that could impact Bitcoin prices and it turns out it’s not all that bad.
So What: The trader came to the conclusion it’s only a 10% dip and only if the German government sold it all in one go.
TOGETHER WITH CRYPTOREVOLUTION
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FIVE ZINGERS
Any Time: Trump’s VP pick could come any time this week an advisor said. Crypto bettors are speculating on it and there is a new favorite.
Zero, Eventually: This popular dogcoin will hit 0 eventually, said one of the top crypto traders. But it’s not SHIB or Dogecoin.
BTFD: Bitcoin spot ETFs just keep smashing the buy button this week. Over $200 million poured in on Tuesday to buy the dip.
Doja Cat: The latest rapper to be involved in the memecoin game was hacked and caused investors to lose more than $1.6 million.
Burn: Shiba Inu burn rates just keep stoking the flames and have hit 355% on Wednesday. But so far the SHIB price hasn’t budged.
TOGETHER WITH CRYPTOREVOLUTION
Spoil your pet and save with Chewy.com
Stock up on tasty treats, supplies and toys to keep your pal entertained, fed and healthy. Today's Deal: $20 off $49 or more plus free shipping with code WELCOME.
Why Chewy.com?
Wide Selection: Explore a vast inventory of high-quality pet supplies including food, toys, grooming products, and more for dogs, cats, birds, fish, and small pets.
Great Savings: Take advantage of the special deal to get $20 off on purchases over $49, making pet care more affordable.
Fast Shipping: Most orders arrive within 1-2 days, ensuring you get what you need quickly.
Exceptional Customer Service: Experience top-notch customer support that’s ready to help with any questions or issues.
User-Friendly Shopping: Enjoy an easy-to-navigate website with detailed product descriptions and reviews from other pet owners.
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