Bitget Hot Takes (April 08 - April 14, 2024) - All About Bitget
Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, which sums up BGB performance, what's new at Bitget, and the latest market movements.
The latest Bitget Hot Takes can be found here: All About Bitget | Market Updates
Central Themes
• BGB made another new ATH at US$1.380367.
• Bitget Markets: spot volume went up, both average OI and Bitcoin OI continued to decline, leading to 58% Bitcoin dominance on Bitget futures markets.
BGB ATH Slightly Went Up
Around the same time Bitcoin bounced back to US$72K, BGB also quietly climbed up, reaching a new ATH at US$1.380367. This is up by 0.013% from its most recent ATH, which was achieved the week before at US$1.380194. However, almost all crypto suffered from external factors towards the end of the week, including the still-hot U.S. CPI released on April 10, Tech stocks' dip, Bitcoin ETFs' outflow, and the growing Middle East tensions.
This is already the 6th time that BGB managed to break its own record in 2024 alone - the previous times include US$0.73 on February 14, US$0.90 on February 15, US$1.02 on February 16, US$1.15 on February 17, 2024 and US$1.380194 on April 03. It definitely goes hand in hand with the expansion of Bitget; after all, we are the crypto exchange with the most incredible growth even amid the most recent bear market.
BGB's 7D volume, although still high, saw some declines to US$475 million, thus driving liquidity down by 14%. At current levels, BGB, regarding the volume-to-market cap ratio, is as liquid as Ethereum, and way more liquid (around 2x times) than Bitcoin and BNB.
Want to learn more about BGB? Check out our BGB White Paper and BGB Intro and don't miss any new issues of Bitget Hot Takes, which always covers the latest analysis of BGB weekly performance!
The Latest Bitget News
We're delighted to bring you the new Bitget PoolX - our pioneering stake-to-mine platform that distributes rewards on an hourly basis, which means better opportunities for token holders to ride the waves!
Then goes the pioneering Bitget Pre-Market, an exceptional platform that permits early trading of new cryptocurrencies before their official listing. This avant-garde over-the-counter (OTC) marketplace empowers investors to engage in direct transactions, setting their own prices and quantities. By facilitating peer-to-peer exchanges, Bitget Pre-Market not only accelerates early adoption but also enhances price discovery. Whether you're looking to buy or sell, this platform ensures a fluid, secure trading experience with pre-frozen funds to guarantee transaction integrity. Step into the forefront of cryptocurrency trends and capitalise on emerging opportunities with unparalleled access through Bitget Pre-Market. Learn more about Bitget Pre-Market here: Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading
What else is in store for the bulls? Zero-fee for all Bitcoin and Ethereum spot transactions ahead of Bitcoin halving and (possibly) the approval of a spot Ether ETF in the U.S. until May 20 and a Visa Card that allows its holders to pay for their real-world purchases with crypto !
As Bitcoin failed to hold the stem, liquidations got into action across the majority of Bitget futures markets. Bitcoin's average dominance returned to near-60% levels, despite the decrease of the average number of open Bitcoin positions.
It's nice to see one of the OG Bitget Initial Listings not only brought in significant gains for investors, but also made it to our Top Daily Gainers - that's OVL3 , the project that went live on December 20, 2023. We invite you to check out the following guides on the latest crypto trends, which you'll see on the list:
Saga (SAGA): Blockchain Development for the Masses
Tensor (TNSR): Unlocking the Future of NFT Commerce
ChatAi (CHATAI): The Web3 Platform for AI-Powered Social Interaction
Masa Protocol (MASA): Unleashing The Future Of Identity
Dappad (APPA): Simplifying Blockchain Investments with Account Abstraction Technology
Cat in a Dog's World (MEW): Treading Into The Heart Of Doge-Dominated Territory
Looking for extra earning options on Bitget? Check this out:
• New user exclusive : 50% rebate for crypto purchases via Credit/Debit cards
• Bitget Savings : New tokens can be added to our savings vaults within days after the listing with up to 100% APR for a limited time!
• Bitget Launchpool : Similar to Bitget Savings, but it’s for BGB owners to put their holdings to work! Exclusive pools for new users as well!
• Bitget Smart Trend : New subscription period begins every Monday!
• Weekly exclusive earning opportunities: Up to 10% APR on Bitget Wealthy Tuesday
All Bitget Earn guides are available here: Bitget Range Sniper | Bitget Shark Fin | Bitget Dual Investment | Bitget Smart Trend | Bitget Wealth Management
New Events
New user exclusive: Buy crypto to get up to a 50% rebate!
Bitget April Trading: Chase the 1 BTC Halving Treasure
Join Bitget x MASA Community Campaign Now to Claim Your Special $4,000 MASA Rewards!
Bitget PoolX is listing Nettensor (NAO): Stake BGB and USDT to mine NAO
Bitget Super Savings: Win a Share of $20,000 Hot Tokens
Complete spot trading and futures trading tasks on CandyBomb to earn ROOST!
Complete net deposit tasks on CandyBomb to earn MASA!
Bitget PoolX is listing Roost Coin (ROOST): Stake BGB and USDT to mine ROOST.
Bitget PoolX is listing Kitten Haimer (KHAI): Stake BGB and USDT to mine KHAI
Complete net deposit, futures trading, spot trading, and referral tasks on CandyBomb to earn SAGA!
Bitget PoolX is listing DMTR(DMTR): Stake BGB and USDT to mine DMTR
Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn XCHNG!
Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn KATA!
Come and grab a share of 30,000 Dopamine (DOPE)!
Good Reads
Base Unleashed: The Advanced Layer-2 Blockchain Solution
Real-World Assets (RWAs) Unpacked
Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading
Bitget PoolX: Navigating The Crypto Market In A Timely Manner
Bitget Beginner's Guide — How To Make Your First Futures Trade
Simply create an account , and start exploring the incredible Bitget-Verse today!
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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