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Bitget Hot Takes (April 01 - April 07, 2024) - All About Bitget

Bitget Hot Takes (April 01 - April 07, 2024) - All About Bitget

Intermediate
2024-04-08 | 10m

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 hit a new ATH for 2024 at nearly US$1.4.

• Bitget Markets: spot volume went up, both average OI and Bitcoin OI declined, leading to higher Bitcoin dominance on Bitget futures markets.

BGB Made A(nother) New ATH For 2024

While Bitcoin and many other cryptocurrencies had been swaying back and forth, especially in the first half of the week (that's when Bitcoin quickly dipped below US$65K), BGB maintained to remain above US$1 the whole time. On Wednesday (April 03), BGB shot to US$1.38 and has since been trading between US$1.2 and US$1.3.

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This is already the 5th 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 and US$1.15 on February 17, 2024. 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 price surge is the obvious drive behind the increase in its volume as well as liquidity. A 25% rise in BGB's opening price was followed by a 70% jump in its 7D volume, hence a 37% in the volume-to-market cap ratio. At current levels, BGB liquidity is only behind that of Solana - the current fav of the market.

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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

Bitget Copy Trade alert: new features have been introduced for Bitget Futures Copy Trading users! With our new customisable leverage and margin modes, followers have the maximum freedom to set their own risk-taking parameters - be it completely following the preferred elite traders or adjusting to their personal strategy. Additionally, we now offer even more flexibility with margin manual adjustment in isolated margin mode, which helps traders proactively manage their risk exposure.

We're also delighted to introduce with 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!

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!

Bitcoin falling to US$64.5K had a negative impact on the entire market, with memecoins among the most heavily affected - and so were memecoin futures traders. Our 7D average crypto OI went down by 13.0% while it's 12.5% for the average Bitcoin OI, translating to the re-establishment of Bitcoin dominance at above 51% on Bitget futures markets.

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All the tokens that made it to our list of top daily gainers this week are accompanied by multiple promotional events, from Bitget Savings to Bitget Launchpool :

• Wormhole (up by 558.8% overnight): Bitget Spot Trading | Bitget Savings | Bitget CandyBomb | Token Intro

• Mumu The Bull (up by 420% overnight): Bitget Spot Trading | Bitget Savings | Bitget CandyBomb | Token Intro

• Dopamine App (up by 316.6% overnight): Bitget Spot Trading | Bitget Launchpool | Token Intro

• Ethena (up by 289.3% overnight): Bitget Spot Trading | Bitget Launchpool | Additional Promotions | Token Intro

• MicroVisionChain (up by 169.8% overnight): Bitget Spot Trading | Bitget Savings | Additional Promotions

• Lukso (up by 103.3% overnight): Bitget Spot Trading | Bitget Savings | Additional Promotions

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Intrigued by other market hypes? Check out our introduction to the hottest tokens below:

Nubcat (NUB): Embracing the Nub Within

Goldfinch (GFI): Unlocking Access to Crypto Credit Without Collateral

Ethena (ENA): A Decentralized Solution to Financial Stability

Wormhole (W): Crossing Boundaries and the Quest for Optimized Blockchain

Andy on SOL (ANDY): Let's Rock The Crypto World With Its Meme Magic

Gaimin (GMRX): Unleash Your Gaming Potential with Web3 Gaming

Gram (GRAM): The First Jetton on TON Blockchain

ChatAi (CHATAI): The Web3 Platform for AI-Powered Social Interaction

Cat in a Dog's World (MEW): Treading Into The Heart Of Doge-Dominated

Mumu the Bull (MUMU): Riding the Meme Coin Craze on Solana

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 Snowball and 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 Snowball | Bitget Wealth Management

New Events

2-Week offer: Zero fees when you buy crypto with credit/debit card

100% guaranteed: Win a share of 700,000 DOGE, USDT, BGB, ONDO, SOL & BTC instantly!

New user exclusive: Buy crypto to get up to a 50% rebate!

Join Bitget x DOPE Community Campaign Now to Claim Your Special $3000 DOPE Rewards!

ChatAI (CHATAI) will be listed on Bitget. Come and grab a share of $33,000 worth of CHATAI!

Join Bitget x Serenity Shield Community Campaign Now to Claim Your Special $7,500 SERSH Rewards!

Join Bitget x Wormhole Community Campaign Now to Claim Your Special $1,000 W Rewards!

Mumu the Bull (MUMU) has been listed on Bitget. Come and grab a share of $22,000 worth of MUMU!

Complete net deposit, spot trading, and referral tasks on CandyBomb to earn MUMU!

Bitget Will List Dimitra (DMTR). Come and grab a share of 222,900 DMTR!

Complete net deposit, spot trading, and referral tasks on CandyBomb to earn W!

Join the spot margin trading competition to win up to 5000 USDT in airdrops!

Meme Mania: Trade to Win DOGE, PEPE, WIF, SHIB, FISH!

Bitget's first PoolX project: Stake BGB and USDT to mine ChatAI

Good Reads

Bitget Beginner's Guide — What Are Futures?

Decoding the Solana Memecoin Presales Saga

What to Expect and Prepare for Bitcoin Halving 2024 as An Investor

Understanding the Impact of Bitcoin Halving and its Effect on the Cryptocurrency Market

The Pulse of Ethereum: A Financial Overview

Simply create an account , and start exploring the incredible Bitget-Verse today!