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Bitget Hot Takes (December 18 - December 24)

Bitget Hot Takes (December 18 - December 24)

2023-12-25 | 5m

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts.

The latest Bitget Hot Takes can be found here .

Central Themes

• BGB made a new ATH at US$0.697451 on December 19.

• 21shares Ark, BlackRock and WisdomTree made amendments to their spot Bitcoin ETF applications; 7RCC is the latest to submit one.

• Paxos expands to Solana.

BGB Made A New ATH (And Why You Should Get Used To It)

From US$0.18 in the beginning of the year to nearly US$0.70 in December, BGB needed less than 365 days to break its own record 7 times. After reaching the new ATH, BGB prices are now hovering above US$0.60 with an increase of 46.8% in volume.

Bitget Hot Takes (December 18 - December 24) image 0

None others made a new ATH, which is 19.5% higher than the old ATH achieved last month , so yeah, highest volatility is justifiably in store for BGB.

Bitget Hot Takes (December 18 - December 24) image 1

Volume went down for the first half of the week because of the selling pressure. The 4H RSI dipped below 29 on December 11 before bouncing back, but volume needed to see RSI above 69 to pick up and match the accumulation trend.

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Remember this in last week's issue?

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And so indeed we had a pleasant surprise before New Year. BGB's awesome 2023 is summarised here: Just In Time For Xmas: BGB New ATH In December

We also provide weekly analyses of BGB in our Bitget Hot Takes Series and on a monthly basis with the BGB Sail Series:

BGB Sail: October Edition

BGB Sail: September Edition

BGB Sail: August Edition

BGB Sail: July Edition

BGB Sail: June Edition

BGB Sail: May Edition

BGB Sail: April Edition

Word Of The Week: (Bitcoin) ETFs

We've seen at least 3 asset managers update their spot Bitcoin ETF applications, including 21shares Ark , BlackRock and WisdomTree , whereas 7RCC is the latest to join the spot Bitcoin ETF race. Crypto stocks extended their gains from last week's positive news as the dawn of spot Bitcoin ETFs is drawing nearer, especially Bitcoin mining firms. On a side note, to strengthen its position as the Asian crypto hub, Hong Kong is ready to accept spot Bitcoin ETF applications .

Bitget Hot Takes (December 18 - December 24) image 4

As this is the last issue of Bitget Hot Takes for 2023, we want to say Merry Christmas and Happy New Year to all our beloved users and readers! We'll continue to be your trusted source of information and knowledge as we've done it for the last few years. Let's rock 2024 together!

The Latest Bitget News

14 coins saw their prices more than double this week as shown in the summary below:

Bitget Hot Takes (December 18 - December 24) image 5

The festive season is here, let’s celebrate with cheers! You’ll be bedazzled by the brilliance of our limited NFT giveaways in the Bitget Xmas New Year Crypto Market US$500,000 daily value countdown box of Bitget 2024 Advent Calendar ! You can also win $120 in bonus with Deck The Halls With Festive Rewards and hot coins/tokens with Spin The Wheel To Get Your Christmas Gifts.

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Bitget Spot Trading ’s volume rose slightly by 3.5% but Bitget Futures Markets ’s average crypto OI is up by 10.9%, average Bitcoin OI by 7.5% in the last 7 days, meaning Bitcoin dominance on our futures market again fell to 46%.

New Events

Join the Bitget Builders team — share a US$20,000 offline event budget and win "Apple Family "products

Apply to become a Bitget Mini App Pioneer now!

Bitget Copy Trading Updates: TraderPro Program

Participate in the Interstellar Legend promotion to grab a share of 30,000 USDT!

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Trade, net deposit, and invite friends in CandyBomb to earn ACE

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LifeRestart (EFIL) will be listed on Bitget. Come and grab a share of 13 EFIL!

Coq Inu (COQ) will be listed on Bitget. Come and grab a share of $10,000 worth of COQ!

Altura (ALU) will be listed on Bitget. Come and grab a share of 85,000 ALU!

OVAL3 (OVL3) will be listed on Bitget. Come and grab a share of 17,000 USDT!

Script Network (SCPT) will be listed on Bitget. Come and grab a share of 30,000 USDT!

Bitcoin Cats (1CAT) will be listed on Bitget. Come and grab a share of 18,000,000 1CAT!

Artyfact Metaverse (ARTY) will be listed on Bitget. Come and grab a share of $4,000 worth of ARTY!

Mind Matrix (AIMX) will be listed on Bitget. Come and grab a share of 1,400,000,000,000 AIMX!

PepeCoin (PEPECOIN) will be listed on Bitget. Come and grab a share of 15,000 PEPECOIN!

Good Reads

Bitget Tutorial for Beginners (2024 Edition)

Bitcoin Cats (1CAT): GameFi and Metaverse on Bitcoin Blockchain

Comsats (CSAS): A Web3 Entertainment Revolution

Grapes (GRAPE): A Web3 Entertainment Revolution

Bitget KYC: Benefits Reasons

Introduction of P2P Advertisement Posting for All Bitget Users

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