Bitget Hot Takes (March 18 - March 24, 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 hit as low as US$60K after reaching the new ATH at US$73K.

• BGB is among those who ended the week with a positive return.

• Bitget Markets: spot volume, average crypto OI and Bitcoin OI declined as a result of the correction.

 

BGB Is Among Those Who Ended The Week With A Positive Return

After Bitcoin fell to US$60K on Wednesday, the majority crypto but BGB struggled to return their previous price levels. BGB hit the weekly low at US$0.844812 on Tuesday then bounced back at a greater degree to reach US$0.948139 two days later. Over the weekend, BGB was hovering above US$0.90 - let's say it's BGB who paved the way for Bitcoin to climb back to US$66K, US$67K then US$70K on Monday (March 25).

 

 

We can remain bullish at BGB for some more days, since its 7DMA is above its 30DMA, which is supported by growing accumulation trend and the MACD. This might be seen as a potential entry point (NFA) for those who wish to acquire the golden ticket to the Bitget-Verse!

 

BGB volume decreased by 13.9% last week to a total of US$269 million in the last seven days, hence its liquidity also saw some contractions.

 

 

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

Want to ape in on Bitcoin and Ethereum before it makes another new all-time high (read here for reasons why we think that would happen)? Bitget has the right deal for you: Starting from March 19, 2024 at 4:00 PM (UTC), all spot transactions for BTC/USDT and ETH/USDT are free of charge! Find out more about this zero-fee campaign for BTC and ETH spot transactions here: Bitget to launch BTC/USDT and ETH/USDT spot trading zero transaction fee promotion

 

If you want to buy Bitcoin directly with your Debit/Credit Card, that's completely fine. But don't just do it for the sake of owning Bitcoin, take part in our Debit/Credit Card anniversary to win unique rewards from Messi merch, BOME, to 1 BTC! Rewards are guaranteed for all participants - check out our step-by-step guide right here: Buy Bitcoin and Win Big with Bitget's Card On-ramp Service Anniversary

 

You won't believe this, but there's a way to get free XRP, ADA, BGB, BTC, and other crypto staples! Join Bitget wonderful spin for awesome rewards with 100% guarantee! Hurry up and scoop as much as you can - this event is no longer available after 10:00 AM (UTC) on March 31, 2024.

 

Meanwhile, we should definitely use this bullish sentiment to our advantage, too. Bitcoin prices staying around US$60K-70K gives merchants the needed motivation to accept Bitcoin and cryptocurrencies as payments. Why not simplify it with our brand new Bitget Card? All you need to do is to apply for your very own Bitget Card, send some crypto to the linked Bitget funding account and purchase real-world stuff whenever you want with just a swipe! Check out the Bitget Card Introduction to find out more reasons why you've got to own this powerful card!

 

As a result of cooler price movements, activities across all Bitget markets saw some minor decreases. It's worth noting that the different rates at which the average crypto OI and the average Bitcoin OI changed means Bitcoin dominance on Bitget futures markets once again exceeds 50%.

 

 

Most attention was still directed at memecoins , with most of the biggest top daily gainers belonging to this category: WSG/USDT , BIBO/USDT , SLERF/USDT , IQ50/USDT , PIKA/USDT , DUKO/USDT and TAMA/USDT . Another wonderful new listing we want to highlight is AutoAir AI (AAI) , who recorded a 1,536% gain overnight!

 

 

Want to understand the hype behind the hottest tokens? Don't worry, we've got you covered:

AutoAir AI (AAI): Hassle-Free Airdrop Hunting

Polyhedra Network (ZK): Powering the Next Wave of Web3 Innovation

IQ50 (IQ50): A Meme Coin’s View on Crypto Investing

Discovering DukoCoin (DUKO): The Meme, The Mission, and The Magic

EGO (EGO): Revolutionizing Social Media with The Currency of Attention

QUARK (QUARK): The Groundbreaking ARC20 Meme Coin

Atomicals (ATOMARC): Pioneering the ARC-20 Fungible Token Standard on Bitcoin

Toadie (TOAD): Meme Coin, Gaming, and Conservation Combined

Solchat (CHAT): A Revolutionary Communication Protocol on Solana Blockchain

VOYA (VOYA): Redefine Bitcoin With Merlin Chain

OmniCat (OMNI): Revolutionizing Meme Coins with Omnichain Technology

TON FISH (FISH): The First Meme Coin on TON Blockchain

 

New users should definitely check out the great Bitget Reward Center for 5,027 USDT in welcome bonus and up to 50% rebate for Credit/Debit purchases , but a guaranteed 100% rebate for BTC and ETH purchases via Credit/Debit card - this one applies to all users, not just newbies!

 

Looking for extra earning options on Bitget? Check this out:

• 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

• Bitget CandyBomb: Complete given tasks to receive BTC , FISH , PIKA , and ALE FOR FREE!

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

BTC & ETH offer — Enjoy a 100% fee rebate on credit/debit card purchases!

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#BitcoinHalving: make a bank transfer of EUR or BRL to grab a share of $500,000 in BTC!

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Celebrate the Bitcoin halving with us and grab a share of 500,000 USDT

Bitget's Easter Crypto Giveaway: Win Your Share of 1,000,000 KES!

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

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

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Deposit to List: DeFinder Capital (DFC) - Deposit and Share 3,268 DFC Rewards!

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

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Good Reads

Bitget P2P Platform Trading Rules

ARC-20: The Future of Tokenization on the Bitcoin Network

Easy Steps to Purchase Bitcoin Before the Halving Rush

OmniCat (OMNI): Revolutionizing Meme Coins with Omnichain Technology

TON FISH (FISH): The First Meme Coin on TON Blockchain

 

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