Zeta (ZEX) news

Bitget Hot Takes (January 29 - February 04, 2024) - Market Updates

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 • Grayscale net flow amassed minus US$782 million; the highest weekly inflows belong to BlackRock and Fidelity's funds. • The global crypto market cap continued to slide down. • Markets are no longer that confident in the possibility of a rate cut in March. Week 5: Rate Cut Is Off The Table The U.S. employment data for January 2024 dropped Friday (February 02). Markets were almost indifferent on Wednesday upon the announcement of the FED's decision to keep the interest rates unchanged, but that sentiment didn't last very long. Weirdly enough, the number of new jobs added in the first month of 2024 is nearly twice the forecasted figure - 353,000 versus 185,000 - hence the collective understanding can be summarised as 'the U.S. economy is going strong, oh well the FED won't lower interest rates any time soon'. Powell actually mentioned in his speech that March is ' probably not the most likely case' for the FED to step back from its aggressive policy. Correspondingly, market expectation for a rate cut in March plunged from 70%-something to only a bit higher than 15%. The doom is not yet reflected on the weekly performance of crypto stocks, but the affect can be seen in Monday's numbers below. One factor responsible for mining stocks' bleeding on February 05 is the U.S. Department of Energy's collecting data on the energy consumption of Bitcoin miners. Though the agency states that they 'do not create policy, implement policy, enforce policy or comment on policy', policymakers who analyse the data will obviously handle those numbers with caution. Regarding Bitcoin ETFs, Grayscale saw a net flow of minus US$782 million in W5, whereas the highest net flows belong to BlackRock's IBIT and Fidelity's FBTC at US$864,752,000 and US$695,386,000, respectively. It's worth noting that the two Bitcoin futures funds by ProShares experienced a total net flow of negative US$163.4 million, with BITO accounting for 96% of that figure. BITX, the leveraged (futures) Bitcoin fund, still ended the week with a positive net flow, which could imply a decent institutional appetite for leveraged Bitcoin positions. Setting The Tone: Monday Performance Monday was red for crypto stocks - with Bitcoin and Ethereum prices looking pretty much unchanged. The opening price today (February 06) of Bitcoin is recorded at US$42,657, which is 19% higher than that of yesterday. Compared to cryptocurrencies, which are yet to demonstrate an obvious relationship with TradFi markets and thus do not suffer as much from the broader economic environment, crypto stocks dipped with mining stocks and Coinbase shares taking the biggest hits. It's the effect of the U.S. job data release on Friday; a strong labour market has finally crushed investors' hope for a rate cut in March. Interest rates still high means capital flow still restricted, which affects both businesses and investors. New Events Buy/Deposit 10 USDT to share US$500,000 in BABYELON, BABYBONK, SUI, BTC more! Extended! Institutional accounts only: deposit EUR for a free 30-day VIP pass! JANUS (JAN) will be listed on Bitget. Come and grab a share of 850,000 JAN! Pepefork (PORK) will be listed on Bitget. Come and grab a share of 18,000,000,000 PORK! Victoria VR (VR) will be listed on Bitget. Come and grab a share of $60,000 worth of VR! DGI Games (DGI) will be listed on Bitget. Come and grab a share of 2,800,000 DGI! ZetaChain(ZETA) listed on Bitget — grab a share of 300,000 ZETA from Launchpool ! Join Bitget x VictoriaVR Community Campaign Now to Claim Your Special $5,000 VR Rewards Join Bitget x FIRE Community Campaign Now to Claim Your Special $5,000 FIRE Rewards! Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn ORNJ! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn JUP! Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn BTC! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn ZETA! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn FIRE! Try out the smart copy mode of Bitget copy trading and grab a share of 22,000 USDT! Deposit to List: MCH Coin (MCHC) - Deposit and Share 111,111 OAS Rewards! Good Reads Trade Any Token, Anywhere: Bitget Spot P2P Market Buy Crypto Or Get Indirect Exposure? (Part 1) Prep Yourself For The Upcoming Bitcoin Halving: Investment Tips Which Solana Projects Should You Invest In? New 2024 Guide PepeFork (PORK): A Meme Coin Forked from Pepe Simply create an account , and start exploring the incredible Bitget-Verse today!

Bitget Hot Takes (January 29 - February 04, 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 crossed US$0.63 on February 02 and is still hovering there. • BTC went up slightly to US$41.8K - US$43.8K. • Bitget Markets: average crypto OI is up by 5.4%, Bitcoin OI and spot volume down by 1.2% and 6.1%, respectively. BGB Crossed US$0.63 After falling to a weekly low of US$0.57, BGB made a (quite smooth) comeback last week: first reaching US$0.62 on the first day of February and maintained the momentum to cross US$0.637 the next day. It has been trading around US$0.63 ever since, resulting in a WoW return of 6.7% compared to Bitcoin's 2% and Ethereum's 1.2%. Meanwhile, BNB and XRP both registered a 2% decrease in the last seven days. Indicators show that BGB's new accumulation trend began on January 23, around the same time where the RSI flipped from oversold. The rise in BGB prices led to a surge in its 7D volume of 43% to US$173.5 million, hence better liquidity as well. The volume-to-mcap ratio of BGB is now above 0.03, higher than Bitcoin as well as BNB and almost on the same level with Ether. XRP has the highest number, but considering the slight decrease in its value, the situation does not necessarily mean good news. The Latest Bitget News Our biggest announcement into 2024 remains the Bitget Card, which is meant to simplify the off-ramp process and normalise the use of crypto in our daily lives thanks to the instant ultra-high USD spending limits! You only need to have some crypto in your Bitget account to start using it! Besides, BGB cashback is soon to be added for Bitget Card holders - be the first to get a Bitget Card and earn more on your spending! Bitget Card Introduction is available here, together with our tutorial on how to apply for your Bitget Card. The biggest macro event last week was the FOMC meeting on January 30-31, with the FED deciding to halt its rate hike series. Bitcoin has been trading flat; actually it has inching a little bit higher to US$43.8K prior to the decision, then back and forth around US$43K. Unchanged rates were expected, so there was no dramatic move with regards to BTC prices, thus some minor decreases in terms of Bitget spot volume and Bitcoin OI. Top daily gainers of the week on Bitget include FIRE/USDT, ZETA/USDT, JUP/USDT, DMAIL/USDT, ORNJ/USDT, ASM/USDT, and OPUL/USDT, with 4 out of 7 being Bitget Initial Listings. It's always important to make sure you do not miss first-mover advantages for any poised-for-success tokens, therefore we provide the most comprehensible token intros in a timely manner as follows: Flare (FLR): The Layer 1 That Facilitates Unparallel Interoperability De.Fi (DEFI): The First Automated Cross-Chain Decentralized Security Scanner for Smart Contracts API3 (API3): Decentralized APIs Planning to Replace Third-Party Oracles in Blockchain Dmail (DMAIL): The First Decentralised Email And Messaging Service Jupiter (JUP): Unlocking Massive Liquidity on Solana with Simplicity Matr1x Fire (FIRE): A New Era of Play-to-Own Gaming New users are so very welcome to invest wisely in crypto by minimising costs. Time the market and make 0-fee crypto purchases on Wednesday and the weekend as Credit/Debit card owners! It's not just limited to newbies, experts can deliberately join, too! Don't forget to check out the great Bitget Reward Center for 5,027 USDT in a welcome bonus and take our limited-time offer for a 50% rebate on crypto purchases. Hurry up, 1,200,000 USDT in rewards is being distributed on a first-come, first-serve basis with participation period EXTENDED TO February 29! We know that newbies tend to be cautious with their very first transactions (not that we are advising you against that!), for example, by sticking to stables and making purchases of small value. We believe that every baby step counts, therefore why not encourage each baby step with the hottest tokens? US$500,000 in BABYELON, BABYBONK, BGB, SUI, ARB, OP, MANTA, SOL and BTC for all purchases/deposit from 10 USDT! All information can be found here: Buy/Deposit 10 USDT to share US$500,000 in BABYELON, BABYBONK, SUI, BTC more! 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! The newly added options are OPUL , GUAC , COREUM and ZETA with up to 60% APR, ELA , OORT , MANTA , MCH and VR with up to 50% APR, and DOME , POKT , AVAV , TSUGT , AVA , and 3ULL with up to 30% APR. Enjoy the Savings Boosts before they are sold out! • 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 New Events Buy/Deposit 10 USDT to share US$500,000 in BABYELON, BABYBONK, SUI, BTC more! Extended! Institutional accounts only: deposit EUR for a free 30-day VIP pass! JANUS (JAN) will be listed on Bitget. Come and grab a share of 850,000 JAN! Pepefork (PORK） will be listed on Bitget. Come and grab a share of 18,000,000,000 PORK! Victoria VR (VR) will be listed on Bitget. Come and grab a share of $60,000 worth of VR! DGI Games (DGI) will be listed on Bitget. Come and grab a share of 2,800,000 DGI! ZetaChain(ZETA) listed on Bitget — grab a share of 300,000 ZETA from Launchpool ! Join Bitget x VictoriaVR Community Campaign Now to Claim Your Special $5,000 VR Rewards Join Bitget x FIRE Community Campaign Now to Claim Your Special $5,000 FIRE Rewards! Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn ORNJ! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn JUP! Complete spot trading, futures trading, net deposit, and referral tasks on CandyBomb to earn BTC! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn ZETA! Complete spot trading, futures trading, and net deposit tasks on CandyBomb to earn FIRE! Try out the smart copy mode of Bitget copy trading and grab a share of 22,000 USDT! Deposit to List: MCH Coin (MCHC) - Deposit and Share 111,111 OAS Rewards! Good Reads Hone Your Trading Skills with 0 Risk at Bitget Futures Demo Trading Shiba Inu (SHIB): The Playful Pup of the Crypto Market Ethereum and ETH: Navigating the Future of Decentralization and Innovation Ethereum’s Future: A Glimpse Into What Lies Ahead Cryptocurrency Prices: An Evolving Landscape in the Digital Age Understanding Crypto Market Cap: A Comprehensive Guide for Smart Crypto Investing Bitcoin's Price Skyrockets Above $45,000 and Investors Anticipate the Next Halving in May 2024 Exploring Bitcoin: From Bitcoin Pizza Day to Bitcoin Halving Bitget Study on BTC Halving: Expectations and Investment Decisions Prep Yourself For The Upcoming Bitcoin Halving: Investment Tips

Bitget Hot Takes (January 22 - January 28, 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 a local low, thus experienced a short-lived sell-off. • BTC continued to decline, hitting a weekly low of US$38,522; Ethereum prices remained above US$2,000. • Bitget Markets: average crypto OI is down by 11.0%, Bitcoin OI by 15.1%, spot volume up by 0.2%. BGB Hit A Local Low BGB fell to as low as US$0.570371 on Tuesday (January 23) before bouncing back. There was a sell-off that took place from January 18 - January 23 as observed with the Accum/Dist line (4H), but accumulation quickly replaced the distribution trend afterwards, showing keen interest in the token. BGB then proceeded to reach the weekly high of US$0.600002 yet failed to keep the momentum and therefore has been trading between US$0.58 and US$0.60 since the weekend. As a result, BGB ended the week with a 2.3% loss, which is still not bad compared to Binance's BNB (-3.2%), XRP (-4.1%) and Ethereum (-8.2%). Although Bitcoin has made it above the no-change mark (1.0) with a return of 1.2%, notice how it dropped to US$38,522 on Tuesday as a sustained effect of 'sell the news' actions after the ETF approval, which of course contributed to the decrease of the wider crypto market. In that sense, BGB is one of the few tokens to be able to uphold its value against the volatile Bitcoin. Liquidity has already picked up especially with the accumulation trend mentioned above. However, since the chart shows the 7D average of this indicator, the change depicted is somewhat slower than in actuality. BGB has again surpassed BNB, the other exchange token, in terms of liquidity as January comes to an end. The Latest Bitget News Our biggest announcement into 2024 remains the Bitget Card, which is meant to simplify the off-ramp process and normalise the use of crypto in our daily lives thanks to the instant ultra-high USD spending limits! You only need to have some crypto in your Bitget account to start using it! Besides, BGB cashback is soon to be added for Bitget Card holders - be the first to get a Bitget Card and earn more on your spending! Bitget Card Introduction is available here , together with our tutorial on how to apply for your Bitget Card . Want to learn more about BGB? Check out our BGB White Paper and BGB Intro Another big drop on Bitget is the launch of Bitget Spot P2P Market , where anyone can get their hands on all BRC-20 and SPL-20 tokens there are - at minimum costs. Instead of bridging to Ethereum at crazy fees, dealing with high slippage and low liquidity on DEXs or waiting for exchanges to list the trendy ones, you can DYOR and head to our OTC-like spot market to purchase your BRC-20 and SPL-20 tokens directly from other peers. Again, we recommend you to do a proper fundamental analysis and refrain yourself from FOMO buying at any time! Bitcoin's dropping to US$38,000 definitely impacted futures traders: As at least US$450 million in long got liquidated on January 22 and January 23 , Bitget futures OI declined by 11.0% and Bitcoin OI by 15.1%. Nevertheless, Bitget spot volume in the last 7 days experienced a minor increase of 0.2%, mostly thanks to BGB accumulation trend and the new, hyped Initial Listings. Top daily gainers of the week on Bitget include $ALT/USDT , GTAI/USDT , DUEL/USDT , BABYBONK/USDT , ZKB/USDT , 3ULL/USDT , VV/USDT , AMU/USDT , with Altlayer ($ALT)'s closing price increasing by more than 31 times its opening price on listing day. It's always important to make sure you do not miss first-mover advantages for any poised-for-success tokens, therefore we provide the most comprehensible token intros in a timely manner as follows: AltLayer: Rollups Redefined PLAYA3ULL (3ULL): Revolutionizing Gaming with Blockchain and Player Empowerment Amulet (AMU): Generating High Yields Without Sacrificing Low Risks BabyDragon (BABYDRAGON): The Symbol of Power, Security, and Future Success in Crypto Dogwifhat (WIF): From Meme to Market Star Surpassing SHIB and PEPE TSUGT: When Crypto Meets Manga Football New users are so very welcome to invest wisely in crypto by minimising costs. Time the market and make 0-fee crypto purchases on Wednesday and the weekend as Credit/Debit card owners! It's not just limited to newbies, experts can deliberately join, too! Don't forget to check out the great Bitget Reward Center for 5,027 USDT in welcome bonus and take our limited-time offer for 50% rebate on crypto purchases . Hurry up, 1,200,000 USDT in rewards is being distributed on a first-come, first-serve basis until JANUARY 31 ONLY! 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! The newly added options are ZKF , ELA , OORT , and MANTA with up to 50% APR, and OX , $AI , FNSA , XAI , DOME , POKT , AVAV , TSUGT , AVA , and 3ULL with up to 30% APR. Enjoy the Savings Boosts before they are sold out! • 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 Extended! Institutional accounts only: deposit EUR for a free 30-day VIP pass! Messi #MakeItCount in 2024: Win a ticket to Inter Miami matches! Bitget Trading Showdown: Trade Big, Win Bigger – Share 10,000 USDT Learn2Earn: Take the ZetaChain (ZETA) quiz to win $10,000 BGB！ GameGPT (DUEL) will be listed on Bitget. Come and grab a share of 140,000 DUEL ! Baby Dragon (BABYDRAGON) will be listed on Bitget. Come and grab a share of 3,800,000,000,000,000 BABYDRAGON! Vyvo Coin(VSC) will be listed on Bitget. Come and grab a share of 110,000 VSC! Captain Tsubasa (TSUGT) will be listed on Bitget. Come and grab a share of $27,000 worth of TSUGT! Ondo (ONDO) will be listed on Bitget. Come and grab a share of $10,000 worth of ONDO! Dogwifhat (WIF) will be listed on Bitget. Come and grab a share of $10,000 worth of WIF! GT Protocol (GTAI) will be listed on Bitget. Come and grab a share of $15,000 worth of GTAI! PLAYA3ULL GAMES (3ULL) will be listed on Bitget. Come and grab a share of 7,000,000 3ULL! Opulous (OPUL) will be listed on Bitget. Come and grab a share of $31,000 worth of OPUL! Trade and make net deposits in CandyBomb to earn AMU Trade and make net deposits in CandyBomb to earn AVA Trade, net deposit, and invite friends in CandyBomb to earn $ALT! Trade, net deposit and invite friends in CandyBomb to earn BABYDRAGON! Deposit to List: MeconCash (MCH) - Deposit and Share 588,235 MCH Rewards! Deposit to List: BizAuto (BIZA) - Deposit and Share 1,408,450 BIZA Rewards! Good Reads Bitget Card: Unlocking the World of Crypto Bitget Card: An Ultimate Tutorial Trade Any Token, Anywhere: Bitget Spot P2P Market Who Should Opt for Smart Copy and Diverse Follow Modes? A Bitget User Guide The Impact of Spot Bitcoin ETF Approval on the Global Crypto Market Buy Crypto Or Get Indirect Exposure? (Part 1) Simply create an account , and start exploring the incredible Bitget-Verse today!