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Bitget Research: Notcoin Trading Volume Surpasses $4.6 Billion, Ton Ecosystem Memecoins Surge
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Bitget Research·2024/06/03 07:18

Bitget Wallet Token (BWB) makes debut on the Bitget Launchpad
Bitget Blog·2024/05/29 08:17

Bitget Research: Mt.Gox States No Repayments in the Short Term, Crypto Market Stabilizes with Narrow Fluctuations
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Bitget Research·2024/05/29 08:08

Bitget Research: ETH Ecosystem Tokens Continue to Rise, Altcoin Season Might Be Imminent
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Bitget Research·2024/05/27 07:25
HIFIUSDT is Now Available on Futures
Bitget Announcement·2024/05/23 08:00

Bitget's Pre-market adds ZkSync (ZKSYNC) tokens prior to market listings
Bitget Blog·2024/05/22 09:28
Bitget announcement on adding support for BB futures trading, spot margin trading, copy trading, and trading bots
Bitget Announcement·2024/05/13 11:07
VGXUSDT is Now Available on Futures
Bitget Announcement·2024/05/13 08:51

Bitget Research: Ethereum Gas Fees Drop to 2gwei, EigenLayer Opens Claims for EIGEN Airdrop
Bitget Research·2024/05/13 07:26
ADAUSD is Now Available on Futures
Bitget Announcement·2024/05/10 03:56
Flash
11:55
OpenEden, FalconX, and Monarq launch tokenized yield portfolio PRISMForesight News reported that RWA tokenization platform OpenEden, together with FalconX and its subsidiary Monarq, announced the launch of the yield portfolio PRISM. PRISM will provide stable returns through multi-strategy quantitative models managed by Monarq, and maintain low correlation with crypto market prices. PRISM's investment strategies include cash-and-carry arbitrage, over-collateralized institutional lending, participation in on-chain yield platforms, and allocation to regulated RWA tokens. The product currently supports the Ethereum network, and users can stake PRISM to obtain the voucher asset xPRISM, which represents portfolio yields. The official product is expected to launch in February.
11:43
Analysis: Despite the recent strong demand for call options, asymmetric downside risks continue to be reflectedPANews, January 23 – According to analysis by Glassnode, during the mid-January bitcoin rally, the one-week 25D skew was pulled from a deeply bearish zone towards neutral. Over the same period, the put/call ratio for options trading volume dropped from 1 to 0.4, indicating strong bullish activity. The key issue is not whether call options are being bought, but rather how short-lived this demand actually is. Longer-term skews present a different picture: the one-month 25D skew only moved from a low of 7% to 4%, still within a bearish asymmetry range; the three-month 25D skew changed by less than 1.5% and remains firmly in bearish territory. Despite the recent surge in demand for call options, there continues to be a reflection of asymmetric downside risk. This difference suggests that the demand for upside is real but concentrated in the short term. Trading volume exists, but risk has not been repriced across all maturities. At the same time, the implied volatility of at-the-money options was sold during the price increase, with gamma sellers taking profits as the market rose. This volatility behavior is not typical of a sustainable breakout trend. An ideal breakout would require the spot price to approach key levels, skews across all maturities to firmly point higher, and volatility to be bought; last week's movement did not meet these conditions.
11:34
Several analysts predict that Bitcoin will be in a bear market in 2026, potentially dropping to $58,000.BlockBeats News, January 23, according to Cointelegraph, several analysts predict that 2026 could be a bear market year for Bitcoin, with multiple forecasts suggesting that the Bitcoin price may retrace to around $58,000. Analyst Titan of Crypto recently stated that "Bitcoin has just sent out a bear market signal," based on a bearish crossover on the two-month MACD. He pointed out that, based on historical experience, similar technical patterns often lead to a 50%-64% retracement.
The latest round of selling has caused BTC to retreat by about 9% from its 2026 high of $97,930. As a result, Bitcoin has fallen below several key support levels, including the current 75% quantile cost price at $92,940. Glassnode wrote on Thursday that Bitcoin "has now fallen below the cost price for 75% of the supply, indicating increasing distribution (selling) pressure," and added, "The risk has clearly shifted upwards, and until this level is reclaimed, downside risk remains dominant."
Trader Merlijn The Trader analyzed that the Bitcoin price "has returned to the support of the uptrend line," with this support zone ranging from $89,000 to $90,000. He added that if this level is breached, the price is likely to retest the range low, around $84,000. The Bitcoin cost distribution heatmap shows that in the past six months, investors have accumulated approximately 941,651 BTC near this price level, indicating that this price range is a key support level.
The next key support level is around $80,000, with historical data showing that about 127,000 BTC were purchased in this price range before. Several analysts believe that a weak derivatives market, selling by long-term holders, and an increase in Bitcoin moving to exchanges may drive the Bitcoin price into a more prolonged downtrend this year.
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