{"id":519700,"date":"2023-02-15T07:11:54","date_gmt":"2023-02-15T07:11:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519700"},"modified":"2023-02-15T07:17:57","modified_gmt":"2023-02-15T07:17:57","slug":"crypto-bitget-soars-83","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-bitget-soars-83\/","title":{"rendered":"Bitget (BGB) Soars 83% As Top 100 Cryptos Hemorrhage &#8211; Here&#8217;s Why"},"content":{"rendered":"<p>A number of crypto and trading platforms, despite the fact that 2022 was unquestionably a bear market, did an excellent job of demonstrating that the performance of exchange tokens is tightly related to the capability of the platforms they embody.<\/p>\n<p>Although most cryptocurrencies had a bad year, one lesser-known cryptocurrency, Bitget (BGB), emerged unscathed from the chaos caused by the recent failure of several large cryptocurrency exchanges.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/polygon-rides-super-bowl-wave\/?swcfpc=1\">Polygon (MATIC) Gathers Strength As It Rides The Super Bowl NFT Wave<\/a><\/div>\n<p>As Bitcoin options market whales go for bullish tactics and market volatility persists in general, the demand for crypto derivatives as a means of mitigating risk and generating stable returns is at an all-time high.<\/p>\n<p>According to a survey by the Boston Consulting Group, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitget-token\" target=\"_blank\" rel=\"noopener nofollow\">Bitget<\/a> placed among the top three cryptocurrency exchanges in terms of trading volume for derivatives in 2022, with a total trading volume increase of more than 300%.<\/p>\n<h2><strong>Bitget (BGB) Dominates Top 100 Coins<\/strong><\/h2>\n<p>At the time of writing, BGB is trading at $0.4042, tallying an impressive 83.2% increase in the last seven days, as the leading 100 cryptocurrencies listed on Coingecko have mostly shed double-digit figures and been painted in red in the same timeframe.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-519701 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?resize=1130%2C58\" alt=\"\" width=\"1130\" height=\"58\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?w=1130 1130w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Bitget is the world\u2019s largest crypto copy trading platform. Its utility token BGB occupies the No. 83 position on Coingecko, while on CoinMarketCap, the token is down far at the No. 211 spot. CoinMarketCap has <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitget-token-new\/\" target=\"_blank\" rel=\"noopener nofollow\">BGB<\/a> rallying a little over 78% in the last week.<\/p>\n<p>The volume of crypto futures has been expanding faster than the spot market since the second half of last year. Based on figures by\u00a0CryptoCompare, derivatives trading volume increased by 76% month-over-month to $2.04 trillion in January 2023, the biggest\u00a0percentage growth since 2021, and currently accounting for 70% of the whole cryptocurrency market.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-519703 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?resize=1239%2C80\" alt=\"\" width=\"1239\" height=\"80\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=1239 1239w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price2.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2><strong>BGB All In Green<\/strong><\/h2>\n<p>BGB was the only exchange token that remained green in the first two months of 2023. The cryptocurrency had a record-breaking 136% year-over-year increase, with values increasing in March and October 2022\u00a0before touching its all-time high of $0.39 on February 12 this year.<\/p>\n<p>Based on data by Coingecko, BNB has posted a consistent increase in numbers starting from the one-day to the one-year timeframe. In the last 30 days, BNB has been up 100%, with the figure climbing higher by more than double to 260% in the yearly timetable.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-519702 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price3.png?resize=749%2C88\" alt=\"\" width=\"749\" height=\"88\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price3.png?w=749 749w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bitget-price3.png?w=460 460w\" sizes=\"(max-width: 749px) 100vw, 749px\"><\/p>\n<p>BGB has numerous applications within the Bitget cryptocurrency exchange. BGB can also be used as proof of rights and interests for users of varying levels, as well as a social token for interactions between fans and copy merchants.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oCybt2TU\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">Crypto total market cap at $982 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/on-cpi-data-and-crypto\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Crypto Investors Brace For CPI Report On Valentine\u2019s Day \u2013 Will The Figures Be In Their Favor?<\/a><\/div>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-519708 size-medium\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/a-28.png?resize=460%2C267\" alt=\"\" width=\"460\" height=\"267\">Source: CoinMarketCap<\/pre>\n<h3><strong>Major Crypto Partnerships<\/strong><\/h3>\n<p>Meanwhile, Bitget <a href=\"https:\/\/cryptoslate.com\/bitget-partners-with-capitual-to-participate-in-brazil-cbdc-project\/\" target=\"_blank\" rel=\"noopener nofollow\">announced\u00a0<\/a>on Monday that it will list the BLUR token in its NFT spot market zone. BLUR, the Blur network&#8217;s governance token, was set to\u00a0have its debut listing on Bitget&#8217;s platform on Valentine&#8217;s Day.<\/p>\n<p>Bitget also announced on February 13\u00a0its agreement with the fintech business Capitual to join in the digital currency project of Brazil&#8217;s central bank.<\/p>\n<p>Capitual is one of the central bank of Brazil&#8217;s most important partners, assisting the institution in developing CBDCs.<\/p>\n<p><em>-Featured image from BeInCrypto<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A number of crypto and trading platforms, despite the fact that 2022 was unquestionably a bear market, did an excellent job of demonstrating that the performance of exchange tokens is tightly related to the capability of the platforms they embody. Although most cryptocurrencies had a bad year, one lesser-known cryptocurrency, Bitget (BGB), emerged unscathed from the chaos caused by the recent failure of several large cryptocurrency exchanges. Related Reading: Polygon (MATIC) Gathers Strength As It Rides The Super Bowl NFT Wave As Bitcoin options market whales go for bullish tactics and market volatility persists in general, the demand for crypto derivatives as a means of mitigating risk and generating stable returns is at an all-time high. According to a survey by the Boston Consulting Group, Bitget placed among the top three cryptocurrency exchanges in terms of trading volume for derivatives in 2022, with a total trading volume increase of more than 300%. Bitget (BGB) Dominates Top 100 Coins At the time of writing, BGB is trading at $0.4042, tallying an impressive 83.2% increase in the last seven days, as the leading 100 cryptocurrencies listed on Coingecko have mostly shed double-digit figures and been painted in red in the same timeframe. Bitget is the world\u2019s largest crypto copy trading platform. Its utility token BGB occupies the No. 83 position on Coingecko, while on CoinMarketCap, the token is down far at the No. 211 spot. CoinMarketCap has BGB rallying a little over 78% in the last week. The volume of crypto futures has been expanding faster than the spot market since the second half of last year. Based on figures by\u00a0CryptoCompare, derivatives trading volume increased by 76% month-over-month to $2.04 trillion in January 2023, the biggest\u00a0percentage growth since 2021, and currently accounting for 70% of the whole cryptocurrency market. BGB All In Green BGB was the only exchange token that remained green in the first two months of 2023. The cryptocurrency had a record-breaking 136% year-over-year increase, with values increasing in March and October 2022\u00a0before touching its all-time high of $0.39 on February 12 this year. Based on data by Coingecko, BNB has posted a consistent increase in numbers starting from the one-day to the one-year timeframe. In the last 30 days, BNB has been up 100%, with the figure climbing higher by more than double to 260% in the yearly timetable. BGB has numerous applications within the Bitget cryptocurrency exchange. BGB can also be used as proof of rights and interests for users of varying levels, as well as a social token for interactions between fans and copy merchants. Crypto total market cap at $982 billion on the daily chart | Chart: TradingView.com Related Reading: Crypto Investors Brace For CPI Report On Valentine\u2019s Day \u2013 Will The Figures Be In Their Favor? Source: CoinMarketCap Major Crypto Partnerships Meanwhile, Bitget announced\u00a0on Monday that it will list the BLUR token in its NFT spot market zone. BLUR, the Blur network&#8217;s governance token, was set to\u00a0have its debut listing on Bitget&#8217;s platform on Valentine&#8217;s Day. Bitget also announced on February 13\u00a0its agreement with the fintech business Capitual to join in the digital currency project of Brazil&#8217;s central bank. Capitual is one of the central bank of Brazil&#8217;s most important partners, assisting the institution in developing CBDCs. -Featured image from BeInCrypto<\/p>\n","protected":false},"author":557,"featured_media":519705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87841,87840,12307,1558],"class_list":["post-519700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bgb-token","tag-bitget","tag-crypto-exchange","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Bitget (BGB) Crypto Soars 83% As Top 100 Cryptos Hemorrhage<\/title>\n<meta name=\"description\" content=\"Bitget (BGB), emerged unscathed from the chaos caused by the recent failure of several large cryptocurrency exchanges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-bitget-soars-83\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitget (BGB) Crypto Soars 83% As Top 100 Cryptos Hemorrhage\" \/>\n<meta property=\"og:description\" content=\"Bitget (BGB), emerged unscathed from the chaos caused by the recent failure of several large cryptocurrency exchanges.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-bitget-soars-83\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-15T07:11:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T07:17:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/a-27.png\" \/>\n\t<meta property=\"og:image:width\" content=\"562\" \/>\n\t<meta property=\"og:image:height\" content=\"357\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-bitget-soars-83\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-bitget-soars-83\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bitget (BGB) Soars 83% As Top 100 Cryptos Hemorrhage &#8211; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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