April 3 Market Dynamics: BGB price soars to a historic high

Bitget2024/04/03 02:22

By:Bitget

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I. Market Fundamentals
1. BTC has begun to plummet sharply, and the secondary high on the daily chart has been broken. There is a net outflow of BTC spot ETFs, and the US government may sell $2 billion worth of BTC.
2. U.S stocks have fallen sharply, with the dollar index hitting a four-month high.

II. Market Focus
1. After stabilizing, ENA rose on exchanges with a total market value reaching $12 billion USD. USDE can be transferred to PENDLE on Mantle chain via Stargate cross-chain bridge for mining which saves more gas fees than operating on Ethereum mainnet.
2. In face of market downturns, POLYX and PENDLE show relative resistance.PENDLE indirectly profits from ENA transactions.
3.Wormhole will be launched on mainstream trading platforms such as Bitget and Binance; Wormhole is a cross-chain bridge project.
4.The price of Bitget platform coin BGB has soared to an all-time high.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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