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Bitget Launches ZENUSDT Futures Trading with Maximum Leverage of 75x

Victoria, Seychelles, January 8th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has launched ZENUSDT perpetual futures trading with a maximum leverage of 75x, effective January 6, 2025, at 20:00 (UTC+8). This launch introduces advanced trading opportunities, complemented by support for futures trading bots, enabling users to automate strategies and optimize their trading performance. ZENUSDT-M perpetual futures are settled in USDT and offer a tick size of 0.001, with funding fees settled every eight hours. Trading is available 24/7, ensuring continuous access to the market. Users can access this feature through the official Bitget website or the Bitget app, making trading flexible and convenient for global participants. To maintain a secure and efficient trading environment, Bitget retains the discretion to adjust key parameters such as tick size, maximum leverage, and maintenance margin rates based on prevailing market conditions. This proactive risk management approach ensures optimal trading performance while safeguarding users against market volatility. Comprehensive Futures Offerings Bitget’s futures platform includes USDT-M Futures, Coin-M Futures, and USDC-M Futures: USDT-M Futures: Utilize USDT for all trading pairs, allowing users to manage multiple futures contracts under a unified account. Profits, losses, and risks are consolidated within the same equity pool for streamlined portfolio management. Coin-M Futures: Trade using the underlying asset as collateral for settlements. USDC-M Futures: Designed for settlements in USDC, catering to a wider array of trading preferences. This addition to Bitget’s extensive futures lineup reflects the platform’s commitment to empowering traders with innovative tools, flexible options, and a robust trading ecosystem. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in the EASTERN, SEA, and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . Contact Public Relations Media Bitget media@bitget.com Bitcoin World

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Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch)

A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others. BTC Slumps Hard After a relatively quiet weekend, which BTC spent mostly at around $98,000, the cryptocurrency went on the offensive on Monday. Within just a few hours, its price skyrocketed from under $99,000 to a multi-week peak of $102,400. This was the first time the asset exceeded the $100,000 mark since the start of the year. It kept climbing during the Tuesday Asian trading session and peaked at $102,800 (on Bitstamp). However, it quickly started to lose value as the day progressed. Once the US trading hours kicked in and some controversial data came out , BTC started to freefall and dumped by five grand in about 60 minutes. It kept dropping in the following hours and plunged to $95,200 earlier this morning, leaving roughly $700 million in liquidations. Despite recovering slightly since then, bitcoin is still 6% down on the day. Its market cap has plummeted from over $2 trillion to under $1.9 trillion, and its dominance over the alts stands at 54.3%. Bitcoin/Price/Chart 8.1.2024. Source: TradingView Alts in Freefall State As it typically happens during such violent corrections, most altcoins have it worse. Ethereum is among the poorest performers, having dumped by 8% from over $3,600 to under $3,400. Even more painful declines come from SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, and SHIB, as most of them have dumped by double digits. XRP and BNB have dropped by a more modest 4.5% and 3.2%, respectively, while LEO is the only larger-cap alt that is not deep in the red. The total crypto market cap went from $3.760 trillion yesterday to under $3.5 trillion today, losing roughly $300 billion in the process from top to bottom. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch) appeared first on CryptoPotato . Bitcoin World