Bitget Insights: Ethereum’s Surge Signals Start of Altcoin Season Amid Growing Institutional Interest

Ethereum's recent price surge above $4,500 indicates early capital rotation from Bitcoin, with Bitcoin's dominance dipping below 58%. This shift is supported by strong on-chain metrics, including record transaction volumes of $238 billion in July and expanding Layer-2 adoption. According to Jamie Elkaleh, CMO of Bitget Wallet, a true altcoin season requires sustained outperformance against Bitcoin and liquidity driven by ETFs. The growing interest in ethereum ETFs further bolsters this outlook, positioning Ethereum as a potential leader in the upcoming altcoin season. As institutional interest continues to grow, Ethereum's momentum could pave the way for broader altcoin market gains in the near future.

Ethereum Poised to Lead Next Altcoin Season as Institutional Interest Grows

Ethereum's recent surge above $4,500 signals early capital rotation from Bitcoin, with its dominance dipping below 58%. On-chain metrics bolster this shift—July saw record transaction volumes of $238 billion, while Layer-2 adoption continues expanding.

Jamie Elkaleh, Bitget Wallet's CMO, notes that a true altcoin season requires sustained outperformance against Bitcoin and ETF-driven liquidity. Ethereum ETFs recently outpaced Bitcoin products in inflows, though market volatility persists. Institutional treasury allocations and DeFi protocol integration further strengthen ETH's case.

The cryptocurrency's trajectory now hinges on maintaining growth independent of Bitcoin. With retail whales and institutions accumulating, Ethereum may craft a new narrative for 2025's institutional traders.

Bitget Launches Web3 MotoGP Racing Mini-Game with Real-World Rewards

Bitget, a leading cryptocurrency exchange and Web3 company, has unveiled an online racing mini-game tied to the MotoGP season. The campaign, launching on August 18, merges virtual competition with tangible perks, allowing users to climb leaderboards for cash prizes, co-branded merchandise, and exclusive MotoGP experiences.

The initiative extends Bitget's partnership with MotoGP as a Regional Partner for Grand Prix events in Italy, Germany, Spain, and Indonesia. Three-time world champion Jorge Lorenzo fronts the campaign, emphasizing the synergy between crypto's strategic precision and motorsport's split-second decisions.

Participants earn double points during key races in Catalunya and Indonesia, blending fandom with interactive engagement. "Crypto is often seen as technical," Bitget noted, "but here we’re making it fun and intuitive."

Bitget Launches AI-Powered Trading Assistant to Public, Enhancing Crypto Trading Accessibility

Bitget, a leading cryptocurrency exchange and Web3 company, has publicly released its AI-powered trading assistant, GetAgent, following a successful invite-only phase. The tool integrates advanced artificial intelligence with real-time market data to provide traders with insights, strategies, and execution capabilities through a chat interface.

During its beta phase, GetAgent garnered significant interest, accumulating a waitlist of over 25,000 users. Feedback from early adopters led to improvements in visual feedback mechanisms, enhancing the platform's accuracy and user personalization. The public launch introduces three membership tiers tailored to different trading needs, ranging from basic market analysis to advanced features for high-frequency traders.