Market updates

Bitget Bites (December 30, 2022)

Beginner

2022-12-30 | 5m

The global market cap is standing at US$796 billion, showing a 0.09% increase from yesterday but the 24-hour volume went down by 12.16% to US$26.38 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$16,671.55 and US$16,527.92 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16,596.45, which is a 0.31% increase compared to Ethereum's 0.50% increase.

Altcoin prices are seeing red, with no altcoin in the Top 10 trading above the volume of US$1 billion.

The highest price and lowest price levels of BGB in the last 24 hours were US$0.1829 and US$0.1786, respectively.

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The Top 3 Gainers of The Day are TITAN, Green Satoshi Token (GST), and aelf (ELF):

1st Place

TITANUSDT: Up by 7.12%

TITAN is a blockchain based decentralized financial center that provides optimal liquidity solutions for different digital asset category by adaptive bonding curve. TITAN is trading at a current market price of US$0.073951, having touched a high of US$0.077214 and a low of US$0.067947 in the past 24 hours.

2nd Place

GSTUSDT: Up by 6.59%

Green Satoshi Token (GST), is earned in STEPN, a Web3 lifestyle app with fun social elements and gamification design. GST is trading at a current market price of US$0.01503, having touched a high of US$0.01519 and a low of US$0.01394 in the past 24 hours.

3rd Place

ELFUSDT: Up by 5.53%

aelf is an open-source blockchain network designed as a complete business solution. ELF is trading at a current market price of US$0.1583, having touched a high of US$0.161 and a low of US$0.1449 in the past 24 hours.

Meanwhile, the Top 3 Losers include GINOAUSDT (-16.71%), IXTUSDT (-11.17%), and PRIMALUSDT (-10.33%).

Futures Market Updates

Future activities are warming up, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.52 billion, equivalent to a 0.07% 24-hour increase. The aggregated futures volume saw a 29.84% increase to US$486 billion.

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Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 67% of the total OI, now standing at US$2.36 billion, which shows a 0.69% increase from yesterday. The daily volume of Bitcoin contracts decreased by 19.58% to US$129,661.93. Funding rate of the last cycle stands at 0.0000%.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now bullish at 64.91%/35.09%. Most BTC long ETFs locked in a price increase yesterday, same goes for the highly anticipated ProShares' Short Bitcoin Strategy ETF (BITI), which closed the day at US$40.22 from the opening price of US$39.81.