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Bitget Bites (July 25, 2022)

Bitget Bites (July 25, 2022)

The global market cap is standing at US$1.005T, showing a 2.13% decrease from yesterday and the 24-hour volume was up by 7.28% to US$64.43B. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$21,804.35 and US$22,974.00 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$21,870.34, which is a 2.28% decrease compared to Ethereum’s 3.50% decrease.

There has been a decrease in the volume and price of altcoins over the past 24 hours, with so many altcoins trading below the volume of US$1B, in order of hierarchy we have XRP (-4.42%%), ADA (-4.83%), and SOL (-5.44%).

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.15200 and US$0.14501, respectively.

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The Top 3 Gainers of The Day are DFI.Money (YFII), Juventus Fan Token (JUV) and GINOA (Ginoa).

1st Place

YFIIUSDT: Up by 7.39%

Money (YFII) is an Ethereum token that governs the DFI. Money platform. The platform is a fork of Yearn. finance and acts as a yield optimizer for tokens deposited to the platform.With a current market cap of $64,840,775.49 and trading volume of $363,572,077.50, YFII is trading at a current market price of $1,672.30.

2nd place

JUVUSDT: Up by 4.79%

The Juventus Fan Token (JUV) is a cryptocurrency representing voting rights as well as various benefits and rewards for holders, which they can leverage to engage with and influence the decisions of the Juventus F.C. football club. With a current market cap of $5,746,847.78 and trading volume of $43,267,777.99, JUV is trading at a current market price of $4.34.

3rd Place

GINOAUSDT: Up by 4.60%

Ginoa is the first and only NFT expert in the world. Ginoa identifies NFTs and gives them a fair price. Ginoa provides fair price information about products by scanning the market with Amazon artificial intelligence infrastructure. With a current market cap of $5,697,993.45 and trading volume of $51,174.23, GINOA is trading at a current market price of $0.2815.

Meanwhile, the Top 2 Losers include: FIO (-47.66%), MOONEY (-12.62%).

Futures Market Updates

The Open Interests (OI) of all cryptocurrencies is slightly decreasing, now recorded at US$3.69B, which is equivalent to a -0.63% decline from yesterday and the 24-hours aggregated volume of all contracts at US$185B (+27.51%).

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Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI accounted for two-thirds of the total OI at US$2.43B while the daily volume of Bitcoin contracts only stood at US$205,163.90. The last cycle of funding rate (-0.0100%) demonstrates a buy signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now still torn at 51.9%/48.1%.

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