Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3

Bitget Bites (October 12, 2022)

iconShare
2022-10-12
Bitget Bites (October 12, 2022)

The global market cap is standing at US$919.37 billion, showing a 0.03% increase from yesterday but the 24-hour volume went down by 12.17% to US$48.43 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$19,264.71 and US$18,859.49 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$19,083.65, which is a 0.35% increase compared to Ethereum’s 1.08% increase.

There has been an overall increase in the price of altcoins over the past 24 hours, with XRP (-0.53%) being the only altcoin in the Top 10 trading above the volume of US$2 billion.

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.18488 and US$0.18270, respectively.

Bitget Bites (October 12, 2022) image 0

The Top 3 Gainers of The Day are GM Wagmi (GM), Green Satoshi Token (GST), and Celsius (CEL):

1st Place

GMUSDT: Up by 25.61%

Inspired by the ‘gm’ meme, GM Wagmi is a project created to bring positivity and a sense of community to investors. GM is trading at a current market price of US$0.000007828, having touched a high of US$0.000008684 and a low of US$0.000005455 in the past 24 hours.

2nd Place

GSTUSDT: Up by 13.55%

GST is the native token of Stepn, the Web3 lifestyle app promoting exercises and walking for better health. GST is trading at a current market price of US$0.0257, having touched a high of US$0.0271 and a low of US$0.0226 in the past 24 hours.

3rd Place

CELUSDT: Up by 9.84%

Celsius is a crypto lender that aims to play the role of a bank in the crypto industry. CEL is trading at a current market price of US$0.9860, having touched a high of US$1.0519 and a low of US$0.8549 in the past 24 hours.

Meanwhile, the Top 3 Losers include: XENUSDT (-71.83%), MMETAUSDT (-27.11%) and SKEBUSDT (-18.97%).



Futures Market Updates

Activities on Futures markets are increasing slightly, with the Open Interest (OI) of all cryptocurrencies now recorded at US$5.65 billion, equivalent to a 1.44% 24-hour increase. The aggregated futures volume also saw an increase of 9.47% to US$266 billion from yesterday.

Bitget Bites (October 12, 2022) image 1

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$3.79 billion, which is a 1.07% increase from yesterday. The daily volume of Bitcoin contracts decreased by 11.37% to US$170,272.20. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, bearish at 33.75%/66.25%. Most BTC long ETFs also locked in a price decrease yesterday, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$39.26 from the opening price of US$38.96.

Interesting Topics

Your Quick Guide To KYC On Bitget

Swing Trading Versus Day Trading

APR Versus APY

Trending Events

Deposit And Claim Up To 100 BGB Rewards

Invite Trade To Get Mystery Boxes Worth Up To 1 BTC

Earning Up To $500 As A Copy Trader

Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram