Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3

Bitget Bites (October 19, 2022)

iconShare
2022-10-19
Bitget Bites (October 19, 2022)

The global market cap is standing at US$927.56 billion, showing a 0.68% decrease from yesterday but the 24-hour volume went up by 7.31% to US$54.28 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$19,706.66 and US$19,093.13 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$19,269.45, which is a 1.09% decrease compared to Ethereum’s 1.86% decrease.

There has been a decrease in the price of altcoins over the past 24 hours, with XRP (-2.66%) being the only altcoin in the Top 10 trading above the volume of US$1 billion.

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.19250 and US$0.18657, respectively.

Bitget Bites (October 19, 2022) image 0

The Top 3 Gainers of The Day are Aptos (APT), Dora Factory (DORA), and CyDotori Token (DOTR):

1st Place

APTUSDT: Up by 54.94%

Aptos is a Layer-1 solution that uses the Move programming language and virtual machine to deliver fast and scalable blockchain. APT is trading at a current market price of US$6.962, having touched a high of US$17.695 and a low of US$4.500 in the past 24 hours.

2nd Place

DORAUSDT: Up by 5.03%

Dora Factory is a DAO infrastructure provider that aims to give users the power to create and manage decentralised organisations. DORA is trading at a current market price of US$3.49947, having touched a high of US$3.54572 and a low of US$3.17482 in the past 24 hours.

3rd Place

DOTRUSDT: Up by 4.17%

DOTR is the medium of exchange in Cyworld Metaverse - the virtual space of Korean’s social network service giant. DOTR is trading at a current market price of US$0.0099, having touched a high of US$0.0101 and a low of US$0.0094 in the past 24 hours.

Meanwhile, the Top 3 Losers include: TORNUSDT (-23.85%), FIUUSDT (-14.04%) and POLYUSDT (-13.49%).



Futures Market Updates

Activities on Futures markets continued to expand, with the Open Interest (OI) of all cryptocurrencies now recorded at US$5.88 billion, equivalent to a 1.02% 24-hour increase. The aggregated futures volume also saw an increase of 54.96% to US$260.33 billion from yesterday.

Bitget Bites (October 19, 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$3.94 billion, which is a 1.60% increase from yesterday. The daily volume of Bitcoin contracts increased by 7.84% to US$199,726.47. 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 40.74%/59.26%. Most BTC long ETFs locked in a price decrease yesterday, except the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$38.62 from the opening price of US$37.63.

Interesting Topics

BNB Chain’s $586M Hack - The Horror Before Halloween

Understanding The Spot Market

Impermanent Loss And Top 5 Ways To Avoid It

Trending Events

1,000,000 BGB Referral Benefits

Exclusive Benefit For New Users

Bitget $80 Global P2P Carnival

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