Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
Extraordinary Messi partnership

Bitget Bites (January 20, 2023)

Bitget Bites (January 20, 2023)

The global market cap is standing at US$982 billion, showing a 1.53% increase from yesterday but the 24-hour volume went down by 32.98% to US$40.37 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$21,189 and US$20,689 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$21,102, which is a 1.54% increase compared to Ethereum's 1.96% increase.

Altcoin prices are seeing green, with XRP (+3.23%) being the only 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$0.1989 and US$0.1946, respectively.

Bitget Bites (January 20, 2023) image 0

The Top 3 Gainers of The Day are PRIMAL (PRIMAL), (SSV), and Saitama (SAITAMA):

1st Place


PRIMAL combines 2 massively successful concepts: STEPN-style sports + Chiliz-style fan tokens. PRIMAL is trading at a current market price of US$0.011777, having touched a high of US$0.012149 and a low of US$0.008564 in the past 24 hours.

2nd Place

SSVUSDT: Up by 14.64% is designed for building high-performance, secure, and decentralized ETH staking applications. SSV is trading at a current market price of US$21.1862, having touched a high of US$21.7214 and a low of US$16.5966 in the past 24 hours.

3rd Place

SAITAMAUSDT: Up by 9.68%

Saitama is a community-driven platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone. SAITAMA is trading at a current market price of US$0.002021540375, having touched a high of US$0.002025821278 and a low of US$0.001700934186 in the past 24 hours.

Meanwhile, the Top 3 Losers includeAMPLUSDT (-14.13%), REDUSDT (-12.87%), and HEXUSDC (-10.47%).

Futures Market Updates

Future activities are cooling down, with the Open Interest (OI) of all cryptocurrencies now recorded at US$4.57 billion, equivalent to a 1.58% 24-hour decrease. The aggregated futures volume saw a 81.03% decrease to US$1.11 trillion.

Bitget Bites (January 20, 2023) image 1

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 68% of the total OI, now standing at US$3.11 billion, which shows a 2.88% decrease from yesterday. The daily volume of Bitcoin contracts decreased by 48.77% to US$157,616.73. 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 56.53%/43.47%. Most BTC long ETFs locked in a price increase yesterday, but that's not the case for the highly anticipated ProShares' BTCUSDT">BTCUSDT">Short Bitcoin Strategy ETF (BITI), which closed the day at US$30.44 from the opening price of US$30.96.

Interesting Topics

The Ultimate Guide to Bitget Spot Copy Trading

How Bitget Became a Dark Horse and Earns Market Share and Trust from Millions in Crypto Winter

The Crypto Burrito (Volume IV): Understanding 2022’s Crypto Bankruptcy Filings

Trending Events

Invite Friends to Win an iPhone 14 Pro!

Make a Deposit, Share $10,000 Futures Trading Bonus

You trade. We cover your loss! 100,000BGB up for grabs

Publish Your Strats - Share Up to 12k USDT in Bonuses!

Bitget Insights Web Launch: Share Insights, Earn Rewards up to $4000

Bitget New Year Gift ⁠— Share Mega Red Packets!

31,000+ USDT! Win Big Rewards in Grid Trading

Share 6000 USDT Get to Know 13 Community Reputation Roles' NFT

Bitget x Jesse Promotion: Share $30,000 in Trading Bonuses!

1,000,000 BGB Benefits! Refer Friends to Win your share!

Join Bitget Global Telegram Group (New), Win 5500 USDT

Bitget Will List Rocket Pool (RPL) in the Innovation Zone - Share $10,000 Worth of Rewards!

VIP Earn Rewards for New Year: 3x APR, Free VIP Privileges!

Join Bitget Discord and Participate in the New Weekly Genghis Reward, Win BGB

Anybody can be a Merchant on Bitget P2P and Earn 125$ in Weekly rewards!

Bitget Elite Recruitment!

Invest Like the Top Investors on Bitget

Dual Investment Events and Rewards Policy for Influencers

Buy Crypto with 0% Fees Through Banxa Earn $10 Bonus!

Broker’s Special - 100% Rebate for Limited Time Only!

Join Bitget Discord and Participate in the New Weekly Genghis Reward, Win BGB

Get 3$ Free on your first P2P trade on Bitget P2P!

[Bitget VIP] Free To Claim Your New Year Gifts

Bitget Partners with TealStreet; Plus, Register, trade for up to $8000 bonus!

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