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Bitget Bites (November 25, 2022)

Bitget Bites (November 25, 2022)

The global market cap is standing at US$828.48 billion, showing a 1.19% decrease from yesterday and the 24-hour volume also went down by 24.39% to US$46.96 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$16726.95 and US$16498.4 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16498.4, which is a 1.41% decrease compared to Ethereum's 1.19% decrease.

Altcoin prices are seeing red, with XRP (+3.14%) 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$0.1921 and US$0.1852, respectively.

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The Top 3 Gainers of The Day are Rally (RLY), The Protocol (THE), and MoonDAO (MOONEY):

1st Place

RLYUSDT: Up by 16.41%

Rally (RLY) is a social token-oriented protocol that allows creators to launch their own token and build a digital economy around their work. RLY is trading at a current market price of US$0.011164, having touched a high of US$0.011331 and a low of US$0.009391 in the past 24 hours.

2nd Place

THEUSDT: Up by 11.61%

The Protocol is an ERC20 meme token that is inspired by Vitalik Buterin, co-founder of ETH. THE is trading at a current market price of US$0.00425512, having touched a high of US$0.00516201 and a low of US$0.00273883 in the past 24 hours.

3rd Place

MOONEYUSDT: Up by 6.38%

MoonDAO's mission is to decentralise access to space. MOONEY is trading at a current market price of US$0.006761, having touched a high of US$0.006985 and a low of US$0.006294 in the past 24 hours.

Meanwhile, the Top 3 Losers include XUSDT">WEMIXUSDT (-68.65%), CYCLUBUSDT (-12.70%), and ACAUSDT (-12.67%).

Futures Market Updates

Future activities are cooling down, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.63 billion, equivalent to a 0.46% 24-hour increase. The aggregated futures volume saw a 3.13% decrease to US$215 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 65% of the total OI, now standing at US$2.36 billion, which shows a 0.47% increase from yesterday. The daily volume of Bitcoin contracts decreased by 27.59% to US$152,786.37. 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 54.08%/45.92%. Markets are closed on Thanksgiving so spend some time with those you love and be thankful for your family, friends, and this wonderful world we live in.

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