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Bitget Bites (December 22, 2022)

Bitget Bites (December 22, 2022)

The global market cap is standing at US$811 billion, showing a 0.15% increase from yesterday but the 24-hour volume went down by 25.43% to US$25.40 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$16,888.03 and US$16,751.23 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16,849.95, which is a 0.13% increase compared to Ethereum's 0.51% increase.

Altcoin prices are sitting steadily at the same level, with no 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$0.1987 and US$0.1883, respectively.

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The Top 3 Gainers of The Day are 0xmons (XMON), XEN Crypto (XEN), and Numerai (NMR):

1st Place

XMONUSDT: Up by 9.84%

0xmons is a NFT platform for summoning neural net generated pixel monsters. XMON is trading at a current market price of US$17167.9, having touched a high of US$17303.2 and a low of US$15490.11 in the past 24 hours.

2nd Place

XENUSDT: Up by 9.71%

XEN Crypto is an ERC-20 token built on the Ethereum blockchain. XEN is trading at a current market price of US$0.00000306, having touched a high of US$0.000004188 and a low of US$0.000002545 in the past 24 hours.

3rd Place

NMRUSDT: Up by 9.35%

Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. NMR is trading at a current market price of US$13.56, having touched a high of US$14.52 and a low of US$11.91 in the past 24 hours.

Meanwhile, the Top 3 Losers SOSUSDT (-42.82%), PRIMALUSDT (-20.70%), and MITHUSDT (-20.08%).

Futures Market Updates

Future activities are cooling down, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.53 billion, equivalent to a 14.70% 24-hour decrease. The aggregated futures volume saw a 40.21% decrease to US$242 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 67% of the total OI, now standing at US$2.39 billion, which shows a 15.30% decrease from yesterday. The daily volume of Bitcoin contracts decreased by 15.26% to US$143,710.86. Funding rate of the last cycle stands at 0.0000%.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now bearish at 44.03%/55.97%. Most BTC long ETFs locked in a price increase yesterday, same goes for the highly anticipated ProShares' Short Bitcoin Strategy ETF (BITI), which closed the day at US$39.77 from the opening price of US$39.52.

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