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Bitget Bites (August 15, 2022)

Bitget Bites (August 15, 2022)

The global market cap is standing at US$1.190 trillion, showing a 0.96% increase from yesterday and the 24-hour volume was down by 18.98% to US$66.76 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$24,206.26 and US$25,135.59 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$24,800.54, which is a 1.14% increase compared to Ethereum’s 0.67% decrease.

There has also been a decrease (-51.44%) in the volume of our spot market. There has been a decrease in the volume and price of altcoins over the past 24 hours, with some altcoins trading above the volume of US$1 billion, in order of market cap and volume we have BNB (-1.52%), ADA (-2.93%), and XRP (-0.97%).

The highest price and lowest price levels of BGB in the last 24 hours were US$0.16910 and US$0.16696, respectively.

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The Top 3 Gainers of The Day are iExec Rlc (RLC), Celsius (CEL), and Scouthub (HUB).

1st Place

RLCUSDT: Up by 17.14%

RLC is an Ethereum token for the first decentralised marketplace for cloud resources, iExec. The platform enables people to rent and monetise computing power and data by creating a distributed infrastructure. Developers can borrow computations on the network while providers can lend their computing power. With a current market cap of $131,217,028.44 and a trading volume of $34,633,525.46, RLC is trading at a current market price of $1.60.

2nd Place

CELUSDT: Up by 15.94%

Think CEL token as a rewards program, with actual financial rewards like even higher earning rates and ridiculously low rates on loans. With a current market cap of $915,021,926.89 and a trading volume of $55,647,971.22, CEL is trading at a current market price of $3.85.

3rd Place

HUBUSDT: Up by 14.67%

Scouthub offers football fans a new fantasy football experience while utilizing a cutting-edge play-and-earn model. Own your team via blockchain technology and collectible NFT cards and become the manager of your dream team! Scouthub offers officially licensed player cards that are compliant with ERC-1155 standards to users for a thrilling game experience. With a current market cap of $5,988,021.10 and a trading volume of $578,390.22, HUB is trading at a current market price of $0.2878.

Meanwhile, the Top 3 Losers include: FTSYUSDT (-14.83%), OBXUSDT (-13.45%), and FIUUSDT (-11.43%).

Futures Market Updates

Activities on Futures markets are slowly increasing, with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.51 billion, equivalent to a 2.73% increase from yesterday.

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Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance remained at 66% of the total OI at US$2.96B; the daily volume of Bitcoin futures increased by 28.37% to US$186,743. The last cycle of funding rate (+0.0001%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, currently leaning towards bearish at 47.47%/52.53%. Most BTC long ETFs locked in a price increase, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed Friday at US$32.21 from the opening price of US$32.77.

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