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Bitget Bites (December 27, 2022)

Bitget Bites (December 27, 2022)

The global market cap is standing at US$813 billion, showing a 0.09% increase from yesterday but the 24-hour volume went down by 0.79% to US$22.08 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$16,961.42 and US$16,813.52 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16,879.34, which is a 0.05% decrease compared to Ethereum's 0.26% increase.

Altcoin prices are seeing green, with no 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$0.1869 and US$0.1780, respectively.

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The Top 3 Gainers of The Day are Nym (NYM), Angur (REP), and Neblio (NEBL):

1st Place

NYMUSDT: Up by 8.42%

Nym is the next generation of privacy infrastructure that can prevent sensitive data leakage by protecting every packet's metadata at the network and application layers. NYM is trading at a current market price of US$0.2046, having touched a high of US$0.2094 and a low of US$0.1846 in the past 24 hours.

2nd Place

REPUSDT: Up by 7.21%

Augur is an oracle network and peer-to-peer powered prediction market protocol. REP is trading at a current market price of US$4.8461, having touched a high of US$4.9561 and a low of US$4.4259 in the past 24 hours.

3rd Place

NEBLUSDT: Up by 7.18%

Neblio is a distributed, high performance blockchain platform built for Enterprise Industry 4.0 applications and services. NEBL is trading at a current market price of US$1.5055, having touched a high of US$1.6416 and a low of US$1.3367 in the past 24 hours.

Meanwhile, the Top 3 Losers include REDUSDT (-14.04%), GALFANUSDT (-13.64%), and XMONUSDT (-8.71%).

Futures Market Updates

Future activities are warming up, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.65 billion, equivalent to a 1.62% 24-hour increase. The aggregated futures volume saw a 66.44% increase to US$288 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$2.47 billion, which shows a 1.24% increase from yesterday. The daily volume of Bitcoin contracts increased by 0.83% to US$112,636.70. 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 38.57%/61.43%.

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