Bitget Bites (September 15, 2022)

The global market cap is standing at US$986 billion, showing a 1.21% decrease from yesterday and the 24-hour volume was down by 21.63% to US$79.31 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$19,793.40 and US$20,400.47 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$20,145.10, which is a 1.19% decrease compared to Ethereum’s 0.44% decrease.

There has also been a decrease (-40.11%) 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 few altcoins trading above the volume of US$1 billion, in order of market cap and volume we have BNB (-2.30%), XRP (+0.16%), and ADA (-0.73%).

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.17647 and US$0.17133, respectively.

The Top 3 Gainers of The Day are Skeb Coin (SKEB), Moon DAO (MOONEY), and Grove (GVR).

1st Place

SKEBUSDT: Up by 17.67%

Skeb Coin is the native token of the Skeb ecosystem. Its economy includes transaction fees, staking, locks, liquidity incentives, buy backs, burns, and a DAO treasury. With a 24-hour trading volume of US$62,518.04, touching a high of US$0.007322 and a low of US$0.005654 in the past 24 hours, SKEB is trading at a current market price of US$0.006429.

2nd Place

MOONEYUSDT: Up by 8.95%

MoonDAO represents a decentralized, international, inclusive, and transparent approach to space exploration. With a 24-hour trading volume of US$35,752.58, touching a high of US$0.010467 and a low of US$0.008171 in the past 24 hours, MOONEY is trading at a current market price of US$0.009301.

3rd Place

GVRUSDT: Up by 7.78%

Grove Token is a decentralized and secure green Token built for the future of our planet. With a 24-hour trading volume of US$37,441.18, touching a high of US$0.000000000712 and a low of US$0.000000000561 in the past 24 hours, GVR is trading at a current market price of US$0.000000000652.

Meanwhile, the Top 3 Losers include: LUNAUSDC (-34.76%), LUNAUSDT (-34.66%), and NXDUSDT (-33.33%).

Futures Market Updates

Activities on Futures markets are expanding, with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.3 billion, equivalent to a 1.65% increase. However the aggregated futures volume saw a decrease of 29.41% to US$204 billion from yesterday.

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance remained at 69% of the total OI, now standing at US$2.96 billion, which is a 2.07% increase from yesterday. The daily volume of Bitcoin contracts decreased by 34.46% to US$194,665.00. The last cycle of funding rate (-0.0016%) demonstrates a mild buy signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, bearish at 46.94%/53.06%. Most BTC long ETFs also locked in a price decrease yesterday, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$37.55 from the opening price of US$36.84.

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