Bitget Bites (July 26, 2022)

The global market cap is standing at US$968.68B, showing a 3.66% decrease from yesterday and the 24-hour volume was up by 18.02% to US$76.04B. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$21,012.48 and US$22,213.48 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$21,145.15, which is a 3.39% decrease compared to Ethereum’s 6.27% decrease.

There has been a decrease in the volume and price of altcoins over the past 24 hours, with so many altcoins trading below the volume of US$1B, in order of market cap and volume we have XRP (-3.27%%), ADA (-4.60%), and SOL (-6.54%).

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.15041 and US$0.14340, respectively.

The Top 3 Gainers of The Day are GINOA (Ginoa), Verasity (VRA) and Caduceus (CMP).

1st Place

GINOAUSDT: Up by 7.80%

Ginoa is the first and only NFT expert in the world. Ginoa identifies NFTs and gives them a fair price. Ginoa provides fair price information about products by scanning the market with Amazon artificial intelligence infrastructure. With a current market cap of $5,735,401.29 and trading volume of $51,211.19, GINOA is trading at a current market price of $0.3221.

2nd place

VRAUSDT: Up by 7.19%

Verasity provides proprietary technology uniquely rewarding gamers, viewers and publishers. Verasity is a crypto-based platform with the VRA token that aims to revolutionise the online advertising business. With a current market cap of $52,142,899.64 and trading volume of $9,577,449.94, VRA is trading at a current market price of $0.005064.

3rd Place

CMPUSDT: Up by 4.22%

A blockchain dedicated to metaverse development . Caduceus Metaverse Protocol — Providing an open blockchain platform for Metaverse and Digital Twins. Caduceus is building a core blockchain platform that supports metaverse and digital, and plans to launch virtual reality applications in the network, where users can communicate and collaborate asynchronously across space and achieve a level of reality through cloud rendering and XR.With a current trading volume of $4,347,390.02, CMP is trading at a current market price of $0.3596.

Meanwhile, the Top 3 Losers include: GTS (-24.29%), FIU (-24.08%), FTSY (-20.50)

Futures Market Updates

The Open Interests (OI) of all cryptocurrencies continues to decrease, now recorded at US$3.35B, which is equivalent to a -9.21% decline from yesterday and the 24-hours aggregated volume of all contracts at US$118B (-36.22%).

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI accounted for 60% of the total OI at US$2.16B while the daily volume of Bitcoin contracts only stood at US$206,622.20. The last cycle of funding rate (0.0100%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now leaning towards bullish at 56.9%/43.1%. Yesterday was red for most Bitcoin ETFs, except the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which ended the day at US$36.47 compared to the opening price of US$36.34. Volume of Bitcoin ETFs also saw a significant decrease from last Friday’s.

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