Bitget Bites (September 6, 2022)

The global market cap is standing at US$989.52 billion, showing a 0.75% increase from yesterday and the 24-hour volume was up by 34.77% to US$65.67 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$19,673.05 and US$20,155.27 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$19,773.66, which is a 0.02% decrease compared to Ethereum’s 1.83% increase.

There has also been an increase (+2.45%) in the volume of our spot market. There has been an increase in the volume and price of altcoins over the past 24 hours, with no altcoins trading above the volume of US$1 billion, in order of market cap and volume we have BNB (+1.29%), ADA (+2.62%), and XRP (+1.59%).

The highest price and lowest price levels of BGB in the last 24 hours were US$0.15250 and US$0.14995, respectively.

The Top 3 Gainers of The Day are Forta (FORT), MoonDAO (MOONEY), and Contents Shopper Token (CST).

1st Place

FORTUSDT: Up by 24.26%

Forta is a decentralized, community-based monitoring network to detect threats and anomalies on DeFi, NFT, governance, bridges and other Web3 systems in real-time. With a market cap of US$44,015,428.95 and a 24-hour trading volume of US$35,687.36, touching a high of US$0.32016 and a low of US$0.22571 in the past 24 hours, FORT is trading at a current market price of US$0.27170.

2nd Place

MOONEYUSDT: Up by 13.36%

MoonDAO represents a decentralized, international, inclusive, and transparent approach to space exploration. With a 24-hour trading volume of US$30,348.30, touching a high of US$0.008142 and a low of US$0.004801 in the past 24 hours, MOONEY is trading at a current market price of US$0.007277.

3rd Place

CSTUSDT: Up by 12.78%

Contents Shopper team utilizes a basket of fiat-pegged stablecoins to keep the peg of its reserve currency CST. CST facilitates programmable payments and open financial infrastructure development. With a 24-hour trading volume of US$39,794.04, touching a high of US$0.00659 and a low of US$0.00555 in the past 24 hours, CST is trading at a current market price of US$0.00618 .

Meanwhile, the Top 2 Losers include: FTSYUSDT (-23.47%), ZBCUSDT (-12.73%).

Futures Market Updates

Activities on Futures markets are Gradually picking up, with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.51 billion, equivalent to a 2.04% increase. However, the aggregated futures volume saw a decrease of 55.87% to US$252 billion in the last 24 hours.

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance remained at 67% of the total OI, now standing at US$3.01 billion, which is a 1.35% increase from yesterday. The daily volume of Bitcoin contracts increased by 29.58% to US$204,425.20. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, leaning towards bearish at 49.09%/50.91%.

Interesting Topics

The Essential Guide To Bitget MegaSwap

Bitget Hot Takes (August 29 - September 04)

Futures Fees: Calculation in Detail

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