Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Market updates
Bitget Bites (September 28, 2022)

Bitget Bites (September 28, 2022)

Beginner
2022-09-28 | 5m

The global market cap is standing at US$915.39 billion, showing a 5.77% decrease from yesterday but the 24-hour volume went up by 12.75% to US$93.61 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$18,553.30 and US$20,338.46 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$18,729.76 which is a 6.83% decrease compared to Ethereum’s 7.06% decrease.

There has also been an increase (+3.61%) in the volume of our spot market. There has been a significant decrease in the volume and price of altcoins over the past 24 hours, with several altcoins trading below the volume of US$1 billion, in order of market cap and volume we have BNB (-4.95%), ADA (-5.90%) and XRP (-10.47%).

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.2032 and US$0.1863 respectively.

Bitget Bites (September 28, 2022) image 0

The Top 3 Gainers of The Day are Celsius Token (CEL), Volt Inu Token (VOLT) and GM Wagmi Token (GM):

1st Place

CELUSDT: Up by 6.00%

Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. With a 24-hour trading volume of US$173,942.63, touching a high of US$1.6378 and a low of US$1.3298 in the past 24 hours, CEL is trading at a current market price of US$1.5343.

2nd Place

VOLTUSDT: Up by 5.68%

Volt Inu (VOLT) is a highly deflationary token on the Ethereum blockchain that keeps growing through the use of true deflationary techniques and additional revenue generation. With a 24-hour trading volume of US$102,415.24, touching a high of US$0.0000007900 and a low of US$0.0000005328 in the past 24 hours, VOLT is trading at a current market price of US$0.0000006314.

3rd Place

GMUSDT: Up by 4.74%

GM Wagmi is a meme coin based on the popular “gm” meme that has taken social media, especially Crypto Twitter, by storm in 2021. With a 24-hour trading volume of US$64,466.12, touching a high of US$0.000006520 and a low of US$0.000005166 in the past 24 hours, GM is trading at a current market price of US$0.000005671.

Meanwhile, the Top 3 Losers include: MMETAUSDT (-62.80%), JNSUSDT (-14.10%) and LIKEUSDT (-13.92%).



Futures Market Updates

Activities on Futures markets are declining with the Open Interest (OI) of all cryptocurrencies now recorded at US$4.27 billion, equivalent to a 6.56% decrease. And the aggregated futures volume saw a significant decrease of 34.93% to US$272 billion from yesterday.

Bitget Bites (September 28, 2022) image 1

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 69% of the total OI, now standing at US$2.93 billion, which is a 5.48% decrease from yesterday. The daily volume of Bitcoin contracts increased by 11.77% to US$298,148.10. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, bearish at 31.81%/68.19%. 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$39.14 from the opening price of US$36.98.

Interesting Topics

5 Reasons why Derivatives are the key for crypto adoption

Top Analysis Tools for the Decentralized Finance (DeFi) Investors

Understanding Finance: Capitalizing on Volatility

Trending Events

September Special! Subscribe and Earn up to 15.6% APY

Trade to Win 500,000 SHIB Rewards. Zero Spot Trading Fee!

Bitget Launchpool is LIVE: Share 200,000 BGB in a MEGA Prize Pool, Prizes Every Hour!

Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Share
link_icon
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade now