Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Market updates
Bitget Bites (January 30, 2023)

Bitget Bites (January 30, 2023)

Beginner
2023-01-30 | 5m

The global market cap is standing at US$1.08 trillion, showing a 1.86% increase from yesterday and the 24-hour volume also went up by 23.81% to US$49.67 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$23,920 and US$23,175 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$23,679, which is a 2.16% increase compared to Ethereum's 2.70% increase.

Altcoin prices are seeing green, with ADA (+0.46%) and DOGE (+0.19%) being the 2 altcoins 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$0.222 and US$0.213, respectively.

Bitget Bites (January 30, 2023) image 0

The Top 3 Gainers of The Day are League of Kingdoms (LOKA), HIGH Token (HIGH), and MOBOX (MBOX):

1st Place

LOKAUSDT: Up by 22.87%

League of Kingdoms is a blockchain-based Massively Multiplayer Online (MMO) strategy game. LOKA is trading at a current market price of US$0.7516, having touched a high of US$0.8513 and a low of US$0.5013 in the past 24 hours.

2nd Place

HIGHUSDT: Up by 22.65%

HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support. HIGH is trading at a current market price of US$3.4286, having touched a high of US$3.9248 and a low of US$1.3091 in the past 24 hours.

3rd Place

MBOXUSDT: Up by 12.53%

MOBOX Protocol combines the best of yield farming DeFi with Gaming NFTs creating a truly free to play and play to earn ecosystem. MBOX is trading at a current market price of US$0.6331, having touched a high of US$0.6763 and a low of US$0.5172 in the past 24 hours.

Meanwhile, the Top 3 Losers include TAMAUSDT (-15.83%), PRIMALUSDT (-11.76%), and DARUSDT (-7.33%).

Futures Market Updates

Future activities are warming up, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.23 billion, equivalent to a 5.18% 24-hour increase. The aggregated futures volume saw a 50.55% decrease to US$272 billion.

Bitget Bites (January 30, 2023) image 1

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 65% of the total OI, now standing at US$2.13 billion, which shows a 4.98% increase from yesterday. The daily volume of Bitcoin contracts increased by 58.46% to US$215,749.35. Funding rate of the last cycle stands at 0.0000%.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now slightly bearish at 49.28%/50.72%. Most BTC long ETFs locked in a price increase last Friday, but that's not the case for the highly anticipated ProShares' BTCUSDT">BTCUSDT">Short Bitcoin Strategy ETF (BITI), which closed the day at US$27.77 from the opening price of US$27.98.

Interesting Topics

Buy crypto on Bitget with Credit Card, Apple Pay, Google Pay

​​The Uncensored Guide To Bitget Spot Trading

What is Stagflation and How Does It Affect the Crypto Market?

Trending Events

Make a Deposit, Share $10,000 Futures Trading Bonus

Bitget Insights Web Launch: Share Insights, Earn Rewards up to $4000

Share 6000 USDT Get to Know 13 Community Reputation Roles' NFT

VIP Earn Rewards for New Year: 3x APR, Free VIP Privileges!

Anybody can be a Merchant on Bitget P2P and Earn 125$ in Weekly rewards!

Bitget Elite Recruitment!

Invest Like the Top Investors on Bitget

Buy Crypto with 0% Fees Through Banxa Earn $10 Bonus!

Broker’s Special - 100% Rebate for Limited Time Only!

Get 3$ Free on your first P2P trade on Bitget P2P!

[Bitget VIP] Free To Claim Your New Year Gifts

Join Bitget Discord and Participate in the New Weekly Registration Contest, Win BGB

Bitget Partners with TealStreet; Plus, Register, trade for up to $8000 bonus!

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