Summary
- Bitget Token surpassed its all-time high, rising 7.68% from the previous day according to CoinMarketCap.
- Bitget's spot trading volume surged 52% in one day, ranking second after Binance in trading volume.
- The rise of Bitget Token is attributed to the surge in trading volume within the exchange.
Bitget Token (BGB) is showing a solo upward trend amid a bearish market.
As of 2:59 PM on the 19th, Bitget Token is trading at $4.47, up 7.68% from the previous day according to CoinMarketCap. Notably, it is rising alone even though major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are mostly on a downward trend.
The reason for Bitget Token's upward trend is the significant increase in trading volume within the exchange. According to CoinGecko data, Bitget's spot trading volume in the last 24 hours surged 52% from the previous day, reaching $8.684 billion. This is the highest level after Binance, Bybit, Coinbase, and OKX. The trading volume surged so much that it recorded more spot trading volume than Upbit, the largest cryptocurrency exchange in Korea.
Additionally, Bitget recorded $51.7 billion in derivatives trading volume, ranking third after Binance and Bybit.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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