Bitget and Uniswap Show Spike in OI Amid Crypto Market Turbulence

In mid-June, Bitcoin experienced significant volatility, dropping below $67,000 due to supply pressures and market adjustments. Despite the downturn, Bitcoin managed to stabilize around $65,000 over the weekend, while Ethereum recovered to $3,500. CoinGlass data revealed a decline in Bitcoin futures open interest, which still stayed above $35 billion.

Cryptocurrency markets experienced turbulence in mid-June, with Bitcoin dropping below $67,000 due to supply pressures and market adjustments. However, the digital asset managed to stabilize around $65,000 over the weekend, while Ethereum recovered to $3,500.

According to CoinGlass data, Bitcoin futures open interest showed a decline but still remained above $35 billion.

In other news, Bitget, a leading cryptocurrency exchange, reported an increase in key metrics for May. The exchange saw a 39.2% spike in open interest, reaching $9.74 billion, which was the highest among centralized exchanges, as reported by CCData.

Moreover, Bitget reportedly attracted $975.4 million in capital inflows, marking significant industry leadership, according to DeFiLlama. The report published by Bitget names among the factors contributing to this resilience a strong focus on new token listings and new offerings. Over the past month, the platform listed 62 new tokens, including high performers like $TURBO and $WOJAK, and saw over 120,000 participants staking 427 million USDT on its PoolX platform.

notably, Bitget has outperformed in the spot markets year-to-date, achieving the largest gains among exchanges, as reported by Cointelegraph in May. Its market share increased by 2.01%, reaching 38%, surpassing Binance’s 33.8%. In April alone, Bitget’s share in derivatives volume of $4.5 trillion reached $652 billion, highlighting its significant impact and leadership in the market.

Meanwhile, decentralized exchange Uniswap experienced a significant increase in open interest of 64.25%, indicating strong trader and analyst interest.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitget-uniswap-spike-oi-crypto-market-turbulence.html

The above is the detailed content of Bitget and Uniswap Show Spike in OI Amid Crypto Market Turbulence. For more information, please follow other related articles on the PHP Chinese website!