Bitget Futures Market Updates: AI-Linked Crypto Tokens Surge After Nvidia Sees 'Tipping Point'
Bitget2024/02/22 06:04
By:Bitget
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Nvidia said on Wednesday that its fourth-quarter earnings per share were $5.16, beating the average analyst estimate of $4.59 per share, according to FactSet data. The chipmaker also posted revenue of $22.1 billion, which came in higher than Wall Street's expectation of $20.4 billion.
Shares of the maker of chips that have fueled the artificial intelligence (AI) revolution surged more than 200% over the last year, taking the market cap of the company to nearly $1.7 trillion at one point, topping the value of tech giants Amazon and Google. AI Tokens surged after Nvidia's earnings. SingularityNet
(AGIX) was up over 20%, while FetchAI's
(FET) is up over 10%, and Render's
(RNDR) is up 8%. The overall marketcap of AI tokens has surpassed $16.5 billion, according to CoinGecko data.
Futures Market Updates
Following the surge of AI tokens, AGIX led the race with a 94.80% jump in OI overnight.
Bitcoin Futures Updates
Total BTC Open Interest: $23.48B (-1.23%)
BTC Volume (24H): $60.95B (-4.33%)
BTC Liquidations (24H): $27.49M (Long)/$13.60M (Short)
Long/Short Ratio: 49.62%/50.38%
Funding Rate: 0.0173%
Ether Futures Updates
Total ETH Open Interest: $10.55B (-2.69%)
ETH Volume (24H): $39.34B (-0.96%)
ETH Liquidations (24H): $32.61M (Long)/$12.72M (Short)
Long/Short Ratio: 48.84%/51.16%
Funding Rate: 0.0151%
Top 3 OI Surges
JASMY: $92.07M (+94.80%)
AGIX: $78.84M (+61.01%)
PROM: $5.16M (+56.79%)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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