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%)

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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