As of 11:59 PM on November 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.25 trillion US dollars, witnessing a decrease of 0.0867% compared to yesterday; the total trading volume is 223.56 billion US dollars, marking a decline of 3.51% from the previous day.

According to sosovalue, the price of $BTC is 94,258 USD, an increase of 2.11% from yesterday. The market cap of $BTC is 1.86 trillion USD, accounting for 57.5% of the total market cap; $BTC's 24-hour trading volume is 72.85 billion USD, making up 32.6% of the total trading volume.
The price of $ETH is 3,069.1 USD, down 1.23% from yesterday; the market cap of $ETH is 369.60 billion USD, representing 11.4% of the total market cap; $ETH's 24-hour trading volume is 30.98 billion USD, comprising 13.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.5% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Plian. As of 23:50 today, its market cap is 1.63M, with a coin price of 0.0016000 USD, witnessing a 24-hour increase of 120%.
The second is Open Loot. As of 23:50 today, its coin price is 0.16200 USD, with a 24-hour increase of 82.2%.
The third is Artificial Liquid Intelligence. As of 23:50 today, its coin price is 0.015049 USD, showing a 24-hour increase of 60.5%.
In fourth place is BarnBridge. As of 23:50 today, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is Clover Finance. As of 23:50 today, its coin price is 0.10965 USD, increasing by 43% over the last 24 hours.

Sector Performance in the Crypto Market

According to sosovalue, out of 16 sectors, 2 are up and 14 are down. Notably, the Meme, DePIN, and GameFi sectors are worth mentioning.

Meme Sector

The Meme sector has fallen by 4.89% relative to the UTC 0 time, led by declines in ELIZA (-58.6%), eliza (-52.9%), and URO (-45.5%).

DePIN Sector

The DePIN sector has decreased by 5.28% relative to UTC 0, with OMNIA (-27.1%), GRASS (-19.1%), and xyo (-18.7%) leading the drop.

GameFi Sector

The GameFi sector has fallen by 5.81%, with duel (-18.8%), CEC (-18.7%), and rbtc (-17.1%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of November 19th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $837.36M.

Yesterday, Grayscale's ETF GBTC had a net inflow of $16.19M, bringing GBTC's total historical net outflow to $20.25B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 13.14M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $661.55M.

The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $267.34M, with ARKB's total historical net inflow reaching $2.73B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $256.15M, with FBTC's total historical net inflow reaching $11.08B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $98.43B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.38%. The historical cumulative net inflow has reached $28.55B.

Source: https://sosovalue.com/assets/etf

Next news:MicroStrategy will sell $2.60 billion worth of notes and use the proceeds to purchase Bitcoin.
Next news:MicroStrategy has increased its convertible senior note offering to $2.6 billion, up from $1.75 billion, to acquire more bitcoin and for general corporate purposes. The notes, due 2029, will be issued to qualified institutional investors and are convertible into cash or stock. The offering is expected to close on Nov. 21, with an option for initial purchasers to buy an additional $400 million in notes. The proceeds could reach $2.97 billion if the option is exercised. MicroStrategy continues to use debt financing to expand its bitcoin holdings, having recently acquired 51,780 $BTC for $4.6 billion. The company now holds 331,200 $BTC, valued at $29.7 billion, purchased at an average price of $49,874 per bitcoin. MicroStrategy's share price has risen significantly, reflecting investor confidence in its strategy.
Next news:

PANews, November 20 news, according to Arkham monitoring, in the past 12 minutes, Grayscale transferred 8,409 $ETH (approximately 26.42 million USD) to a Coinbase Prime address and 1,602 $ETH (approximately 503 thousand USD) to an unmarked address. In addition, Grayscale also transferred 1,546.51 $BTC (approximately 146 million USD) to 2 unmarked addresses.

Next news:

According to Wu Shuo, PR Newswire reports that the American biopharmaceutical company Hoth Therapeutics, Inc. has announced that its board of directors has approved the purchase of up to 1 million USD worth of Bitcoin. Hoth's CEO Robb Knie stated, "We believe that Bitcoin will become a powerful financial reserve asset. The anti-inflation characteristics of Bitcoin may make it a reliable asset with value storage capabilities."

Next news:The Trump team is considering establishing a new position in the White House focused on cryptocurrency policy, marking the first such attempt by the administration. Trump expressed support for cryptocurrencies during his campaign and proposed firing SEC Chairman Gary Gensler, promising to commute the life sentence of Silk Road founder Ross Ulbricht, forming a Presidential Advisory Committee on Cryptocurrency, and creating a national strategic Bitcoin reserve. After the election, Trump nominated several pro-crypto executives for key positions, including appointing Cantor Fitzgerald CEO Howard Lutnick to lead the U.S. Department of Commerce, and Bitcoin supporter Robert F. Kennedy as the Secretary of the U.S. Department of Health and Human Services. Recent interactions between cryptocurrency industry executives and the Trump team have also taken place. Ripple CEO Brad Garlinghouse stated that he has discussed personnel appointments with Trump's close associates, and executives from Circle have engaged in conversations with Trump’s transition team. Coinbase CEO Brian Armstrong spoke with Trump about cryptocurrency and who would lead the SEC and the Commodity Futures Trading Commission.
Next news:Arkham Intel plans to launch a spot trading platform in the United States, with user eligibility varying by jurisdiction. U.S. users must be able to register based on the laws of their state. Spot trading involves buying and selling assets at current market prices. Arkham recently announced additional exchange plans, including a derivatives exchange in early October and a perpetual contract exchange on November 6. Arkham will compete with companies like Crypto.com and Coinbase, which together hold over 80% of the U.S. dollar-supported crypto trading market share. Arkham CEO Miguel Morel stated that the company will explore monetization options for the platform, but the core search functionality will remain free.
Next news:According to CryptoNews, Swiss company 21Shares announced the introduction of Ethereum staking functionality in its Ethereum Core exchange-traded product (ETP), renaming the product to Ethereum Core Staking ETP, with a management fee of only 0.21%, one of the lowest in the market. The ETP has been listed on the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam, providing staking options for European investors. According to data from Staking Rewards, the current average staking yield for Ethereum is 3.17%.
Next news:CHILLGUY has surged over 1200% in the last 24 hours, with a current market capitalization of 170 million USD.
Next news:

According to Deep Tide TechFlow news, on November 20, Trader T reported that the cryptocurrency sector of the U.S. stock market saw a general increase today: MICROSTRATEGY rose by 2.6%, ISHARES BITCOIN TRUST increased by 0.9%, COINBASE GLOBAL went up by 0.3%, RIOT PLATFORMS increased by 1.4%, CLEANSPARK rose by 0.8%, and MARA HOLDINGS saw a rise of 2%.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

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