Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on January 24, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.81 trillion US dollars, witnessing an increase of 0.181% compared to yesterday; the total trading volume is 208.11 billion US dollars, marking a decline of 2% from the previous day.
According to sosovalue, the price of
$BTC is 106,420 USD, an increase of 0.466% from yesterday. The market cap of
$BTC is 2.11 trillion USD, accounting for 55.3% of the total market cap;
$BTC's 24-hour trading volume is 76.19 billion USD, making up 36.6% of the total trading volume.
The price of
$ETH is 3,397.6 USD, up 4.03% from yesterday; the market cap of
$ETH is 409.42 billion USD, representing 10.7% of the total market cap;
$ETH's 24-hour trading volume is 32.75 billion USD, comprising 15.7% of the total trading volume.
The combined market capitalization of
$BTC and
$ETH accounts for 66.0% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.3% 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 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is SOSO. As of 17:50 today, its market cap is 46.14M, with a coin price of 0.65440 USD, witnessing a 24-hour increase of 554%.
The second is INSUR. As of 17:50 today, its coin price is 0.025870 USD, with a 24-hour increase of 121%.
The third is FOR. As of 17:50 today, its coin price is 0.0031280 USD, showing a 24-hour increase of 94.2%.
In fourth place is MSN. As of 17:50 today, its coin price is 0.17960 USD, with a 24-hour rise of 88.7%.
In fifth place is SWFTC. As of 17:50 today, its coin price is 0.012614 USD, increasing by 68.8% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably,
$ETH, RWA, and NFT sectors are worth mentioning.
$ETH sector has risen 4.06% relative to the UTC 0 time, led by gains in
$eth (4.06%).
RWA sector has increased 2.98% relative to UTC 0, with gfi (14.7%), smt (9.55%), and PROPC (8.92%) leading the rise.
NFT sector has fallen -3.33%, with ANIME (-33.4%), psl (-17.9%), and opul (-6.3%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to official announcements, Binance Futures will launch USD-margined perpetual contracts for VINEUSDT and PIPPINUSDT, with a maximum leverage of up to 25 times. The specific opening times are as follows: the VINEUSDT perpetual contract will be launched on January 24, 2025, at 18:00 (Beijing Time), and the PIPPINUSDT perpetual contract will be launched at 18:15 (Beijing Time). Vine Coin and Pippin have been listed on the Binance Alpha Market.
Next news:Members of the European Central Bank's Governing Council stated that it is necessary to launch a digital euro in response to the push for cryptocurrencies by the Trump administration. This initiative aims to ensure the euro's position in the global financial system and to address potential currency competition. The introduction of the digital euro will provide consumers and businesses in the eurozone with a secure and convenient payment method, while also helping to combat money laundering and terrorist financing. The European Central Bank is studying the technical and legal framework for the digital euro to ensure its security and effectiveness.
Next news:
According to Foresight News, monitoring by Spot On Chain shows that a whale address "0x373" has spent approximately 664.5 $ETH (worth about 2.38 million USD) to purchase around 1.17 million LDO in the past 2 hours, with an average purchase price of 2.036 USD.
According to Foresight News, monitoring by Spot On Chain shows that a whale address "0x373" has spent approximately 664.5 $ETH (worth about 2.38 million USD) to purchase around 1.17 million LDO in the past 2 hours, with an average purchase price of 2.036 USD.
Next news:According to a report by the WSJ, MicroStrategy may need to pay federal income tax on its unrealized
Bitcoin gains. Under the Inflation Reduction Act (IRA) of 2022, the company could be subject to a 15% Corporate Alternative Minimum Tax (CAMT), which is based on adjusted GAAP earnings, and cryptocurrency assets are not exempt from this tax. MicroStrategy is negotiating with the Internal Revenue Service (IRS) to seek an exemption. If the exemption is not granted, the company may need to sell some
Bitcoin to pay the taxes, which could impact its investment strategy. As of now, MicroStrategy holds over 450 thousand Bitcoins, with unrealized gains of approximately 19.30 billion dollars, and the tax could take effect starting in 2026.
Next news:
According to Deep Tide TechFlow news on January 24, Arkham monitoring reported that approximately 18 minutes ago, Grayscale transferred 699.923 $BTC to the Coinbase Prime Deposit address, worth 73.61 million USD.
Next news:
Odaily Planet Daily News: According to monitoring by Lookonchain, Circle has recently minted 250 million USDC on Solana 10 minutes ago. Over the past week, Circle has minted 3.50 billion USDC on Solana.
Next news:Wu learned that Coinbase International Exchange and Coinbase Advanced will launch perpetual contract trading markets for Toshi, Gigachad, and The Graph on January 30, 2025, at 9:30 AM (UTC) or later, including TOSHI-PERP, GIGA-PERP, and GRT-PERP.
Next news:According to Wu, the winning projects of the BNB 2024 Q4 hackathon have been announced: The first place is the blockchain-based salary platform Paynova; the second place includes the DeFi project Outrun and the decentralized AI agent launchpad AgentArcade; the third place consists of the music competition platform Rhythm Malural, the Telegram bot Star Bridge, and the blockchain Q&A platform DoubtEarn based on the BNB Smart Chain.
Next news:
SoSoValue has announced that the SOSO token first quarter airdrop is now open for claims, with the airdrop claim period lasting 4 months. The number of eligible users for the first quarter is 200 thousand, and the distribution amount of SOSO tokens is 1.5%. Based on the latest financing valuation, this season's airdrop is valued at over 15 million USD. The maximum airdrop amount per user is approximately 120,000 USD worth of SOSO, and users can claim it before February 25, 2025.
Next news:According to Wu, on-chain detective ZachXBT reported that the P2P market Noones was allegedly attacked on January 1-2, 2025, on
Ethereum, Tron, Solana, and BSC, resulting in a loss of approximately 7.90 million USD. Noones' hot wallet experienced hundreds of suspicious outgoing transactions, each amounting to less than 7,000 USD. The platform subsequently announced maintenance but did not provide an official statement regarding the security incident. The stolen funds were bridged to
Ethereum and BSC and then deposited into Tornado Cash to obscure the flow of funds.
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.