As of 11:59 AM on April 2, 2024, the total market cap of the crypto market is reported to be 2.52 trillion US dollars, showing a decrease of 6.18% compared to the previous day. The total trading volume is 116.58 billion US dollars, indicating a significant increase of 71.3% from the previous day.
According to sosovalue, the price of $BTC is 66,700 USD, a decrease of 5.51% from yesterday. The market cap of $BTC is 1.31T USD, accounting for 52.2% of the total market cap; $BTC's 24-hour trading volume is 19.72B USD, making up 16.9% of the total trading volume.
The price of $ETH is 3,366.3 USD, down 6.76% from yesterday; the market cap of $ETH is 404.19B USD, representing 16.1% of the total market cap; $ETH's 24-hour trading volume is 10.41B USD, comprising 8.93% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 25.83% 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 11:55, according to the latest data, the top five gainers are:
Top 1 gainer is Aavegotchi. As of 11:55 today, its market cap is 173.53M, with a coin price of 3.3920 USD, witnessing a 24-hour increase of 73.1%.
The second is SeaPad. As of 11:55 today, its coin price is 0.19130 USD, with a 24-hour increase of 39.5%.
The third is Verge. As of 11:55 today, its coin price is 0.0098350 USD, showing a 24-hour increase of 37.7%.
In fourth place is Core. As of 11:55 today, its coin price is 3.7367 USD, with a 24-hour rise of 37.4%.
In fifth place is DOSE. As of 11:55 today, its coin price is 0.010742 USD, increasing by 35.8% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 13 are up and 2 are down. Notably, GameFi sector has fallen -9.53% relative to the UTC 0 time, led by declines in ghx (-19.8%), gf (-16.4%), and sweat (-16.2%).
DePIN sector has decreased -10.3% relative to UTC 0, with tfuel (-14.6%), theta (-13.7%), and storj (-13.1%) leading the decline.
Meme sector has fallen -12.1%, with WEN (-21.6%), myro (-19.6%), and aidoge (-19.6%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Bloomberg, Jirayut Srupsrisopa, CEO of Bitkub Capital Group Holdings, the owner of Thailand's largest cryptocurrency trading platform, announced plans for an IPO in 2025. The company aims to list on the Stock Exchange of Thailand and is currently hiring financial advisors for the process. Bitkub Capital Group Holdings, the owner of Thailand's biggest crypto exchange, is planning an Initial Public Offering for 2025, Chief Executive Officer Jirayut Srupsrisopa said in an interview on Monday. Jirayut said Bitkub plans to go public on the Stock Exchange of Thailand in an effort to boost the company's profile and raise money. Bitkub is in the process of hiring financial advisers for the listing, he added. Thailand's biggest crypto exchange, Bitkub, is gearing up for an IPO in 2025 by planning to hire 1,000 employees. Bitkub Capital Group Holdings, the owner of Bitkub, is hiring financial advisers to facilitate its planned IPO on the Stock Exchange of Thailand. Despite a workforce reduction of 6% in 2022 and 2023, the company aims to double its workforce by the IPO launch. Bitkub, which holds a 77% market share in Thailand and handles about $30 million in daily trading volumes, faces competition from other major Thai crypto exchanges and global players like Binance. Thailand has seen a significant rise in crypto users, with projections indicating a growth to 17.7 million by 2028. Amidst this growing adoption, Bitkub sold a 9.2% stake in its crypto exchange unit to Asphere Innovations in July 2023. Despite a failed acquisition attempt by SCB X in 2022 due to regulatory scrutiny, Bitkub Online, which accounts for 80% of Bitkub Capital's earnings, is expected to see a valuation increase. Bitkub, Thailand’s largest cryptocurrency exchange, plans to IPO in Thailand in 2025. Binance and Kasikornbank Pcl are making moves to grab market share from Bitkub in the past six months. The number of active crypto trading accounts in Thailand jumped to 238,000 in March. BBG
Next news: Bitcoin experiences a drop in value, falling below $70,000 and reaching as low as $68,337 amid market fluctuations. The 24-hour drops range from 1.51% to 3.45% according to OKX market data reported by Blockbeats News on April 1 and 2.
Next news: Binance Holdings Ltd. has named its first board of directors as it seeks to reshape itself following a guilty plea to US charges of anti-money laundering and sanctions violations last year. Gabriel Abed, former Ambassador of Barbados to the United Arab Emirates, has been appointed as chairman. The seven-member board includes CEO Richard Teng and three other company executives - Heina Chen, Jinkai He, and Lilai Wang, along with two external members, Arnaud Ventura and Xin Wang. The appointments were effective from March 7, as per the Abu Dhabi Global Market website.
Next news: The TRON Foundation has requested the New York Federal Court to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), arguing that the SEC is targeting activities primarily conducted overseas. The Singapore-based organization contends that the digital assets in question were offered to foreign purchasers on a global platform, outside the SEC's jurisdiction. The TRON Foundation emphasized that the tokens were sold entirely overseas and measures were taken to avoid the U.S. market, asserting that no allegations were made regarding the tokens being offered or sold to U.S. residents. Furthermore, the TRON Foundation challenges the SEC's claim that subsequent secondary token sales on a U.S. platform serving global users constituted unregistered U.S. securities, describing the claim as indefensible.
Next news: Tether, the issuer of the world's largest stablecoin USDT, has increased its Bitcoin reserve to over 75,000 $BTC with a recent purchase of 8,889 $BTC from Bitfinex. This brings Tether's total Bitcoin holdings to around $5.2 billion. The purchase coincides with Bitcoin hitting a historic high in 2024. Tether's CEO, Paolo Ardoino, has confirmed the company's decision to invest in Bitcoin, citing its strength and potential as an investment asset. Tether's portfolio now includes stablecoins such as USDT, EURT, and XAUT. The company aims to pioneer the development of open-source, multimodal AI models to set new industry standards in the AI space. Tether remains the largest stablecoin issuer, with a total USDT supply standing at over 109 billion.
Next news: On March 30, a significant meeting was held at the Shanghai Shutu Blockchain Research Institute to launch and demonstrate the implementation plan of the "Super-Large-Scale Blockchain Basic Platform for the 'Belt and Road'" project. This project, led by the Shanghai Shutu Blockchain Research Institute and involving multiple prestigious institutions such as the China Academy of Information and Communications Technology, Shanghai Jiao Tong University, Fudan University, and Shanghai Maritime University, aims to develop an advanced blockchain platform. This platform is designed to support multi-country deployment and multi-subject collaborative supervision, facilitating cross-border cooperation in economic, trade, and cultural fields. The meeting was attended by expert leaders from various sectors, including the Industrial Development Promotion Center of the Ministry of Industry and Information Technology and the Shanghai Science and Technology Commission.
Next news: Ethereum briefly fell below $3,500, down 3.22% in 24 hours. According to BlockBeats news, on April 1, according to OKX market data, Ethereum fell below $3,500 for a short time and is now quoted at $3,508, a 24-hour drop of 3.22%. Ethereum's price recently dropped below $3.6K again, despite a brief recovery above this mark. The number of Ethereum addresses with non-zero balances continues to rise, indicating increased investor interest. However, the increase in Ethereum's supply on exchanges suggests higher selling pressure. Data from CryptoQuant shows a high net deposit on exchanges, indicating that investors are selling ETH. Despite this, the supply held by top addresses has increased, showing some confidence among whales. Ethereum's network-to-value ratio suggests the asset might be overvalued, hinting at a possible price correction. Technical analysis of Ethereum's daily chart shows a downward trend in its Relative Strength Index (RSI) and Chaikin Money Flow (CMF), with Bollinger Bands indicating a less volatile price movement ahead.
Next news: The crypto market is currently in a calm state, with Bitcoin maintaining its stability at a $70,000 price point as the community anticipates the upcoming Bitcoin halving event. This event, which reduces the reward for mining new blocks by half, is closely watched by investors and enthusiasts alike, as it has historically led to significant changes in Bitcoin's value. Bitcoin, the world's leading cryptocurrency, continues its sideways movement below the $70,000 level today, maintaining the volatility pattern observed over the past few days. In the morning hours, Bitcoin's price dropped by approximately 1% to $68,800, while Ethereum, the second-largest cryptocurrency by market cap, also experienced a 1.8% decrease to $3,500. Market analysts, including Justin D'Anethan of Keyrock and Lucy Hu of Metalpha, commented on the current market conditions, noting a lack of clear catalysts for price movements and a trading range between $69,000 and $71,000. As the Bitcoin halving event approaches, speculation about its potential impact on the market is increasing. D'Anethan highlighted the historical trend of a price drop immediately following halvings, followed by sustained rises, but cautioned about predicting market behavior during an ongoing bull run. He also mentioned the influence of Bitcoin spot exchange-traded funds (ETFs) on American exchanges as a factor affecting market dynamics.
Next news: In the past 24 hours, the entire network has liquidated $212 million, mainly long orders. According to CoinGlass data, the liquidation included $147 million in long orders and $65.74 million in short orders.
Next news: Telegram announces revenue-sharing model for public channel owners with at least 1,000 subscribers. Owners can receive 50% of ad revenue in TONcoin. New ad type purchasable with TONcoin introduced. Withdrawals for channel owners to open on Fragment. TON price surged by 111% since the announcement. TON added as payment method for ads on Telegram. TON blockchain launched $115M community incentive program. TON Foundation aims to bring 500 million people on-chain by 2028.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.xyz, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.