Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on July 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.32 trillion US dollars, witnessing an increase of 2.28% compared to yesterday; the total trading volume is 60.54 billion US dollars, marking a decline of 1.79% from the previous day.
According to sosovalue, the price of $BTC is 60,097 USD, an increase of 2.67% from yesterday. The market cap of $BTC is 1.19 trillion USD, accounting for 51% of the total market cap; $BTC's 24-hour trading volume is 20.94 billion USD, making up 34.6% of the total trading volume.
The price of $ETH is 3,202.4 USD, up 1.44% from yesterday; the market cap of $ETH is 384.97 billion USD, representing 16.6% of the total market cap; $ETH's 24-hour trading volume is 9.10 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.6% 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 Petals (PTS). As of 11:55 today, its market cap is 9.73M, with a coin price of 0.00068860 USD, witnessing a 24-hour increase of 102%.
The second is sudoswap (SUDO). As of 11:55 today, its coin price is 0.15413 USD, with a 24-hour increase of 38.2%.
The third is RabbitX (RBX). As of 11:55 today, its coin price is 0.032980 USD, showing a 24-hour increase of 35.9%.
In fourth place is MAGA (TRUMP). As of 11:55 today, its coin price is 8.7490 USD, with a 24-hour rise of 35.7%.
In fifth place is michi (MICHI). As of 11:55 today, its coin price is 0.13920 USD, increasing by 31.7% over the last 24 hours.
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 15 are up and 1 is down. Notably, Meme, $BTC, and RWA sectors are worth mentioning.
Meme sector has risen 3.66% relative to the UTC 0 time, led by gains in trump (45.6%), michi (27.9%), and APU (21.5%).
$BTC sector has increased 2.67% relative to UTC 0, with $btc (2.67%) leading the rise.
RWA sector has risen 2.39%, with PROPC (13%), LMR (7.49%), and mkr (5.45%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:During a rally speech, Trump was shot, injured but stable. This incident led to a 44% surge in TRUMP and a 32% surge in MAGA, both related to Trump, within half an hour.
Next news: Bitcoin is gaining after the shooting at a Donald Trump rally, leading to speculation the incident will increase his chances of winning the presidential election. The former president, who has positioned himself as pro-crypto, said he was shot in the right ear after gunfire erupted at his political rally in Pennsylvania on Saturday. His campaign said he was “fine” after the incident and looking forward to going to the Republican National Convention that begins on Monday in Milwaukee.
Next news: Blockchain data analysis company Bitrace reported that the TRON network address TNVaKW of Cambodia's Huivong Group was frozen by Tether for over 29.62 million USDT on July 13th. This address is related to the collateral business activated by Huivong Group on July 9, 2024. Additionally, Huivong Group has activated a new business address, TQuFSv, and transferred 114.80 thousand USDC from the frozen address. Huivong Group's other collateral and payment-related addresses have not been frozen in the past six months. The freezing may be related to activities such as money laundering, aiding fraud, or theft of coins.
Next news: According to Look On Chain data, since June 24th, 93 new wallets have withdrawn a total of 12.75 million LINK from Binance, worth approximately 167 million US dollars. This activity may indicate institutional or large investors are actively purchasing LINK.
Next news: According to Cryptoslate, Shiba Inu (SHIB)'s anonymous lead developers, Shytoshi Kusama and Kaal Dhairya, plan to transfer project control to the community by the end of the year and establish a dedicated committee to lead certain affairs.
Next news: Arthur Hayes criticized Trump's sudden interest in cryptocurrency in his blog, suggesting that Trump's intentions are insincere. Hayes believes that Trump is trying to boost his election image by pleasing the young, politically active cryptocurrency community, but this attention is superficial. Once re-elected, Trump's interest in cryptocurrency may fade. Hayes points out that many cryptocurrency experts blindly donate to Trump's campaign, mistakenly thinking that this can prevent crackdowns on cryptocurrency.
Next news: Alexey Pertsev, a developer for Tornado Cash, will remain in jail while his appeal is processed after a Dutch court denied his bail request. Pertsev was sentenced to over five years in prison on charges of money laundering. His legal team had hoped he could prepare for his appeal at home, but the court's decision and the denial of computer access in prison have hindered these preparations. Pertsev's case has sparked debate over the role of developers in cryptocurrency protocols, with supporters arguing that targeting developers for user actions is unjust.
Next news: According to Coinglass data, the total open interest nominal value of $BTC options is 16.46 billion US dollars, while the open interest nominal value of $ETH options is 5.69 billion US dollars.
Next news: Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds (ETFs) have reached a new record for cumulative total net inflows of $15.81 billion, according to SoSoValue. The funds added over $1 billion in assets under management during this period, with the most significant single-day inflow of $310 million occurring on the latest trading day, Friday. Leading the inflows was BlackRock's IBIT, followed by Fidelity's FBTC and other funds like Grayscale's GBTC, Bitwise's BITB, and Ark Invest's ARKB. Despite the record inflows, bitcoin's price has dropped approximately 17.5% from $71,500 to $58,900. The total trading volume on July 12 was $1.15 billion, lower than the $2.5 billion traded on June 7. The industry is also anticipating the launch of spot Ethereum ETFs after regulatory discussions.
Next news: Bitcoin price rebounds breaking through 60,000 USDT. According to Bitget market data, the current price of Bitcoin is 59,970 USDT, with a 24-hour increase of 3.91%.
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.