Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on August 15, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.19 trillion US dollars, witnessing a decrease of 0.83% compared to yesterday; the total trading volume is 75.26 billion US dollars, marking a decline of 15.5% from the previous day.
According to sosovalue, the price of $BTC is 58,908 USD, a decrease of 0.44% from yesterday. The market cap of $BTC is 1.16 trillion USD, accounting for 53.1% of the total market cap; $BTC's 24-hour trading volume is 28.04 billion USD, making up 37.3% of the total trading volume.
The price of $ETH is 2,616.6 USD, down 1.57% from yesterday; the market cap of $ETH is 314.72 billion USD, representing 14.4% of the total market cap; $ETH's 24-hour trading volume is 12.00 billion USD, comprising 15.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.2% 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 17:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge (BOND). As of 17:55 today, its market cap is 20.89M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is Holograph Utility Token (HLG). As of 17:55 today, its coin price is 0.0023150 USD, with a 24-hour increase of 34%.
The third is SuperRare (RARE). As of 17:55 today, its coin price is 0.10300 USD, showing a 24-hour increase of 31.7%.
In fourth place is sudoswap (SUDO). As of 17:55 today, its coin price is 0.10800 USD, with a 24-hour rise of 28.4%.
In fifth place is Dust Protocol (DUST). As of 17:55 today, its coin price is 0.30050 USD, increasing by 27.9% 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, 3 are up and 13 are down. Notably, AI, Layer2, and SocialFi sectors are worth mentioning.
AI sector has fallen -3.71% relative to the UTC 0 time, led by declines in soph (-9.55%), moov (-8.97%), and wld (-7.81%).
Layer2 sector has decreased -4.08% relative to UTC 0, with DYM (-10.9%), STRK (-9.18%), and TIA (-8.23%) leading the drop.
SocialFi sector has fallen -5.54%, with gft (-9.97%), ton (-6.3%), and rss3 (-6.24%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Senate Majority Leader Chuck Schumer expressed optimism that U.S. crypto legislation could be enacted this year. He made these remarks at an event where crypto insiders showed support for Vice President Kamala Harris as their preferred presidential candidate.
Next news:Foresight News: Bitcoin mining company Marathon Digital Holdings announced the completion of its issuance of 2.125% convertible senior notes due in 2031, with a total principal amount of $300 million. The company purchased 4,144 bitcoins for $249 million at an average price of $59,500 per bitcoin based on note proceeds between August 12 and August 14, 2024. Currently, they hold over 25,000 bitcoins.
Next news:Binance has agreed to pay $1.7 million to the Brazilian Securities Commission to settle an investigation into its unauthorized derivatives offerings. The settlement comes after the commission rejected Binance's initial proposal in August 2023.
Next news:Spot bitcoin ETFs experienced a significant outflow of $81 million, marking the end of a two-day streak of positive inflows.
Next news:Morgan Stanley has disclosed a significant investment of $187 million in BlackRock's spot Bitcoin ETF during the second quarter. Concurrently, the financial giant nearly liquidated its entire stake in Grayscale's Bitcoin Trust (GBTC), marking a notable shift in its cryptocurrency investment strategy.
Next news:Wu learned that according to Trader T's monitoring, hedge fund Millennium Management reduced its positions in spot Bitcoin ETFs in the second quarter: decreased by 14% in FBTC, currently holding 589 million USD; decreased by 48% in IBIT, currently holding 371 million USD; decreased by 52% in GBTC, currently holding 82 million USD; increased by 71% in BITB, currently holding 65 million USD; increased by 8837% in MSTR, currently holding 121 million USD.
Next news:OKX, a prominent cryptocurrency exchange, has introduced Solana 'Blinks,' a new feature, to Ethereum chains. This integration aims to enhance interoperability between the two blockchain platforms, potentially increasing efficiency and user engagement.
Next news:The U.S. government has transferred $600 million worth of Bitcoin, originally seized from the Silk Road, to Coinbase Prime. This move does not necessarily indicate an intention to sell the cryptocurrency. Meanwhile, Bitcoin's price has been relatively stable at around $59,000, despite a brief drop from $61,000 earlier in the day, which occurred prior to the transaction.
Next news:Foresight News reports that according to Bitget market data, Bitcoin has rebounded and surpassed 59,000 USDT, currently trading at 59,179.03 USDT, with a 24-hour decrease narrowed to 3.47%.
Next news:The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged long exchange-traded fund (ETF) that focuses on MicroStrategy. This ETF allows investors to leverage their positions in MicroStrategy, potentially amplifying both gains and risks.
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.