SoSo Daily Oct. 14 | Bitcoin breaks above 65,000 USDT

According to sosovalue, the price of $BTC is 65,967 USD, an increase of 6.15% from yesterday. The market cap of $BTC is 1.30 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 38.87 billion USD, making up 35.9% of the total trading volume.
The price of $ETH is 2,629.2 USD, up 7.61% from yesterday; the market cap of $ETH is 316.51 billion USD, representing 13.2% of the total market cap; $ETH's 24-hour trading volume is 17.91 billion USD, comprising 16.5% 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 52.4% 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 15:20 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Moonwell. As of 15:20 today, its market cap is 155.57M, with a coin price of 0.0545 USD, witnessing a 24-hour increase of 35.1%.
The second is BOOK OF MEME. As of 15:20 today, its market cap is 685.24M, with a coin price of 0.0099310 USD, witnessing a 24-hour increase of 30.5%.
The third is Saga. As of 15:20 today, its market cap is 342.76M, with a coin price of 3.3004 USD, showing a 24-hour increase of 28.6%.
In fourth place is Foxy. As of 15:20 today, its market cap is 34.10M, its coin price is 0.011368 USD, with a 24-hour rise of 27.5%.
In fifth place is Cult DAO. As of 15:20 today, its market cap is 11.42M, its coin price is 0.0000027150 USD, increasing by 24.3% 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, 16 are up and 0 are down. Notably, Meme, GameFi, and Layer2 sectors are worth mentioning.
Meme sector has risen 8.52% relative to the UTC 0 time, led by gains in BOME (36.4%), FOXY (31.4%), and SC (30.5%).
GameFi sector has increased 7.91% relative to UTC 0, with MAVIA (28.5%), 1 cat (23%), and bigtime (18.7%) leading the rise.
Layer2 sector has risen 7.77%, with SAGA (28.8%), cult (23.5%), and metis (13.7%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Bitget market data, Bitcoin has broken through 65,000 USDT, currently priced at 65,085.00 USDT, with a daily increase of 3.55%.
Next news:Net inflows into global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares returned to net inflows of $407 million last week following $147 million worth of outflows the week prior, according to CoinShares. Recent investor decisions have likely been more influenced by the upcoming U.S. elections than monetary policy outlooks, CoinShares Head of Research James Butterfill noted on Monday. U.S.-based funds dominated last week’s net inflows, adding $406 million—likely due to the current political nature of the flows, in Butterfill’s view. Bitcoin-based investment products witnessed net inflows totaling $419 million for the week, making it the “primary beneficiary of recent political shifts,” Butterfill said. Multi-asset investment products also fared well, marking their 17th consecutive week of net inflows, albeit a modest $1.5 million worth. Furthermore, blockchain equity ETFs witnessed one of the largest weekly inflows of the year, bringing in $34 million — likely in response to recent bitcoin price rises, Butterfill added. However, Ethereum-based products continued their negative spell, with $9.8 million exiting the funds globally last week, despite $1.9 million in net inflows to the U.S. spot Ethereum ETFs.
Next news:Samara Asset Group plans to issue a bond worth up to $32.8 million to expand its bitcoin holdings and investment portfolio. Pareto Securities has been appointed to manage the bond issuance.
Next news:Solv Protocol's SolvBTC product has more than 20,000 $BTC staked ($1.24 billion) deployed across 10 major blockchain networks.
Next news:According to SoSoValue data, last week (from October 7 to October 11, Eastern Time), Bitcoin spot ETFs saw a net inflow of 308 million USD. Among them, Grayscale ETF GBTC had a net outflow of 50.02 million USD. The Bitcoin spot ETF with the highest net inflow last week was BlackRock ETF IBIT, with a weekly net inflow of 140 million USD. Following that was Fidelity Bitcoin ETF FBTC, with a weekly net inflow of 138 million USD.
Next news:Crypto Custodian Copper Appoints Former SEC Advisor Amar Kuchinad as New Global CEO
Next news:Digital asset trading software provider Talos Trading Inc. plans to double its workforce in the Asia-Pacific region over the next 12 months. Talos raised $40 million in Series A funding in 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.
Next news:According to Bitget market data, Ethereum has surpassed 2500 USDT, currently priced at 2500.41 USDT, with a daily increase of 1.30%.
Next news:The bitcoin price rose above $64,000 briefly during Monday afternoon trading in Asia, as analysts said the cryptocurrency gained on the back of the rebound seen in Chinese equities. China’s Finance Minister outlined the country’s plans to provide a fiscal stimulus package to reinvigorate its economy. The Shanghai Composite Index rose 2.12% so far today. Bitcoin has been moving sideways, around $62,500 to $63,000 over the weekend. Most non-stablecoin cryptocurrencies on the top 20 list also rose in price. Looking ahead, China’s Q3 GDP data release and earnings reports from major U.S. banks could influence the market this week.
Next news:According to the official announcement, Binance has postponed the launch time of BinanceStakedSOL (BNSOL) as cross-margin collateral, which was originally scheduled for October 14, 2024, at 16:00, until further notice. Additionally, the launch time for the BNSOL/SOL trading pair on isolated margin has also been postponed from the originally scheduled October 14, 2024, at 16:00 to October 14, 2024, at 19:30.

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.