Today's Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on October 26, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.39 trillion US dollars, witnessing a decrease of 1.33% compared to yesterday; the total trading volume is 77.11 billion US dollars, marking a decline of 40.4% from the previous day.
According to sosovalue, the price of
$BTC is 67,098 USD, an increase of 0.599% from yesterday. The market cap of
$BTC is 1.33 trillion USD, accounting for 55.6% of the total market cap;
$BTC's 24-hour trading volume is 25.61 billion USD, making up 33.2% of the total trading volume.
The price of
$ETH is 2,482.7 USD, up 1.73% from yesterday; the market cap of
$ETH is 298.92 billion USD, representing 12.5% of the total market cap;
$ETH's 24-hour trading volume is 16.38 billion USD, comprising 21.2% of the total trading volume.
The combined market capitalization of
$BTC and
$ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.4% 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 23:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is WATCoin. As of 23:50 today, its market cap is 3.41M, with a coin price of 0.00042713 USD, witnessing a 24-hour increase of 42%.
The second is Moonwell. As of 23:50 today, its market cap is 300.72M, with a coin price of 0.10376 USD, witnessing a 24-hour increase of 39.8%.
The third is Dreams Quest. As of 23:50 today, its market cap is 517.72K, with a coin price of 0.00033100 USD, showing a 24-hour increase of 29.3%.
In fourth place is Nosana. As of 23:50 today, its market cap is 302.33M, its coin price is 3.6250 USD, with a 24-hour rise of 27.2%.
In fifth place is MOO DENG. As of 23:50 today, its market cap is 252.68M, its coin price is 0.25524 USD, increasing by 25.9% 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, 15 are up and 1 is down. Notably, AI, Meme, and SocialFi sectors are worth mentioning.
AI sector has risen 3.68% relative to the UTC 0 time, led by gains in nos (25.5%), tai (9.78%), and spec (9.29%).
Meme sector has increased 3.42% relative to UTC 0, with SUNDOG (18.8%), meme (18.4%), and MOODENG (17.1%) leading the rise.
SocialFi sector has risen 2.67%, with bbl (8.44%), mask (6.67%), and UXLINK (4.99%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Emory University reports holding $15 million worth of shares in Grayscale
Bitcoin Mini Trust: filing
Next news:According to The Information, at the beginning of this month, the U.S. Department of Commerce began investigating whether TSMC provided chips to Huawei, after which TSMC stopped supplying chips to Sophgo, an AI company affiliated with Bitmain. It is currently unclear whether the relationship between Bitmain and TSMC has been affected or to what extent. The Information cited two informed sources stating that the U.S. Department of Commerce and TSMC recently discovered that "the chips produced by TSMC for Xiamen Sophgo have designs similar to Huawei's AI chips."
Next news:According to Cointelegraph, a fraudulent application impersonating the DeFi platform Curve Finance has gained attention in the Apple App Store, ranking among the top 100 financial apps on October 26. Despite multiple users marking the app as a scam, it remains popular in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk. The fraudulent app, named "Curve defi v3," was developed by "Tao Duong Van" and misleads users by mimicking the logo and features of the legitimate Curve Finance platform. Almost all reviewers rated it one star and noted "scam" or "hacked" in their written reviews. Currently, Curve Finance has not made any public statement or warning regarding this situation.
Next news:Ethereum co-founder Vitalik Buterin outlines a roadmap to reduce
Ethereum's complexity and bloat over time. He suggests reducing the need for every node to permanently store all history and unneeded protocol features. He also proposes ways to effectively expire
Ethereum's state to prevent storage requirements from growing. This roadmap, titled 'The Purge,' aims to make node running more affordable and improve
Ethereum's scalability and security.
Next news:A user on Deribit today bought $67,000 worth of
Bitcoin put options, totaling 675
$BTC, set to expire next Friday.
Next news:According to Deep Tide TechFlow news on October 26, a Coinbase trader posted on the X platform that Coinbase has now entered maintenance mode. Spot trading on its site platforms (both simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be unavailable, with maintenance possibly lasting up to two hours. Coinbase International (including perpetual futures) will continue to operate during this period.
Next news:The on-chain DEX Ambient on Scroll has fully compensated the victims of a phishing attack that recently occurred due to domain hijacking, with payments made in ETH. SlowMist's Cosine stated that the full compensation by the project team for users who were phished due to the hijacking of the Web3 project's domain is a good example. The specific amount of losses has not been disclosed.
Next news:European Central Bank board member Knot stated that the market has anticipated a rate-cutting path too early, and we need to observe in December whether this is overly optimistic. If upward inflation risks emerge, the tightening of policies may be slower. We must keep all options regarding interest rates open and make decisions in a gradual meeting approach to retain flexibility in rate choices. Although the current economic situation in the Eurozone is not very good, it is not as bad as people say. A soft landing is expected for the Eurozone, and a recession is not anticipated.
Next news:A wallet linked to the US government has recovered $19.3 million out of the $20 million lost in a recent hack. The funds were moved to non-custodial applications in an attempt to launder the stolen cryptocurrency. The stolen funds were connected to government seizures related to the 2016 Bitfinex hack.
Next news:Scroll has announced its first token airdrop plan, allocating 7% of the total SCR token supply to ecosystem contributors.
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.