SoSo Daily Oct 29 | Bitcoin breaks above 70,000 USDT

According to sosovalue, the price of $BTC is 69,962 USD, an increase of 2.85% from yesterday. The market cap of $BTC is 1.38 trillion USD, accounting for 56% of the total market cap; $BTC's 24-hour trading volume is 42.38 billion USD, making up 37.7% of the total trading volume.
The price of $ETH is 2,567.4 USD, up 2.38% from yesterday; the market cap of $ETH is 309.12 billion USD, representing 12.5% of the total market cap; $ETH's 24-hour trading volume is 19.10 billion USD, comprising 17% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.7% 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 Serenity Shield. As of 23:50 today, its market cap is 3.28M, with a coin price of 0.16910 USD, witnessing a 24-hour increase of 68.9%.
The second is Santos FC Fan Token. As of 23:50 today, its market cap is 28.21M, with a coin price of 5.0870 USD, witnessing a 24-hour increase of 56%.
The third is Aurora. As of 23:50 today, its market cap is 77.32M, with a coin price of 0.14470 USD, showing a 24-hour increase of 35.6%.
In fourth place is MAGA Hat. As of 23:50 today, its market cap is 100.51M, its coin price is 0.00024497 USD, with a 24-hour rise of 33.9%.
In fifth place is Dogechain. As of 23:50 today, its market cap is 13.08M, its coin price is 0.00040590 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, 13 are up and 3 are down. Notably, Meme, $BTC, and NFT sectors are worth mentioning.
Meme sector has risen 6.22% relative to the UTC 0 time, led by gains in MAGA (36.8%), gme (25.3%), and dog (24.7%).
$BTC sector has increased 2.85% relative to UTC 0, with $btc (2.85%) leading the rise.
NFT sector has fallen -2.7%, with dust (-8.71%), ape (-7.52%), and TNSR (-7.3%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Bitget market data, Bitcoin has risen above 70,000 USDT, currently priced at 70,065.20 USDT, with a daily increase of 3.04%.
Next news:Rollup-as-a-Service platform Gelato has raised $11 million in a Series A+ funding round led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC, among others. Gelato aims to become the “go-to platform” for startups to launch their own blockchains. The latest round brings Gelato’s total fundraising to $23.2 million. Gelato supports more than 50 rollups, including Fox News’ Layer 2 Verify and DeFi giants like Aave, Sky, and Synthetix’s Infinex.
Next news:Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale as total amount raised hits $67.7 million
Next news:Binance will launch SANTOS perpetual contracts, supporting up to 75x leverage.
Next news:According to SolanaFloor's monitoring, the crypto wallet Phantom has gone down due to a major backend incident.
Next news:According to monitoring by Arkham, the Grayscale address transferred 7,749 $ETH to Coinbase Prime.
Next news:Foresight News reports that the Bitcoin DeFi infrastructure bitSmiley has announced the completion of a $10 million Series B funding round, with participation from MH Ventures and Skyland Ventures. The new funding will facilitate bitSmiley's growth, enhance its cross-chain capabilities, and power its multi-chain stablecoin initiative.
Next news:Hana Network, a startup developing Hyper Casual Finance, has raised $4 million in a builder round from builders such as Sushiswap, Alliance, and Orange DAO. The valuation of this round have not been disclosed. Hana was founded last year by Kohei Hanasaka. The team has been tackling onboarding experience challenges for quite a while and launched Hana Gateway, trustless on/off ramp, in January 2024. Leveraging the insights gained from Hana Gateway, they are presently focused on developing Hypercasual Finance, which emphasizes user-driven distribution with existing open social networks. Hana Network is Hypercasual Finance with social network effects, turning the complicated crypto world into a playground that new comers can easily enjoy. Users can seamlessly onboard from social media and engage in casual earning or on-ramping through mechanisms such as attention incentives, social tipping, and P2P funding. Existing CEX experiences offer users a passive way to just own assets, whereas Hana Network provides user-driven distribution through interactions among users, creating new network effects and opens doors for the unbanked. Hana Network aims to be the gateway to crypto for newcomers by mixing blockchain's P2P transactions and communication with existing social network effects. The mainnet will be divided into four major phases. They have already achieved a successful launch of Mainnet Phase 1 with the hyper-casual card Lego game Hanafuda, where users can earn rewards while playing. New experiences will be gradually introduced from Phase 2 to Phase 4.
Next news:According to Wu, the cryptocurrency payment solution provider Alchemy Pay has announced its release plan for the Layer 1 Alchemy Chain. The Alchemy Chain is built on the scalable Solana Virtual Machine (SVM) architecture and is designed to support Alchemy Pay's business operations as well as the integration of cryptocurrency and fiat payments. ACH will serve as the utility token for the Alchemy Chain, allowing users to pay gas fees and transactions with either ACH or fiat currency, and seamlessly convert profits and other on-chain earnings into fiat currency.
Next news:Bitpanda, a cryptocurrency exchange backed by Peter Thiel, is considering an IPO in Frankfurt. The company is also exploring options such as selling itself, with a potential valuation of $4 billion or more.

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.