SoSo Daily Nov 4 | BTC fell below $68,000, down 2.15% for the day.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on November 3, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.40 trillion US dollars, witnessing a decrease of 2.49% compared to yesterday; the total trading volume is 117.33 billion US dollars, marking an increase of 106% from the previous day.

According to sosovalue, the price of $BTC is 68,765 USD, a decrease of 0.88% from yesterday. The market cap of $BTC is 1.36 trillion USD, accounting for 56.7% of the total market cap; $BTC's 24-hour trading volume is 37.09 billion USD, making up 31.6% of the total trading volume.
The price of $ETH is 2,457.3 USD, down 1.48% from yesterday; the market cap of $ETH is 295.9 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 15.45 billion USD, comprising 13.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.8% 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 Stader. As of 23:50 today, its market cap is 26.91M, with a coin price of 0.58510 USD, witnessing a 24-hour increase of 94%.
The second is BarnBridge. As of 23:50 today, its market cap is 20.90M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The third is Grass. As of 23:50 today, its market cap is 403.98M, with a coin price of 1.6563 USD, showing a 24-hour increase of 33.8%.
In fourth place is Super Trump. As of 23:50 today, its market cap is 15.74M, its coin price is 0.0067260 USD, with a 24-hour rise of 31.7%.
In fifth place is CARV. As of 23:50 today, its market cap is 0E-8, its coin price is 0.95160 USD, increasing by 31.5% 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, 0 are up and 16 are down. Notably, DeFi, Meme, and NFT sectors are worth mentioning.
DeFi sector has fallen -4.01% relative to the UTC 0 time, led by declines in vela (-17.6%), ooki (-14.2%), and dop (-13.3%).
Meme sector has decreased -4.6% relative to UTC 0, with aidoge (-14.4%), myro (-11.2%), and sats (-9.62%) leading the drop.
NFT sector has fallen -4.95%, with TNSR (-13.1%), ogn (-11.5%), and vee (-11%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:BTC fell below $68,000, down 2.15% intraday.
Next news:A highly anticipated poll released on Saturday shows that U.S. Vice President Harris is slightly ahead of former President Trump in Iowa. Analysts believe that Iowa is a very solid red state, and neither candidate has focused much on it in the final campaign, with predictors suggesting that there is almost no chance of a reversal in Iowa. However, the latest poll released on Saturday, just three days before Election Day, shows Harris leading Trump with a support rate of 47% to 44%, which is an unexpected result, as Trump had previously led in Iowa polls in mid-September. (Jinshi)
Next news:This week, the total net inflow of Bitcoin spot ETFs in the United States is $2.22 billion.
Next news:Simon, the CEO of Moonrock Capital, stated that he recently learned about a leading project that raised nearly nine figures in funding. After wasting more than a year conducting due diligence with Binance, they finally received an invitation to list, with Binance requesting 15% of the total token supply. Coinbase CEO Brian mentioned that listing on Coinbase is free. However, Andre Cronje countered, stating that Binance did not charge them any fees, while Coinbase requested $300 million, $50 million, and $30 million, with the most recent request being $60 million (suspected to refer to the Fantom FTM token).
Next news:According to data from Coinglass, the total liquidation across the network in the past 24 hours amounted to $219 million, with long positions liquidated at $201 million and short positions liquidated at $17.67 million. Among these, Bitcoin saw liquidations of $45.73 million, while Ethereum had liquidations of $24.21 million.
Next news:Just before a hotly contested US election considered a toss-up, options traders across markets appear to be reducing risk and bracing for more volatility. Equity options volatility climbed through most of October even as the market’s swings were muted, in anticipation of not just the upcoming election but also earnings season and a Federal Reserve interest-rate decision. The race between Kamala Harris and Donald Trump is too close to call in the final days before the vote.
Next news:Asia's weekly TOP10 crypto news (Oct 28 to Nov 3) Hong Kong Considers Tax Incentives for Crypto Investments, HKEX to Launch Virtual Asset Index Series, Japan’s First Meme-Based Crypto Asset PEPE Listed on BitPoint, Thai Police Allegedly Extort Chinese National, Demand USDT Payment and more
Next news:An exploiter stole over $4 million from crypto casino Metawin's Ethereum and Solana hot wallets by exploiting the protocol's frictionless withdrawal system. The stolen funds have been transferred to Kucoin and a HitBTC nested service. Metawin's withdrawals were temporarily disabled but have since been re-enabled. The authorities have been contacted. Metawin CEO Richard Skelhorn stated that they will make internal adjustments to keep the players happy and prevent future hacks.
Next news:The Telegram ecosystem trading application Blum has announced that it has received an investment from The Open Platform, with the specific amount not disclosed. It is reported that this investment transaction took place after Blum secured funding from Binance Labs Fund. The new funds will expand Blum's trading services across multiple blockchains and enhance its influence on TON and Telegram.
Next news:According to Protos, Craig Wright, also known as "Satoshi Nakamoto," claims he is unable to attend the court meeting in December due to severe autism, along with his Christmas schedule. He was previously accused of contempt of court in a legal filing submitted by the Crypto Open Patent Alliance (COPA). The law firm Bird and Bird, representing COPA, stated that Craig Wright violated his injunction after deleting online notifications and filing lawsuits against Jack Dorsey's Square Up and $BTC Core. Additionally, COPA is seeking to suspend Wright's lawsuits and halt related court proceedings until the contempt of court case is resolved. COPA attorney Jonathan Hough stated, "Wright is attempting to evade the consequences of his actions. He may want to avoid the police or prevent being detained."

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.