SoSo Daily Nov 4 | Deutsche Telekom will utilize surplus energy for Bitcoin mining.

According to sosovalue, the price of $BTC is 67,824 USD, a decrease of 0.784% from yesterday. The market cap of $BTC is 1.34 trillion USD, accounting for 56.7% of the total market cap; $BTC's 24-hour trading volume is 37.36 billion USD, making up 37.9% of the total trading volume.
The price of $ETH is 2,424.1 USD, down 0.942% from yesterday; the market cap of $ETH is 291.90 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 14.40 billion USD, comprising 14.6% 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 52.5% 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 17:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Vela Token. As of 17:50 today, its market cap is 2.38M, with a coin price of 0.12816 USD, witnessing a 24-hour increase of 454%.
The second is TROY. As of 17:50 today, its market cap is 42.00M, with a coin price of 0.0042000 USD, witnessing a 24-hour increase of 71.8%.
The third is Act I The AI Prophecy. As of 17:50 today, its market cap is 20.94M, with a coin price of 0.022080 USD, showing a 24-hour increase of 49.7%.
In fourth place is BarnBridge. As of 17:50 today, its market cap is 20.90M, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is Super Trump. As of 17:50 today, its market cap is 17.79M, its coin price is 0.0076020 USD, increasing by 35.9% 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, Meme and RWA sectors are worth mentioning.
Meme sector has risen 3.41% relative to the UTC 0 time, led by gains in ACT (47.2%), STRUMP (38%), and MAGA (23.9%).
RWA sector has decreased -2.09% relative to UTC 0, with LMR (-16.7%), mpl (-8.68%), and PRCL (-5.05%) leading the drop.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Wu, Deutsche Telekom, one of the largest telecommunications companies in Europe, will collaborate with Bankhaus Metzler through its subsidiary MMS to operate Bitcoin mining infrastructure using surplus energy. This project aims to provide data support for grid stability by utilizing renewable energy for mining, especially during periods of energy supply fluctuations. The hosting partner, Metis Solutions GmbH, is responsible for managing the mining machines located in Bockenheim.
Next news:Global crypto funds have recorded net inflows of $2.18 billion last week, bringing the year-to-date figures to a record $29.2 billion, according to CoinShares. The inflows were likely driven by the prospect of a Republican victory in the U.S. elections. Total assets under management at the funds have surpassed $100 billion, and weekly trading volumes have surged 67% to $19.2 billion. Bitcoin's price has risen over 30% since September but has fallen around 7% amid recent convergence in election odds. Analysts expect bitcoin to reach all-time highs if Trump wins, but drop to $50,000 if Harris wins. U.S.-based funds dominated net inflows, while Ethereum-based investment products saw modest inflows.
Next news:a16z crypto pledges $23 million to Fairshake PAC for 2026 US midterm pro-crypto candidates
Next news:Standard Chartered-backed Zodia Custody in talks to raise $50 million: Bloomberg
Next news:Binance will launch PONKE perpetual contracts, with a maximum leverage of 75x.
Next news:OSL Group announced that it will acquire an 81.38% stake in the Japanese compliant cryptocurrency exchange CoinBest.
Next news:State of Michigan's state pension fund discloses over $10 million worth of Ethereum ETF holdings
Next news:Sun Yuchen stated that Coinbase had requested a payment of 500 million TRX and a deposit of 250 million USD in $BTC to improve its performance.
Next news:As former President Donald Trump's odds of victory on prediction markets have slipped following a spate of positive polling results for Democrats, even falling briefly below Vice President Kamala Harris' odds of victory on US-regulated market Kalshi, Bitcoin's price has fallen and volatility has widely increased. Forward volatility for $BTC and $ETH spiked overnight, with Bitcoin's volatility now sitting at 80.30%, up from 72.20%, and Ethereum's at 82.92%, up from 75.40%, according to an analysis from Derive.xyz (formerly Lyra) founder Nick Forster. The price of Bitcoin had fallen from a recent high of about $72,600 on Oct. 31 to a low of about $67,500, a 7% drop, before recovering slightly to its current price of about $68,600 at time of publishing, according to The Block's Bitcoin Price Page. If Bitcoin were to hold steady at this price, Forster's analysis projects a 68% chance of the world's largest cryptocurrency rising as high as $75,400 or as low as $62,500 following the election. What's more, Forster predicted a 5% chance of Bitcoin dropping below $57,000 or rising above $83,000 due to the increased forward volatility. Ethereum, which has seen a similar -9.2% drop in price since its value on Oct. 30 to its current value of about $2,450, has a 66% chance of rising as high as $2,700 or falling as low as $2,222, according to Forster's analysis, a slightly wider range than that of Bitcoin. The 5% likelihood case sees the price falling below $2,000 or rising above $2,975. A Standard Chartered analyst also recently predicted high volatility in crypto prices surrounding the U.S. Presidential election on Tuesday.
Next news:Solana had its highest-ever monthly number of active addresses, over 123 million, last month. The surge in activity is driven by the increasing popularity of memecoin trading on the network, supported by platforms like Pump.fun and Raydium. Solana has higher user engagement compared to Ethereum and other EVM chains. Pump.fun had a monthly revenue of over $30.5 million, while Raydium saw over $30 billion worth of trade volume in October. Solana's appeal lies in its low fees and high-performance network. The Goatseus Maximus (GOAT) meme token has also gained popularity on Solana.

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.