SoSo Daily Nov 6 | Asset management company VanEck announced the launch of PYTH ETN.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on November 5, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.42 trillion US dollars, witnessing an increase of 1.14% compared to yesterday; the total trading volume is 116.72 billion US dollars, marking an increase of 9.21% from the previous day.

According to sosovalue, the price of $BTC is 69,374 USD, an increase of 2.25% from yesterday. The market cap of $BTC is 1.37 trillion USD, accounting for 56.7% of the total market cap; $BTC's 24-hour trading volume is 49.54 billion USD, making up 42.4% of the total trading volume.
The price of $ETH is 2,422.2 USD, up 1% from yesterday; the market cap of $ETH is 291.67 billion USD, representing 12% of the total market cap; $ETH's 24-hour trading volume is 18.09 billion USD, comprising 15.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 57.9% 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 Ternoa. As of 23:50 today, its market cap is 6.25M, with a coin price of 0.0036890 USD, witnessing a 24-hour increase of 77.2%.
The second is X Empire. As of 23:50 today, its market cap is 0E-8, with a coin price of 0.000061400 USD, witnessing a 24-hour increase of 69.1%.
The third is BarnBridge. As of 23:50 today, its market cap is 20.90M, with a coin price of 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is Pastel. As of 23:50 today, its market cap is 893.92K, its coin price is 0.000086370 USD, with a 24-hour rise of 43.8%.
In fifth place is Peanut the Squirrel. As of 23:50 today, its market cap is 58.29M, its coin price is 0.058300 USD, increasing by 37.2% 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, Meme, AI, and NFT sectors are worth mentioning.
Meme sector has risen 7.36% relative to the UTC 0 time, led by gains in Pnut (46.5%), GOAT (25.7%), and tremp (19.6%).
AI sector has increased 7.24% relative to UTC 0, with moov (14%), lai (12%), and fet (10.8%) leading the rise.
NFT sector has risen 5.01%, with psl (43.8%), rare (32.3%), and epik (18.2%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Asset management company VanEck has announced the launch of a new PYTH ETN product, allowing investors to trade its assets directly through VanEck. This product will be listed on the Euronext Amsterdam and Euronext Paris exchanges.
Next news:According to TechFlow news, on November 5, as reported by CNN, polling stations in 8 states, including New York, opened at 6 AM Eastern Time (7 PM Beijing Time). The states that are fully open include Connecticut, New Jersey, New York, New Hampshire, and Virginia. The states that are not fully open include Indiana and Kentucky (which open at 7 AM in the Central Time Zone) and Maine (where cities with a population of less than 500 open by 10 AM at the latest).
Next news:Wu said that Swift, UBS, and Chainlink have announced the completion of a pilot program for the subscription and redemption of tokenized funds using the Swift network. This initiative will enable digital asset transactions to be settled through the fiat payment systems of over 11,500 financial institutions across more than 200 countries and regions. The pilot demonstrates the use of blockchain technology for payment processing without the need for the global adoption of on-chain payment methods.
Next news:According to reports from @EmberCN, Wang Chun, co-founder of F2Pool and founder of stakefish, withdrew 9,480 $ETH ($23.13 million) from Binance. He then deposited 6,400 $ETH into Ethereum staking through StakeFish. He currently holds 128,000 $ETH ($312.89 million) across two addresses.
Next news:JUST IN: Jim Cramer says market action suggests traders expect a Kamala Harris win. https://t.co/TWkcY2ZQlf

Next news:According to monitoring by Arkham, Grayscale Bitcoin Trust transferred 700 $BTC to addresses such as Coinbase Prime Deposit.
Next news:According to on-chain analyst @ali_charts, Bitcoin whales have reduced their holdings before the U.S. elections, with the number of addresses holding more than 1,000 $BTC decreasing by 2%.
Next news:According to The Block, Deribit CEO Luuk Strijers stated that approximately 3 billion USD worth of $BTC options will expire on November 8, with strike prices for Bitcoin call options set at $70,000, $75,000, and $80,000, indicating relatively strong bullish sentiment.
Next news:Coinglass data shows that in the past hour, the total liquidation across the network was 17.53 million USD, with long positions liquidating 1.33 million USD and short positions liquidating 16.39 million USD.
Next news:Some Bitcoin analysts see the $BTC price heading above $80,000 immediately if Donald Trump beats Kamala Harris.

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.