SoSo Daily Nov 15 | Bitcoin falls below 90,000 USDT

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on November 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.01 trillion US dollars, witnessing a decrease of 4.05% compared to yesterday; the total trading volume is 295.53 billion US dollars, marking a decline of 28.4% from the previous day.

According to sosovalue, the price of $BTC is 87,284 USD, a decrease of 3.42% from yesterday. The market cap of $BTC is 1.73 trillion USD, accounting for 57.3% of the total market cap; $BTC's 24-hour trading volume is 98.89 billion USD, making up 33.5% of the total trading volume.
The price of $ETH is 3,058.5 USD, down 4.04% from yesterday; the market cap of $ETH is 368.31 billion USD, representing 12.2% of the total market cap; $ETH's 24-hour trading volume is 36.93 billion USD, comprising 12.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 46% 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 DappRadar (RADAR). As of 23:50 today, its market cap is 12.78M, with a coin price of 0.010160 USD, witnessing a 24-hour increase of 124%.
The second is Prosper (PROS). As of 23:50 today, its market cap is 42.63M, with a coin price of 0.92300 USD, witnessing a 24-hour increase of 88.1%.
The third is XEN Crypto (XEN). As of 23:50 today, its market cap is 23.98M, with a coin price of 0.00000016040 USD, showing a 24-hour increase of 56.5%.
In fourth place is DEAPCOIN (DEP). As of 23:50 today, its market cap is 41.84M, its coin price is 0.0015200 USD, with a 24-hour rise of 52.6%.
In fifth place is Nimiq (NIM). As of 23:50 today, its market cap is 46.26M, its coin price is 0.0036868 USD, increasing by 45.2% 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, 2 are up and 14 are down. Notably, Payment and Meme sectors are worth mentioning.
Payment sector has risen 7.38% relative to the UTC 0 time, led by gains in NIM (42.7%), XRP (12%), and CLV (11.3%).
DePIN sector has decreased -5.82% relative to UTC 0, with CLORE (-15.5%), HONEY (-15.4%), and NODL (-14.2%) leading the drop.
Meme sector has fallen -7.53%, with DOGE (-24.5%), LUCE (-20.6%), and STRUMP (-19.1%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin's price has fallen below 90,000 USDT, marking a new low in nearly a month.
Next news:A Pennsylvania lawmaker has introduced a bill that would allow the state treasurer to invest in bitcoin and crypto ETFs as a hedge against inflation. The bill, called the Strategic Bitcoin Reserve Act, is cosponsored by Republican Reps. Mike Cabell and Aaron Kaufer. It would enable Pennsylvania's state treasurer to invest in bitcoin, digital assets, and crypto-based exchange-traded products. The bill is similar to one introduced by U.S. Sen. Cynthia Lummis called the BITCOIN Act, which outlines a pathway for U.S. states and federal agencies to hold bitcoin.
Next news:U.S. Securities and Exchange Commission Chair Gary Gensler urges crypto exchanges to comply with rules and calls for proper disclosures for securities. Gensler's time leading the agency may be coming to an end.
Next news:Stablecoin issuer Tether has launched a real-world asset tokenization platform called Hadron, allowing users to tokenize various assets. The platform aims to offer a wide range of asset types, including stocks, bonds, stablecoins, and loyalty points. Tether CEO Paolo Ardoino stated that the platform makes asset tokenization easier, secure, and scalable. This move represents Tether's diversification from its core business of issuing the USDT stablecoin.
Next news:The Royal Government of Bhutan transferred approximately 365 $BTC ($33.3 million) to a deposit address of crypto exchange Binance on Thursday, with bitcoin hovering around all-time highs of over $90,000. Bhutan has potentially offloaded nearly $100 million worth of bitcoin amid the recent price rally. The move was initially noted by the blockchain analytics platform Onchain Lens. Bhutan still holds some 12,206 $BTC, which is currently valued at around $1.12 billion. Bhutan’s balance makes it the fifth-largest known nation-state holder of bitcoin.
Next news:Venture firm Portal Ventures is set to close a $75 million fund geared towards investing in pre-seed crypto startups, raising its total amount to $115 million. The fund focuses on ground-level opportunities and emphasizes supporting startups from the beginning. Portal's backers include prominent figures in the crypto industry. The partners plan to expand their investments into tokenizable commodities and related infrastructure.
Next news:Franklin Templeton expands tokenized money market fund to Ethereum
Next news:Constellation Labs, operating as Caldera, has acquired Hook, the development team behind the now-shuttered Hook Odyssey protocol. The acquisition will help Caldera build Metalayer, an Ethereum rollup infrastructure platform designed to unify the fragmented Layer 2 and Layer 3 ecosystems. Caldera is focused on building Metalayer amid Ethereum Foundation researcher Justin Drake's new consensus layer upgrade proposal, known as 'Beam Chain.'
Next news:The DeFi platform Folks Finance has completed a $3.20 million Series A funding round, bringing its valuation to $75 million. This round was led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures, and others.
Next news:Elon Musk stated that the Department of Government Efficiency (DOGE) still has many opportunities for growth. He believes that the technology and community behind DOGE are very strong and can achieve greater success in the future.

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.