SoSo Daily Dec 6 | Bitcoin fell below 98,000 USDT.

According to sosovalue, the price of $BTC is 97,932 USD, a decrease of 0.561% from yesterday. The market cap of $BTC is 1.94 trillion USD, accounting for 51.1% of the total market cap; $BTC's 24-hour trading volume is 194.76 billion USD, making up 38.7% of the total trading volume.
The price of $ETH is 3,861.2 USD, up 1.25% from yesterday; the market cap of $ETH is 465.06 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 64.93 billion USD, comprising 12.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 63.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.6% 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 02:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is XION. As of 02:00 today, its market cap is 0E-8, with a coin price of 6.4650 USD, witnessing a 24-hour increase of 223%.
The second is SafeMoon. As of 02:00 today, its coin price is 0.000092250 USD, with a 24-hour increase of 188%.
The third is Veno Finance. As of 02:00 today, its coin price is 0.065540 USD, showing a 24-hour increase of 76.4%.
In fourth place is Supra. As of 02:00 today, its coin price is 0.016002 USD, with a 24-hour rise of 60.8%.
In fifth place is Morpho Token. As of 02:00 today, its coin price is 2.4139 USD, increasing by 58.7% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, AI, DePIN, and Others sectors are worth mentioning.
AI sector has risen 15.4% relative to the UTC 0 time, led by gains in fartcoin (50.4%), ZEREBRO (38.2%), and vvaifu (32%).
DePIN sector has increased 8.53% relative to UTC 0, with lamb (33.8%), shdw (32%), and lpt (26.8%) leading the rise.
Others sector has risen 5.56%, with qsp (45.3%), jasmy (35.6%), and ngl (26.2%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin falls below 98,000 USDT
Next news:Data: In the past 24 hours, the total liquidation across the network reached 576 million USD, with long positions liquidated amounting to 326 million USD.
Next news:According to Wu, the cryptocurrency wallet Phantom has announced the integration of the Sui blockchain, making it another Layer 1 blockchain supported by Phantom after Solana, Bitcoin, and Ethereum. This integration will provide Sui users with a high-quality wallet experience that includes features such as staking, built-in token swaps, NFT storage, multi-chain support, and hardware wallet integration.
Next news:On December 5th, PANews reported that OKX market data shows $ETH has just dropped below $3,900, with the current trading price at $3,896.13, reflecting a daily increase of 1.96%.
Next news:Cosmos-based Noble has launched USDN, a new dollar-denominated token, using the decentralized stablecoin infrastructure from M^0. This marks a significant step for M^0, which aims to bridge permissioned stablecoin issuance with decentralized networks. M^0, backed by Bain Capital and others, offers a stablecoin extension engine on Ethereum, allowing customization of stablecoins. Noble, an appchain focused on stablecoin transfers across blockchains, has facilitated over $5 billion in transactions. USDN will use $M as its core, promoting Cosmos-native stablecoin adoption and setting new standards for stablecoin design. Unlike USDT and USDC, M^0 shares yield with approved distributors, enhancing liquidity and security as the network grows.
Next news:Sekai, a generative AI storytelling startup, has raised $3.1 million in a seed round led by Hashed. The company uses the Story Protocol to create a collaborative storytelling platform, allowing creators to co-create and protect their intellectual property. Sekai aims to challenge traditional IP structures by combining AI and blockchain technology. The Story Protocol, developed by PIP Labs and backed by a16z, tokenizes intellectual property for the AI era. Sekai's funding round also included participation from a16z CSX, Azuki, Orange DAO, and Zypsy. The startup previously won the ETHDenver hackathon and participated in the a16z CSX accelerator.
Next news:Former U.S. Treasury Secretary Lawrence Summers criticized the idea of establishing a national Bitcoin reserve, calling it "insane." In an interview with Bloomberg Television, Summers stated that there is no reason to do so other than to cater to the donors of special interest groups. He also warned that cutting federal spending according to the plans of billionaire and elected president Donald Trump's ally Elon Musk would face political challenges.
Next news:

According to reports from Wu, WhaleAlert has monitored that around 23:27 Beijing time on December 5, Tether Treasury minted 1 billion USDT on the Ethereum network.

Next news:Coinbase's international platform will launch perpetual contracts for MOODENG, ALGO, SAND, and 1 billion MOG.
Next news:Canadian company Sol Strategies applies for listing on NASDAQ, holding 30 million USD in SOL.

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.