Total MarketCap:$00
API
EN
Dark

SearchSSI/Mag7/Meme/ETF/Coin/Index/Charts/Research
00:00 / 00:00
View
    Markets
    Indexes
    NewsFeed
    TokenBar®
    Analysis
    Macro
    Watchlist
Share

SoSo Daily Dec 19 | Bitcoin falls below 103,000 USDT

$BTC
$ETH
SoSo Newsletter
3KWords
Dec 19, 2024

Let's turn our attention to today's overall Crypto market situation.
As of 11:58 PM on December 18, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.65 trillion US dollars, witnessing a decrease of 7.32% compared to yesterday; the total trading volume is 318.41 billion US dollars, marking an increase of 19.3% from the previous day.


Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 100,090 USD, a decrease of 5.61% from yesterday. The market cap of $BTC is 1.98 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 112.50 billion USD, making up 35.3% of the total trading volume.


The price of $ETH is 3,620 USD, down 6.75% from yesterday; the market cap of $ETH is 436.04 billion USD, representing 11.9% of the total market cap; $ETH's 24-hour trading volume is 50.19 billion USD, comprising 15.8% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 66.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.1% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Galaxia (GXA). As of 23:50 today, its market cap is 6.28M, with a coin price of 0.0021417 USD, witnessing a 24-hour increase of 49.9%.
The second is BABB (BAX). As of 23:50 today, its coin price is 0.00013188 USD, with a 24-hour increase of 40.6%.
The third is Liquidswap (LSD). As of 23:50 today, its coin price is 1.1584 USD, showing a 24-hour increase of 37.3%.
In fourth place is Mobius (MOBI). As of 23:50 today, its coin price is 0.011687 USD, with a 24-hour rise of 36%.
In fifth place is Gearbox (GEAR). As of 23:50 today, its coin price is 0.012947 USD, increasing by 35.8% over the last 24 hours.



Crypto Market Sector Performance


According to sosovalue, all 16 sectors are down today. Notably, the following sectors are worth mentioning:



Meme Sector


The Meme sector has fallen by 9.25% relative to the UTC 0 time, led by declines in opus (-33.9%), URO (-24.5%), and popcat (-20%).




PayFi Sector


The PayFi sector has decreased by 9.58% relative to UTC 0, with kasta (-18.3%), pip (-15.8%), and xno (-15.3%) leading the drop.




DePIN Sector


The DePIN sector has fallen by 9.72%, with blz (-47.4%), ncdt (-22.6%), and shdw (-18.6%) leading the decline.





Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin drops below 103,000 USDT
Next news:

QCP analysis indicates that the Federal Reserve will hold its last meeting of 2024 tonight, with expectations of a 25 basis point rate cut during this meeting, as well as the release of the final dot plot for the year. We anticipate that tonight's statement and dot plot will be slightly hawkish, reflecting the stability of U.S. inflation above the Fed's 2% target and a strong labor market. The statement may not make a clear commitment to the rate cut path for 2025 but will emphasize the difficulties of accelerating rate cuts. Meanwhile, the dot plot is expected to reveal plans for three rate cuts in 2025.


Next news:Deutsche Bank plans to launch a blockchain platform called L2, which will be a public and permissioned blockchain. This news was revealed by Deutsche Bank's technology partners.
Next news:

According to Wu, the Federal Reserve announced the interest rate decision (upper limit) at 4.50%, with expectations also at 4.50%, and the previous value was 4.75%.


Next news:

According to TechCrunch, Avara, the development company behind Aave, Lens, and Family, has completed a $31 million financing round, led by Lightspeed Faction, with participation from Alchemy, Circle, Consensys, and others. With Lens, Avara is building a decentralized protocol that serves as infrastructure for social and consumer applications. The Lens v3 version is scheduled to launch on the mainnet in the first quarter of 2025.


Next news:

Odaily Planet Daily News According to on-chain data analyst Yu Jin, another 2 addresses have transferred 21.92 million BLZ (approximately 1.99 million USD) into Binance through the same recharge address previously used. In the last hour, the total amount of BLZ transferred into Binance by this whale/institution has reached 178.40 million (approximately 17.88 million USD), accounting for 36% of the total BLZ supply. Previously reported, possibly influenced by Binance's announcement today to delist BLZ, a certain BLZ whale/institution address transferred 156.50 million BLZ (approximately 15.89 million USD) into Binance in the past half hour, which accounts for 31% of the total BLZ supply (total supply 500 million).


Next news:World Liberty Financial, a DeFi project supported by Donald Trump, is collaborating with Ethena Labs to implement Ethena's yield-bearing token, sUSDe, as collateral on the WLFI protocol. This collaboration aims to leverage Ethena's large TVL and user base. The governance of World Liberty Financial will decide on this measure soon. Despite potential setbacks, both firms are committed to exploring further collaboration opportunities. The announcement follows World Liberty Financial's recent strategic moves, including appointing Justin Sun as an advisor and acquiring $600,000 of ENA tokens. The collaboration is part of World Liberty Financial's broader strategy to democratize access to financial tools and align with crypto interests.
Next news:Plume, a network focused on real-world assets (RWA), has successfully raised $20 million in funding. The investment round was led by Brevan Howard, with participation from other investors. This funding comes as Plume prepares for its mainnet launch. The company was co-founded by Eugene Shen, Chris Yin, and Teddy Pornprinya.
Next news:The Federal Reserve has lowered the federal funds rate by 25 basis points, to a range of 4.25% to 4.50%. This move aligns with the expectations of economists and traders, following a 50 basis point rate cut in September. Fed Chair Jerome Powell will hold a press conference at 2:30 PM. Bitcoin's price immediately surged after the rate cut, with CME Bitcoin futures open interest nearing historical highs and the basis premium reaching 16.4%. QCP Capital analysts noted that despite the rise in spot prices, the options market remains bearish, indicating that traders may be more inclined to hedge risks. The Financial Accounting Standards Board (FASB) recently adopted fair value accounting for Bitcoin, which could stimulate corporate demand for Bitcoin.
Next news:Ethereum falls below 3700 USDT

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.

All You Need to Know in 10s
TermsPrivacy PolicyWhitePaperOfficial VerificationCookieBlog
sha512-gmb+mMXJiXiv+eWvJ2SAkPYdcx2jn05V/UFSemmQN07Xzi5pn0QhnS09TkRj2IZm/UnUmYV4tRTVwvHiHwY2BQ==
sha512-kYWj302xPe4RCV/dCeCy7bQu1jhBWhkeFeDJid4V8+5qSzhayXq80dsq8c+0s7YFQKiUUIWvHNzduvFJAPANWA==