SoSo Daily Dec 30 | Bitcoin falls below 94,000 USDT

According to sosovalue, the price of $BTC is 93,692 USD, a decrease of 1.74% from yesterday. The market cap of $BTC is 1.86 trillion USD, accounting for 54.4% of the total market cap; $BTC's 24-hour trading volume is 28.45 billion USD, making up 28% of the total trading volume.
The price of $ETH is 3,355.6 USD, down 1.4% from yesterday; the market cap of $ETH is 404.24 billion USD, representing 11.8% of the total market cap; $ETH's 24-hour trading volume is 12.44 billion USD, comprising 12.2% 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 40.2% 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 Luna by Virtuals. As of 23:50 today, its market cap is 142.48M, with a coin price of 0.14248 USD, witnessing a 24-hour increase of 53.5%.
The second is AlienX. As of 23:50 today, its coin price is 0.022190 USD, with a 24-hour increase of 40.1%.
The third is Galxe. As of 23:50 today, its coin price is 2.5970 USD, showing a 24-hour increase of 40%.
In fourth place is Adventure Gold. As of 23:50 today, its coin price is 2.4850 USD, with a 24-hour rise of 32.5%.
In fifth place is PIP. As of 23:50 today, its coin price is 0.048190 USD, increasing by 31.5% 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, 0 are up and 16 are down. Notably, DePIN, CeFi, and NFT sectors are worth mentioning.
DePIN sector has fallen -4.5% relative to the UTC 0 time, led by declines in zcn (-11.9%), storj (-11.8%), and cere (-11.3%).
CeFi sector has decreased -4.6% relative to UTC 0, with bgb (-16.3%), solo (-8.39%), and zig (-7.66%) leading the drop.
NFT sector has fallen -5.45%, with taboo (-11.8%), PENGU (-11.3%), and muse (-9.51%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin falls below 94,000 USDT
Next news:MicroStrategy founder Michael Saylor has released Bitcoin Tracker information for the eighth consecutive week, as reported by PANews on December 29. This release is notable because Saylor commented on the 'disturbing' blue line on the website, which typically indicates $BTC price trends. Historically, MicroStrategy has increased its Bitcoin holdings the day after such news is released, marked by a green dot on the website. This pattern suggests a potential upcoming increase in $BTC holdings by MicroStrategy.
Next news:According to Wu, Michele Korver, the head of regulatory affairs at a16z Crypto, tweeted that the new broker reporting rules released by the U.S. Treasury yesterday pose a direct threat to the vision of DeFi and jeopardize the future of DeFi innovation in the U.S. a16z Crypto supports the lawsuit filed by the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council, arguing that the IRS and Treasury have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and are unconstitutional. DeFi builders should be confident that industry lawyers are working hard to protect this technology.
Next news:

Odaily Planet Daily reported that Tether CEO Paolo Ardoino retweeted a post from the co-founder of weRate and the CEO of JAN3 on the X platform, which mentioned that there is a lot of "FUD information" regarding USDT in the current market. However, the reality is that USDT will not be deemed illegal in Europe on December 30, 2024. The MiCA regulations need to be adhered to, but stablecoin service providers have a transition period of 6-18 months, and some exchanges are waiting for clear information.

Next news:

According to TechFlow news, on December 30, Moonshot Listings monitored that Moonshot has listed neur.sh (NEUR).

According to GMGN data, NEUR's market capitalization is currently reported at 34.30 million, with a 24H increase of 65.08%.

Next news:Data released by IntoTheBlock shows that the proportion of long-term holders of Bitcoin has decreased over the past year, while the proportion of long-term holders of Ethereum has increased and surpassed Bitcoin at the beginning of the year. Currently, the proportion of long-term holders of Bitcoin is 62.31%, while the proportion of long-term holders of Ethereum is 75.06%.
Next news:According to Wu, Gavin Wood stated in the 2024 annual summary that Polkadot has entered a watershed period, with its core goal shifting from achieving the product objectives outlined in the white paper to optimizing and enhancing stability to better meet market demands. On the technical front, Polkadot has made several significant advancements in 2024, with projects like Mythical Game pushing towards extreme performance in the ecosystem. Additionally, Gavin introduced the Proof-of-Personhood mechanism, aimed at addressing the threats posed by generative AI to the free world, by providing a trustworthy identity solution through the combination of ZK technology, which is planned for launch in 2025.
Next news:In an interview, Joe Doll, the General Counsel of the NFT marketplace Magic Eden, stated that the recently appointed "king of AI and cryptocurrency" David Sacks has only 2 years to promote cryptocurrency-friendly policies before the 2026 U.S. midterm elections. Doll believes that the threat of government gridlock could stifle regulation, and the current administration must implement pro-cryptocurrency policies while still controlling both chambers of Congress. "The House majority is very slim and is likely to flip because it almost always does. So you could be facing a divided government within two years to get things settled. So we have 24 months to push for something significant." (Cointelegraph)
Next news:Bitcoin mining difficulty increased by 1.16% to 109.78 trillion, reaching a historic high. According to data from CloverPool, the Bitcoin mining difficulty was adjusted at block height 876,960 (December 30, 2024, 05:55:37), with a difficulty increase of 1.16%, reaching 109.78 trillion, setting a new record. Currently, the average network hash rate is 754.42 EH/s.
Next news:In 2024, the cryptocurrency market is experiencing a resurgence, with Bitcoin prices surpassing 100 thousand USD, indicating a strong bull market. However, the industry still faces challenges such as legal disputes, regulatory crackdowns, and decision-making errors.

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.