SoSo Daily Jan 8 | Bitcoin drops below 100,000 USDT

According to sosovalue, the price of $BTC is 96,922 USD, a decrease of 5.2% from yesterday. The market cap of $BTC is 1.92 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 60.24 billion USD, making up 32.7% of the total trading volume.
The price of $ETH is 3,380.7 USD, down 8.32% from yesterday; the market cap of $ETH is 407.28 billion USD, representing 11.5% of the total market cap; $ETH's 24-hour trading volume is 32.47 billion USD, comprising 17.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.3% 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 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Ruby Protocol. As of 23:50 today, its market cap is 12.22K, with a coin price of 0.00014600 USD, witnessing a 24-hour increase of 118%.
The second is MAX. As of 23:50 today, its coin price is 0.14134 USD, with a 24-hour increase of 71.1%.
The third is Prism. As of 23:50 today, its coin price is 0.0025000 USD, showing a 24-hour increase of 60.2%.
In fourth place is PolySwarm. As of 23:50 today, its coin price is 0.10423 USD, with a 24-hour rise of 52.6%.
In fifth place is Lifeform. As of 23:50 today, its coin price is 0.019210 USD, increasing by 47.5% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin falls below 100,000 USDT
Next news:The chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, announced that he will resign on Inauguration Day.
Next news:Ethereum falls below 3600 USDT
Next news:BTC has broken through $102,000, with a daily drop of 0.14%. According to a PANews report on January 7, the OKX market shows that $BTC has just surpassed $102,000, with the current trading price at $102,010.10, down 0.14% for the day.
Next news:

According to Foresight News and Bitget market data, SONIC opened at $2.40 and is currently priced at $0.70. As the exclusive Launchpool partnership platform for Sonic SVM (SONIC), Bitget's current Launchpool is now open for investment, with a total prize pool of 7.80 million SONIC. The lock-up period is from January 7, 20:00 to January 10, 20:00 (UTC+8).

According to Foresight News and Bitget market data, SONIC opened at $2.40 and is currently priced at $0.70. As the exclusive Launchpool partnership platform for Sonic SVM (SONIC), Bitget's current Launchpool is now open for investment, with a total prize pool of 7.80 million SONIC. The lock-up period is from January 7, 20:00 to January 10, 20:00 (UTC+8).

Next news:A judge in the New York District Court has approved Coinbase's request for an interlocutory appeal, pausing the lawsuit by the U.S. Securities and Exchange Commission (SEC) against the exchange. Judge Katherine Polk Failla granted this request in an opinion and order on Tuesday. Interlocutory appeals are typically filed before a judge makes a final decision and are rarely approved. The case will be handed over to the Second Circuit Court of Appeals. The SEC sued Coinbase in 2023, accusing it of operating as an unregistered exchange, broker, and clearing agency, and raised objections to its staking and wallet services. Judge Failla had previously sided with Coinbase regarding the wallet aspect and dismissed the SEC's claims. Coinbase appealed in April, claiming there were significant disagreements in opinions. Judge Failla stated that due to the differing views on the applicability of the Howey test to crypto assets, guidance from the Second Circuit Court is needed. Coinbase's Chief Policy Officer Faryar Shirzad called this decision a setback for the SEC. The SEC declined to comment.
Next news:Ripple is working to enhance the decentralized finance (DeFi) utility of its RLUSD stablecoin by integrating with Chainlink's standard. This move is part of Ripple's broader strategy to expand its presence in the DeFi space. The integration aims to improve the functionality and adoption of RLUSD in various DeFi applications.
Next news:In the past 24 hours, there has been a liquidation of $205.00 million across the entire network, with short positions liquidating $113.00 million.
Next news:Wu reported that the RWA stablecoin protocol Usual announced the launch of the "Revenue Switch" mechanism. This mechanism will be activated when more than 50% of USUAL tokens are staked as USUALx, or it will automatically activate on February 1, 2025. Once activated, the protocol will distribute up to 5 million USD per month in total revenue to USUALx stakers in the form of USD0. Rewards are only available to users who continuously stake throughout the entire monthly cycle; withdrawing partway through will result in the loss of eligibility for that period's earnings.
Next news:

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.