SoSo Daily Jan 11 | U.S. employment growth in December exceeded expectations.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on January 10, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.45 trillion US dollars, witnessing an increase of 0.704% compared to yesterday; the total trading volume is 169.29 billion US dollars, marking a decline of 6.97% from the previous day.
According to sosovalue, the price of $BTC is 94,726 USD, an increase of 2.35% from yesterday. The market cap of $BTC is 1.88 trillion USD, accounting for 54.4% of the total market cap; $BTC's 24-hour trading volume is 61.14 billion USD, making up 36.1% of the total trading volume.
The price of $ETH is 3,267.7 USD, up 1.51% from yesterday; the market cap of $ETH is 393.67 billion USD, representing 11.4% of the total market cap; $ETH's 24-hour trading volume is 27.07 billion USD, comprising 16% 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 52.1% 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 PIPPIN. As of 23:50 today, its market cap is 245.29M, with a coin price of 0.24530 USD, witnessing a 24-hour increase of 83.1%.
The second is ChainGPT. As of 23:50 today, its coin price is 0.37846 USD, with a 24-hour increase of 78.7%.
The third is Quantstamp. As of 23:50 today, its coin price is 0.0012082 USD, showing a 24-hour increase of 54.6%.
In fourth place is Dolos The Bully. As of 23:50 today, its coin price is 0.062564 USD, with a 24-hour rise of 52.8%.
In fifth place is Opus. As of 23:50 today, its coin price is 0.024493 USD, increasing by 40.9% 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, 15 are up and 1 is down. Notably, AI, Meme, and PayFi sectors are worth mentioning.
AI sector has risen 3.87% relative to the UTC 0 time, led by gains in pippin (94.5%), cgpt (76.6%), and opus (36.6%).
Meme sector has increased 3.57% relative to UTC 0, with pippin (94.5%), BULLY (54.4%), and opus (36.6%) leading the rise.
PayFi sector has risen 3.43%, with tpt (15.9%), ecox (13.4%), and nim (8.24%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:In December, the United States added 256 thousand jobs, far exceeding the expected 160 thousand.
Next news:Bybit, a cryptocurrency exchange, has announced a temporary suspension of its trading services in India. This decision is attributed to regulatory challenges in the country. The halt in operations reflects the ongoing complexities and uncertainties in the Indian cryptocurrency regulatory landscape.
Next news:Rohit Chopra, the Director of the U.S. Consumer Financial Protection Bureau, is pushing for the formulation of stablecoin regulations at the last moment.
Next news:Kenya is reportedly preparing to legalize cryptocurrencies, marking a significant policy shift. This move is expected to impact the financial landscape in the country, potentially boosting innovation and attracting investment. The decision aligns with global trends of embracing digital currencies.
Next news:
According to a report from Shenchao TechFlow on January 10, based on CME's "FedWatch" data, there are 19 days until the next FOMC meeting. The probability of the Federal Reserve cutting interest rates by 25 basis points in January is 2.7%, while the probability of maintaining the current rate is 97.3%. The probability of the Fed cumulatively cutting rates by 50 basis points by March is 0.7%, the probability of a cumulative cut of 25 basis points is 28.2%, and the probability of maintaining the current rate is 71%.
Next news:Binance will launch AIXBT, CGPT, and COOKIE.
Next news:
According to HTX market data, Bitcoin briefly dipped below $93,000, reaching $92,835, and is currently reported at $93,287, with a 24-hour increase of 1.23%.
Next news:
According to Foresight News, the AI-driven, Bitcoin-centric education group Genius Group has announced an additional purchase of 5 million dollars' worth of Bitcoin, bringing its Bitcoin reserves to 372 Bitcoins, with a total value of 35 million dollars and an average purchase price of 94,047 dollars per Bitcoin.
Next news:
Privasea AI has announced the completion of its Series A financing, raising a total of 15 million USD across three rounds. The investors include GSR, Amber, and Echo, with early-stage investment firms such as Binance Labs, OKX Ventures, and Gate. The new funds will be used to accelerate the development of AI Agents and the release of the DeepSea mainnet. The Beta version of the DeepSea testnet was launched on January 6, 2025.
Next news:
According to TechFlow, on January 10, influenced by the release of employment data, U.S. short-term interest rate futures fell, with traders erasing bets on a second rate cut by the Federal Reserve this year and expecting a rate cut in 2025, potentially as early as June.
Previous report indicated that the U.S. unemployment rate in December was 4.1%, and the seasonally adjusted non-farm payrolls for December recorded 256 thousand.
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.