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SoSo Daily Jan 18 | The price of Bitcoin today once broke through 103 thousand US dollars.

SoSo Newsletter
3KWords
Jan 18, 2025


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 11:59 PM on January 17, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.82 trillion US dollars, witnessing an increase of 2.94% compared to yesterday; the total trading volume is 208.78 billion US dollars, marking a rise of 15% from the previous day.




According to sosovalue, the price of $BTC is 104,090 USD, an increase of 4.11% from yesterday. The market cap of $BTC is 2.06 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 73.78 billion USD, making up 35.3% of the total trading volume.
The price of $ETH is 3,472.3 USD, up 4.96% from yesterday; the market cap of $ETH is 418.41 billion USD, representing 11% of the total market cap; $ETH's 24-hour trading volume is 28.41 billion USD, comprising 13.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.9% 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 Solv Protocol. As of 23:50 today, its market cap is 195.70M, with a coin price of 0.13200 USD, witnessing a 24-hour increase of 326%.
The second is Onyxcoin. As of 23:50 today, its coin price is 0.010710 USD, with a 24-hour increase of 154%.
The third is SynFutures. As of 23:50 today, its coin price is 0.062550 USD, showing a 24-hour increase of 68.2%.
In fourth place is DAO Maker. As of 23:50 today, its coin price is 0.47900 USD, with a 24-hour rise of 57.9%.
In fifth place is Roco Finance. As of 23:50 today, its coin price is 0.11690 USD, increasing by 55.5% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the Meme, DeFi, and Others sectors are worth mentioning.


Meme Sector


The Meme sector has risen by 9.99% relative to the UTC 0 time, led by gains in SPX (51.2%), toshi (41.9%), and vinu (34.6%).


DeFi Sector


The DeFi sector has increased by 7.52% relative to UTC 0, with xcn (114%), dfi (69.9%), and F (61.2%) leading the rise.


Others Sector


The Others sector has risen by 6.96%, with SOLV (319%), dao (72.8%), and gxa (40.2%) leading the rise.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to OKX market data, the price of Bitcoin today once broke through 103 thousand USD, with a 24-hour increase of 4.37%, currently reported at 102,546 USD. The total liquidation amount across the network in the past 24 hours is 298 million USD, of which long positions accounted for 143 million USD and short positions accounted for 155 million USD.


Next news:Boerse Stuttgart Digital has received a MiCA license from Germany, marking a significant step in the regulation of digital assets in the country. This license allows the company to operate under the new regulatory framework established by the Markets in Crypto-Assets (MiCA) regulation, which aims to provide legal clarity and consumer protection in the crypto market. The move is part of Germany's broader effort to embrace digital finance and ensure a secure environment for investors.
Next news:

According to Wu, it has been reported by Slow Mist @im23pds that a recent data breach has been detected involving third-party services used by leading exchange platforms, affecting a large amount of employee information, including sensitive data such as email addresses and passwords. The relevant situation has been communicated to the concerned parties for handling. Be cautious of phishing emails and social engineering attacks, avoid clicking on unknown links or providing account information; promptly change passwords for high-risk accounts and avoid reusing passwords; enable two-factor authentication (2FA) to enhance account security; if there are any unusual logins or suspicious transactions, please verify and take security measures as soon as possible.


Next news:

According to OKX market data, $BTC has surpassed 105,000 USDT, currently reported at 105,044.5 USDT, with a 24H increase of 5.55%. (This news is generated with AI assistance)


Next news:Wu Shuo has learned that the U.S. Securities and Exchange Commission has charged Digital Currency Group and its subsidiary Genesis Global Capital, alleging that they concealed the actual situation by disseminating false or misleading information after suffering significant financial risks due to the default of Three Arrows Capital in 2022.
Next news:SOL breaks through 220 USDT
Next news:

The cryptocurrency market data provider SoSoValue plans to airdrop 49 million SOSO tokens in the first quarter of 2025, accounting for 4.9% of the total supply. Most of the airdrop allocation comes from the platform's 30% ecosystem allocation and will be distributed through three methods: 4 million tokens will be distributed through the Bybit Launchpool platform, 15 million tokens will be distributed through a token generation event (PoW), and 30 million tokens will be allocated for PoS rewards from January 25 to February 25. Additionally, SoSoValue will launch the token on Ethereum next week, with Bybit being the first to list and support subsequent expansions to other platforms. (The Block)


Next news:

According to Blockspace, currently, seven states in the United States have proposed legislation related to "strategic Bitcoin reserves," with varying content and implementation methods. Oklahoma and New Hampshire allow investments in digital assets with a market value exceeding 500 billion USD (essentially covering only Bitcoin); Wyoming's legislation permits the use of state funds to purchase Bitcoin but limits it to 3% of the total fund amount; Texas has two proposals, one allowing 1% of the state budget surplus to be invested in Bitcoin, and the other only permitting Bitcoin donations; Pennsylvania and Ohio have also proposed allowing state funds to directly invest in Bitcoin, but the specific terms are limited. Additionally, North Dakota has only passed a resolution supporting digital asset investment and has not yet formed a formal bill.


Next news:Bitcoin's price reached $105,000 in 2025, setting a new record, driven by market expectations of Trump's imminent inauguration. Investors have high hopes for potential executive orders related to digital assets that the new government may issue, which could further boost the market. Bitcoin rose 5.2% during U.S. trading hours, lifting the CoinDesk 20 index higher. Crypto-related stocks such as MicroStrategy and Coinbase also saw gains. The market is optimistic about Trump's post-inauguration crypto policy, anticipating that he will elevate digital assets as a national priority and possibly establish a Bitcoin reserve.
Next news:

Today, the cryptocurrency sector of the US stock market experienced a general rise before the market opened, with MicroStrategy increasing by 3.3%.


According to Trader T's monitoring, the cryptocurrency sector of the US stock market is generally rising before opening today:



  • MICROSTRATEGY: +3.3%

  • ISHARES BITCOIN TRUST: +1.2%

  • COINBASE GLOBAL: +2.2%

  • RIOT PLATFORMS: +2.6%

  • CLEANSPARK: +3.1%

  • MARA HOLDINGS: +3%



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.

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