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SoSo Daily Mar 11 | The price of Bitcoin has fallen below 80 thousand dollars, intensifying the sell-off in the cryptocurrency market.

$BTC
$ETH
SoSo Newsletter
2KWords
Mar 11, 2025

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 10, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.67 trillion US dollars, witnessing a decrease of 4.07% compared to yesterday; the total trading volume is 164.85 billion US dollars, marking an increase of 70% from the previous day.


Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 78,508 USD, a decrease of 2.76% from yesterday. The market cap of $BTC is 1.56 trillion USD, accounting for 58.3% of the total market cap; $BTC's 24-hour trading volume is 57.51 billion USD, making up 34.9% of the total trading volume.


The price of $ETH is 1,862.3 USD, down 7.83% from yesterday; the market cap of $ETH is 224.60 billion USD, representing 8.41% of the total market cap; $ETH's 24-hour trading volume is 35.92 billion USD, comprising 21.8% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 66.71% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.7% 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 NEIRO. As of 23:50 today, its market cap is 12.60K, with a coin price of 0.000012602 USD, witnessing a 24-hour increase of 433%.
The second is NEUR. As of 23:50 today, its coin price is 0.0033252 USD, with a 24-hour increase of 73.2%.
The third is RARE. As of 23:50 today, its coin price is 0.099900 USD, showing a 24-hour increase of 38.4%.
In fourth place is RAD. As of 23:50 today, its coin price is 0.93500 USD, with a 24-hour rise of 35.5%.
In fifth place is IOST. As of 23:50 today, its coin price is 0.0052280 USD, increasing by 33.2% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, all 16 sectors are down today. Notably, the DePIN, $ETH, and AI sectors are worth mentioning.



DePIN Sector


The DePIN sector has fallen by 6.82% relative to the UTC 0 time, led by declines in ROAM (-30.8%), flt (-22.1%), and shdw (-18.6%).




$ETH Sector


The $ETH sector has decreased by 7.84% relative to UTC 0, with $eth (-7.84%) leading the drop.




AI Sector


The AI sector has fallen by 7.92%, with ASI (-25.1%), SEKOIA (-24%), and VADER (-20.7%) leading the decline.





Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The price of Bitcoin has fallen below 80 thousand dollars as the sell-off in the cryptocurrency market intensifies, deteriorating market sentiment.
Next news:

According to Foresight News and data from Coinglass, in the past 24 hours, the total liquidation across the network was $670 million, with long positions liquidated at $510 million and short positions at $160 million. Among these, Bitcoin liquidations amounted to $271 million, while Ethereum liquidations reached $115 million.

According to Foresight News and data from Coinglass, in the past 24 hours, the total liquidation across the network was $670 million, with long positions liquidated at $510 million and short positions at $160 million. Among these, Bitcoin liquidations amounted to $271 million, while Ethereum liquidations reached $115 million.


Next news:Ethereum falls below 1900 USDT
Next news:Coinbase is set to introduce round-the-clock trading for Bitcoin and Ethereum futures in the United States. This move aims to provide investors with continuous access to cryptocurrency markets, enhancing trading flexibility and potentially increasing market participation.
Next news:The price of $BTC has fallen below $81,000, down 2.54% for the day. According to a PANews report on March 10, the OKX market shows that $BTC has just dropped below $81,000, with the current trading price at $80,959.10, down 2.54% for the day.
Next news:Rex Shares and Osprey Funds have filed for a new exchange-traded fund (ETF) named MOVE. This ETF aims to provide investors with exposure to market volatility. The filing indicates a growing interest in products that allow investors to hedge against or capitalize on market fluctuations.
Next news:Pakistan plans to utilize blockchain technology to process billions of dollars in remittances from abroad. Government advisors state that this initiative aims to enhance the efficiency and transparency of remittances, reduce transaction costs, and strengthen the regulation of fund flows. The application of blockchain technology could have a profound impact on Pakistan's financial system, attracting more overseas capital inflow.
Next news:The acting chairman of the U.S. Securities and Exchange Commission (SEC), Mark Uyeda, is withdrawing proposals regarding cryptocurrency trading platforms.
Next news:

The Movement Network Foundation has announced that the Beta version of the Movement public mainnet is now live. The MOVE token is the native gas token of the Movement Network. Furthermore, according to the official roadmap, the rapid finality mechanism of the Movement Network is set to launch soon, along with other features currently under development, including a decentralized shared sequencer.


Next news:

According to Wu, MyShell issued a statement stating that on March 7, they received a notification from the Binance team regarding abnormal activities involving their market maker. In response, MyShell immediately terminated its relationship with the market maker and brought in several new partners to ensure stable liquidity. All Binance accounts associated with the market maker have been suspended, and all remaining assets will be transferred to the new market maker. Furthermore, all stablecoins sold by the market maker will be used to repurchase SHELL within 90 days.



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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