SoSo Daily Apr 1 | BlackRock CEO Warns of Dollar's Reserve Currency Risk to Bitcoin
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 31, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.76 trillion US dollars, witnessing a decrease of 1.98% compared to yesterday.
The total trading volume is 108.04 billion US dollars, marking an increase of 70.9% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 82,550 USD, an increase of 0.194% from yesterday. The market cap of $BTC is 1.64 trillion USD, accounting for 59.3% of the total market cap; $BTC's 24-hour trading volume is 30.45 billion USD, making up 28.2% of the total trading volume.
The price of $ETH is 1,822 USD, up 0.789% from yesterday; the market cap of $ETH is 219.84 billion USD, representing 7.95% of the total market cap; $ETH's 24-hour trading volume is 17.05 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.25% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.0% 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 Gunz. As of 23:50 today, its market cap is 46.58M, with a coin price of 0.077060 USD, witnessing a 24-hour increase of 157%.
The second is OAX. As of 23:50 today, its coin price is 0.029330 USD, with a 24-hour increase of 76.4%.
The third is Petals. As of 23:50 today, its coin price is 0.0000048400 USD, showing a 24-hour increase of 51%.
In fourth place is WeSendit. As of 23:50 today, its coin price is 0.0029790 USD, with a 24-hour rise of 41.5%.
In fifth place is Vine Coin. As of 23:50 today, its coin price is 0.047840 USD, increasing by 39.5% 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, 6 are up and 10 are down. Notably, SocialFi, PayFi, and NFT sectors are worth mentioning.
SocialFi Sector
The SocialFi sector has risen by 4.4% relative to the UTC 0 time, led by gains in pts (40.4%), bbl (15.4%), and kin (12.2%).
PayFi Sector
The PayFi sector has decreased by 2.05% relative to UTC 0, with RUBY (-10.4%), ltc (-3.65%), and tel (-3.56%) leading the drop.
NFT Sector
The NFT sector has fallen by 2.96%, with MOCA (-16.3%), orb (-13.3%), and PENGU (-9.01%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:BlackRock CEO Larry Fink warns that the U.S. risks losing its world reserve currency status to digital assets like bitcoin if it doesn't control its debt. He highlights the rapid growth of national debt and the potential for digital assets to undermine the dollar's dominance. Fink praises decentralized finance for its innovation but cautions that it could challenge America's economic advantage. He also discusses BlackRock's successful Bitcoin ETF and the potential of tokenization to revolutionize investing by enabling fractional ownership and faster transactions. Fink emphasizes the need for innovation to expand investment opportunities and reassures investors of the economy's resilience.
Next news:Strategy, formerly known as MicroStrategy, has acquired an additional 22,048 $BTC for approximately $1.92 billion, bringing its total holdings to 528,185 BTC. The purchase was made at an average price of $86,969 per bitcoin between March 24 and March 30. The company now holds over $43 billion worth of bitcoin, bought at an average price of $67,458 per bitcoin. The acquisitions were funded through the sale of MSTR and STRK shares. Strategy's market cap trades at a premium to its bitcoin net asset value, with some investor concerns about its valuation. However, analysts believe the firm's leverage is manageable, with predictions that its bitcoin holdings could double by 2033. MSTR stock has seen a decline recently, affected by market conditions and inflation data.
Next news:
According to Wu, Coinbase will support two assets, doginme (DOGINME) and Keyboard Cat (KEYCAT), on the Base network. Please do not transfer via other networks, as this may result in the loss of funds. Trading will begin on April 1, 2025, at 9 AM (Pacific Time), provided that liquidity conditions are met.
Next news:Brazil has banned its main pension funds from investing in cryptocurrencies. The Brazilian government has decided to prohibit the country's major pension funds from investing in cryptocurrencies. This decision aims to protect investors from the high volatility and potential risks of the cryptocurrency market. This move may affect the investment strategies of pension funds and spark further discussions on the regulation of the cryptocurrency market.
Next news:
According to a report by Fortune, Circle, the issuer of USDC, is advancing its initial public offering (IPO) plans and has hired JPMorgan and Citigroup as underwriters. It is expected to submit its public offering documents by the end of April, targeting a valuation of $4 billion to $5 billion. Circle previously attempted to go public through a SPAC in 2021, but the plan was ultimately shelved due to regulatory disapproval. The current market environment and the advancement of stablecoin legislation are seen as favorable factors. Last year, Circle generated $226 million in revenue from USDC in the fourth quarter, and the current market capitalization of USDC is approximately $60 billion.
Next news:0xbow has launched a new blockchain privacy tool called "Privacy Pools," inspired by the research of Vitalik Buterin. The system aims to facilitate private transactions on public blockchains such as Ethereum through zero-knowledge proofs, while ensuring compliance. Privacy Pools allow users to publicly isolate illicit funds without exposing specific deposits. Unlike previous mixers, Privacy Pools introduce consortium providers to prevent bad funds from entering the mixing pool. The protocol is based on a paper co-authored by Buterin and other researchers in 2023.
Next news:
According to TechFlow news on March 31, data from Jinshi shows that at the opening of the US stock market, the Dow Jones fell by 0.48%, the S&P 500 index fell by 1.12%, and the Nasdaq fell by 1.6%. Tesla (TSLA.O) dropped by 5.45%, and Trump Media & Technology Group fell by 2.77%.
Next news:
According to Wu's report, on-chain data shows that 13 minutes ago, CZ publicly addressed 0x288...9307 and sent 1.95 million USD worth of 45.58 million TUT, as well as 1.10 million USD worth of BROCCOLI (caAb) and 546 thousand USD worth of BROCCOLI (6714) to a burn address.
Next news:Binance's financial products, including contracts, will launch GUN.
Next news:
According to Deep Tide TechFlow, on March 31, Whale Alert monitored that Tether Treasury minted 1 billion USDT on the Tron network 2 minutes ago.
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.