SoSo Daily Apr 6 | Bitcoin remains resilient amid Trump's tariff impacts, while traditional markets plummet.

According to sosovalue, the price of $BTC is 81,942 USD, a decrease of 5.21% from yesterday. The market cap of $BTC is 1.63 trillion USD, accounting for 60% of the total market cap; $BTC's 24-hour trading volume is 50.58 billion USD, making up 34.6% of the total trading volume.
The price of $ETH is 1,777.4 USD, down 5.63% from yesterday; the market cap of $ETH is 214.47 billion USD, representing 7.91% of the total market cap; $ETH's 24-hour trading volume is 22.81 billion USD, comprising 15.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.91% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.2% 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 PumpBTC. As of 23:50 today, its market cap is 13.68M, with a coin price of 0.048000 USD, witnessing a 24-hour increase of 380%.
The second is bAI Fund. As of 23:50 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 23:50 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 23:50 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 23:50 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:After Trump announced global tariffs, traditional financial markets experienced a significant decline, while Bitcoin performed relatively strongly. The Dow Jones, Nasdaq, and S&P 500 indices faced their worst day and week since the summer of 2020. Despite a drop in Bitcoin mining stocks, Bitcoin itself and other cryptocurrencies began to rebound on Friday. Analysts point out that Bitcoin may be evolving into a hedge against the isolation of the U.S. economy, attracting global investors. Nevertheless, due to regulatory uncertainties, institutional investors remain cautious about making large-scale entries into the crypto market. Trump's tariff policy may delay the IPO plans of crypto companies, as macroeconomic uncertainties increase.
Next news:Under the leadership of Cathie Wood, Ark Invest purchased $13.40 million worth of Coinbase shares after the stock price fell by 5%. The ETFs ARKK, ARKW, and ARKF bought 54,988, 15,982, and 12,187 shares of COIN, respectively. COIN is now the second largest holding in ARKF, accounting for 9.4%. Ark Invest also bought COIN shares in March after a significant drop in the stock price.
Next news:Bitcoin has dropped below 83,000 USDT.
Next news:

According to Deep Tide TechFlow, on April 5, as reported by Jinshi Data, Cathie Wood, founder and CEO of Ark Invest, warned on Friday that Trump's new tariffs could push the U.S. economy into recession. Wood mentioned the uncertainty brought by these measures, stating, "The markets are in considerable turmoil." She cautioned that these policies might lead the U.S. into recession. She said, "We know how he calculates his reciprocal tariffs, but it doesn't seem to make much sense." Wood remarked, "We are in the eye of the storm. However, if Trump cares about his political legacy — and we know he does — or is concerned about the midterm election campaign season starting this fall, then the final stretch of this rolling recession may give him and the Federal Reserve more leeway to adjust policies."

Next news:The U.S. Treasury Secretary stated that Bitcoin is gradually being viewed as a store of value. This perspective reflects the increasing status of Bitcoin in the global financial market, with more and more investors and institutions starting to see it as a tool for hedging against inflation and economic uncertainty. Despite Bitcoin's significant price volatility, its decentralized nature and limited supply make it, in the eyes of some investors, a form of digital gold.
Next news:The London police in the UK have partnered with the law firm Gowling WLG to launch a civil asset recovery program. This program primarily targets cases where criminal prosecution is not possible, providing victims of cryptocurrency fraud with an opportunity to recover their assets. Previously, the UK police successfully recovered £520 thousand (approximately $671 thousand) in stolen cryptocurrency for an 80-year-old man as part of a pilot project. This recovery operation was facilitated by updates to the Proceeds of Crime Act 2002, which granted police the power to freeze stolen digital assets. (Decrypt)
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Odaily Planet Daily news The birth date filled in the registration information by Bitcoin creator Satoshi Nakamoto on the P2P Foundation website is April 5, 1975. If this information is true, it means today is Satoshi Nakamoto's 50th birthday. However, this date may not be accurate, as it coincidentally marks the 42nd anniversary of the U.S. government's Executive Order 6102, which prohibited private ownership of gold in order to stabilize the dollar, issued on April 5, 1933.

In addition, the addresses associated with Satoshi Nakamoto hold approximately 1.10 million $BTC, which have not been transferred since early 2010, and are now worth over 90 billion dollars. (beincrypto)

Next news:
Next news:Mark T. Uyeda, the acting chairman of the U.S. Securities and Exchange Commission (SEC), has instructed staff to review multiple statements regarding cryptocurrency investments and the applicability of securities laws. This directive was issued under Executive Order No. 14192, aimed at assessing whether these statements need to be modified or rescinded in line with current priorities. The documents under review include guidance released in 2019 on whether digital assets are considered securities, as well as a statement from 2021 regarding the investment risks associated with the Bitcoin futures market. Additionally, there will be a review of the 2022 guidance on cryptocurrency bankruptcies and the 2021 warnings about the risks of trading digital assets. The SEC is currently experiencing staff turnover, with over 600 employees accepting voluntary buyouts.
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According to Foresight News, Ki Young Ju, the founder and CEO of CryptoQuant, stated that "the Bitcoin bull market cycle has ended, for the following reasons: There is a concept in on-chain data called realized market capitalization. It works as follows: when $BTC enters a blockchain wallet, it is considered a buy, and when it leaves, it is considered a sell. By utilizing this concept, we can estimate the average cost basis of each wallet, multiply it by the amount of $BTC held, and arrive at the total realized market capitalization, which is generally regarded as the total capital that has entered the Bitcoin market through actual on-chain activity."

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.