SoSo Daily Apr 9 | Bitcoin falls below 78,000 USDT
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 9, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.51 trillion US dollars, witnessing a decrease of 6.11% compared to yesterday; the total trading volume is 123.87 billion US dollars, marking a decline of 48.3% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 76,378 USD, a decrease of 3.65% from yesterday. The market cap of $BTC is 1.52 trillion USD, accounting for 60.4% of the total market cap; $BTC's 24-hour trading volume is 48.34 billion USD, making up 39% of the total trading volume.
The price of $ETH is 1,472.8 USD, down 5.27% from yesterday; the market cap of $ETH is 177.73 billion USD, representing 7.08% of the total market cap; $ETH's 24-hour trading volume is 19.27 billion USD, comprising 15.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.48% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.6% 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 PumpBTC. As of 00:00 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 00:00 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 00:00 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 00:00 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 00:00 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.
Crypto Market Sector Performance
According to sosovalue, all 16 sectors are down today. Notably, the GameFi, $ETH, and Meme sectors are worth mentioning.
GameFi Sector
The GameFi sector has fallen by 5.03% relative to the UTC 0 time, led by declines in GEEK (-32.6%), vidt (-30%), and IMT (-24.1%).
$ETH Sector
The $ETH sector has decreased by 5.34% relative to UTC 0, with $ETH itself leading the drop at -5.34%.
Meme Sector
The Meme sector has fallen by 5.5%, with Ban (-28.7%), MUBARAK (-23.7%), and NEIRO (-21.3%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitcoin has fallen below 78,000 USDT.
Next news:Ripple has announced the acquisition of the global credit network Hidden Road for $1.25 billion, marking one of the largest transactions in the history of the cryptocurrency industry. This move will make Ripple the first cryptocurrency company to own a global multi-asset prime broker. Hidden Road clears $3 trillion annually in the market and serves over 300 institutional clients. Ripple plans to leverage its strong balance sheet to expand Hidden Road's service capabilities, making it one of the largest non-bank prime brokers in the world. Ripple CEO Brad Garlinghouse stated that the industry is at a turning point for digital asset adoption, especially in the U.S. market. This acquisition will also enhance the utility of Ripple's USD-backed stablecoin RLUSD and strengthen XRPL and Ripple Payments. Hidden Road's founder and CEO Marc Asch noted that this transaction will bring significant growth to Hidden Road's business.
Next news:Plume, a blockchain platform focused on Real World Assets (RWAs), has secured investment from Apollo Funds to enhance its onchain finance capabilities. Plume aims to transform traditional financial instruments and alternative assets into digital assets within its RWAfi ecosystem. The investment will accelerate the development of Plume's modular blockchain infrastructure, enabling seamless access to RWAs for crypto natives and traditional financial institutions. Plume's ecosystem allows users to swap, lend, borrow, and speculate on RWAs. Apollo's investment highlights the growing trend of moving private assets on-chain, with Plume offering a unique infrastructure for digital asset utility and investor engagement.
Next news:The U.S. Department of Justice has shut down its cryptocurrency crime-fighting unit, calling it a "reckless strategy" of the Biden administration. U.S. Deputy Attorney General and Trump 2024 defense attorney Todd Blanche issued a memorandum directing the immediate closure of the Justice Department's cryptocurrency litigation department, opting instead for a more friendly regulatory roadmap for digital assets. Blanche pointed out that the Biden administration's use of the Justice Department to enforce actions against the blockchain industry is a "reckless strategy." The Biden administration established the NCET in 2021 as a collaborative legal task force composed of U.S. prosecutors from the Justice Department's Cybercrime and Money Laundering Office. Blanche's directive marks a shift in federal agencies' approach to cryptocurrency regulation. Trump, as the first president to support cryptocurrency, has promised more flexible regulations and signed an executive order to establish a Bitcoin reserve.
Next news:CBOE Represents Canary in Submitting SUI ETF Application
Next news:Circle has once again issued 250 million USDC on the Solana network.
Next news:Analysts at Bernstein have pointed out that despite the recent impact of U.S. President Trump's tariff policies on both cryptocurrency and traditional markets, Bitcoin's resilience remains impressive. The analysts cited historical data indicating that in past crises, Bitcoin typically experienced declines of between 50% and 70%, while the current price drop is only 26%, demonstrating that demand for Bitcoin comes from more resilient capital. They believe that Bitcoin's price acts as a leading indicator of risk appetite, which does not affect its long-term performance as a store of value in the digital realm. They view Bitcoin as a probabilistic "gold" on a time scale and note that its trading characteristics make it a more volatile and liquid version of gold. Currently, Bitcoin's trading price is slightly above $79,000.
Next news:
According to Wu, Anchorage has been included as the custodian for BlackRock's cryptocurrency ETF and other digital asset-related funds. Through its partnership with Anchorage, BlackRock now possesses capabilities for the custody, staking, settlement, and on-chain governance of digital assets.
Next news:
According to Wu, the Web3 AI project DecentralGPT has announced the completion of $3 million in angel round and Series A strategic financing, led by AGICrypto Capital, with participation from Cherry Capital, BTR Capital, DePINX, Aethir, and others. DecentralGPT is committed to building a fully decentralized large language model (LLM) infrastructure.
Next news:
According to TechFlow, on April 8, as reported by Jin10 Data, the futures of the three major U.S. stock indices rose, with the S&P 500 index futures up by 1.8%, the Nasdaq futures up by 1.7%, and the Dow futures up by 2.1%.
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.