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SoSo Daily Apr 10 | Traders believe that the likelihood of the Federal Reserve starting to cut interest rates in May is over 60%.

SoSo Newsletter
3KWords
Apr 10, 2025


Crypto Market Overview


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


As of 12 AM on April 10, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.72 trillion US dollars, witnessing an increase of 6.15% compared to yesterday; the total trading volume is 207.46 billion US dollars, marking a significant rise of 67.6% from the previous day.




According to sosovalue, the price of $BTC is 82,657 USD, an increase of 8.3% from yesterday. The market cap of $BTC is 1.64 trillion USD, accounting for 60.3% of the total market cap; $BTC's 24-hour trading volume is 87.40 billion USD, making up 42.1% of the total trading volume.
The price of $ETH is 1,667.9 USD, up 13.2% from yesterday; the market cap of $ETH is 201.28 billion USD, representing 7.4% of the total market cap; $ETH's 24-hour trading volume is 42.80 billion USD, comprising 20.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 62.7% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is PumpBTC. As of 16:00 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 16:00 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 16:00 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 16:00 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 16:00 today, its coin price is 0.011890 USD, increasing by 24.4% 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 AI, DeFi, and PayFi sectors are worth mentioning.



AI Sector


The AI sector has risen by 17.8% relative to the UTC 0 time, led by gains in send (107%), fartcoin (50.4%), and paal (38.1%).




DeFi Sector


The DeFi sector has increased by 13.6% relative to UTC 0, with EDGE (64.5%), xcn (42.2%), and bifi (34.3%) leading the rise.




PayFi Sector


The PayFi sector has risen by 13.4%, with tel (23.7%), xvg (15.8%), and kmd (14.4%) leading the rise.





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

According to Deep Tide TechFlow, on April 9, market news reported by Jinshi Data indicates that traders believe there is over a 60% chance that the Federal Reserve will start cutting interest rates in May.



Next news:The price of Bitcoin has fallen again during the afternoon hours in Asia, alongside other major cryptocurrencies, as traders expressed concerns over U.S. President Trump's tariff measures. Bitcoin dropped 2.25% in the past 24 hours to $77,289. Trump's tariff policies have led to a decline in global stock markets, although the Shanghai Composite Index rose by 1.3%. Analysts believe that Bitcoin remains closely tied to the U.S. economy, despite signs indicating a weakening correlation with the stock market. Market experts are optimistic about Bitcoin's future as a digital store of value. Meanwhile, the yield on the U.S. 10-year Treasury bond has risen to over 4.5%, reflecting market expectations for economic growth and inflation.
Next news:

According to Wu, Trump stated on his social media that the United States has decided to immediately raise tariffs imposed on China to 125%. Meanwhile, given that over 75 countries have communicated with the U.S. regarding trade, tariffs, and currency manipulation issues, and have refrained from retaliating against the U.S. at the suggestion of the U.S., the U.S. has authorized a 90-day suspension measure for these countries, during which reciprocal tariffs will be reduced to 10%, also effective immediately.


Next news:

Odaily Planet Daily reports that OKX market data shows $BTC has dropped below 76,000 USDT, currently priced at 75,995.6 USDT, with a 24H decline of 4.18%. (This news brief is AI-assisted.)


Next news:Ethereum researcher Virgil Griffith has been released.
Next news:The price of Bitcoin has surpassed $81,000, with a daily increase of 4.96%. According to a report by PANews on April 10, market data from OKX shows that Bitcoin has just crossed the $81,000 mark, with the current trading price at $81,102.80 and a daily increase of 4.96%.
Next news:

According to a report from Deep Tide TechFlow, on April 9, OKX announced that it will launch BABY (Babylon) spot trading and the delivery of BABY pre-trading contracts.


The launch times are as follows:




  1. BABY deposit opening time: April 9 at 8:00 PM (UTC+8)




  2. BABY collective auction time: April 10 from 5:15 PM to 6:15 PM (UTC+8)




  3. BABY/USDT spot trading opening time: April 10 at 6:15 PM (UTC+8)




  4. BABY withdrawal opening time: April 11 at 6:00 PM (UTC+8)




Next news:USDC Treasury destroyed 50 million USDC on the Ethereum blockchain, as reported by PANews on April 9. The transaction was monitored by Whale Alert and occurred at 21:27 Beijing time.
Next news:

Odaily Planet Daily News: Market data shows that spot gold has reached $3060 per ounce, increasing by 2.60% on the day. New York futures gold has surged by 3.00% today, currently reported at $3080.00 per ounce. (Jin Shi)


Next news:Binance will launch LDUSDT, which will be its second "reward-based margin asset" on its futures platform. Users can convert locked USDT from Binance's Simple Earn USDT flexible product into margin assets for futures trading while continuing to earn passive rewards. LDUSDT is expected to go live as soon as this month. Unlike the previous BFUSD, LDUSDT allows users to earn passive rewards without having to choose between that and having liquid margin assets.

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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