SoSo Daily Apr 12 | The United States announced that the PPI for March decreased by 0.4% month-on-month, while the PPI increased by 2.7% year-on-year.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.73 trillion US dollars, witnessing an increase of 1.95% compared to yesterday; the total trading volume is 105.61 billion US dollars, marking a decline of 10.7% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 83,464 USD, an increase of 4.89% from yesterday. The market cap of $BTC is 1.66 trillion USD, accounting for 60.8% of the total market cap; $BTC's 24-hour trading volume is 38.08 billion USD, making up 36.1% of the total trading volume.
The price of $ETH is 1,567.1 USD, up 2.92% from yesterday; the market cap of $ETH is 189.12 billion USD, representing 6.94% of the total market cap; $ETH's 24-hour trading volume is 14.32 billion USD, comprising 13.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.74% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.7% 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 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.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the AI, Others, and Meme sectors are worth mentioning.
AI Sector
The AI sector has risen by 7.71% relative to the UTC 0 time, led by gains in PROMPT (111%), GAME (44.6%), and SEKOIA (43.8%).
Others Sector
The Others sector has increased by 5.31% relative to UTC 0, with AB (33.7%), trias (27.9%), and csix (22%) leading the rise.
Meme Sector
The Meme sector has risen by 4.96%, with maneki (110%), GAME (44.6%), and SEKOIA (43.8%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to Wu, the United States announced that the March PPI month-on-month decreased by 0.4%, marking the largest decline since October 2023, with expectations for an increase of 0.2%. The previous value was revised from 0.0% to 0.1%; the year-on-year PPI rose by 2.7%, lower than the expected 3.3% and the previous value of 3.2%.
Next news:
According to a report by Jinshi Data on April 11, the FOMC permanent voting member and President of the New York Fed, John Williams, spoke about the economic outlook and monetary policy: The economy faces extremely high uncertainty. Tariffs and trade are significant factors contributing to this uncertainty. It is expected that tariffs will push the inflation rate up to between 3.5% and 4% this year; efforts will be made to restore the inflation rate to 2%. Economic growth is expected to slow significantly to 1% this year. The unemployment rate is expected to rise to between 4.5% and 5%. A key question is whether the rise in inflation will persist until 2026.
Next news:Wu has learned that Binance announced it will launch the XCN USDT perpetual contract on April 11, 2025, at 15:30 (UTC), with a maximum leverage of 25 times.
Next news:
According to Wu, the Web3 education platform BugsCoin has announced the completion of a $12 million Series A funding round, with participation from Becker Ventures, Castrum Istanbul, BullPerks, and others. The funds will be used for global expansion, protocol upgrades, and AI tool development. BugsCoin offers simulated trading learning services, allowing users to earn BGSC as a learning reward.
Next news:
According to Wu Shuo, monitoring by @EmberCN revealed that in the past half hour, YZi Labs (formerly Binance Labs) transferred 1 million AXS (approximately 2.39 million USD), 3 million PERP (approximately 56 thousand USD), and 1 million CHESS (approximately 50 thousand USD) to Binance. These tokens were all obtained by YZi Labs through investment unlocks.
Next news:
According to Foresight News, monitored by @ai_9684xtpa, a whale starting with 0x248 directly purchased 3,316 $ETH on-chain three hours ago at a price of $1,548, worth approximately $5.13 million. Previous trading records indicate that this address seems to be engaged in swing trading, having accumulated a loss of about $380 thousand from high buy and low sell activities over the past month.
According to Foresight News, monitored by @ai_9684xtpa, a whale starting with 0x248 directly purchased 3,316 $ETH on-chain three hours ago at a price of $1,548, worth approximately $5.13 million. Previous trading records indicate that this address seems to be engaged in swing trading, having accumulated a loss of about $380 thousand from high buy and low sell activities over the past month.
Next news:Trump's official meme coin will unlock tokens worth $321 million on April 18. According to Tokenomist, 40 million Trump tokens will be released in a cliff unlock format, meaning that these tokens will be fully available all at once. Currently, the trading price of these tokens is around $8, and this unlock will lead to an influx of approximately $321 million in supply into the market.
Next news:
The University of Michigan's one-year consumer inflation expectations in the U.S. for April rose to 6.7%, the highest since 1981, up from the previous value of 5.0%. The long-term inflation expectations also increased, from 4.1% to 4.4%. This marks the fourth consecutive month of a significant rise of more than 0.5 percentage points, covering all three major political parties, with a particularly notable increase among independent voters.
Next news:
According to Foresight News, OpenZK Network has completed an early funding round of $6 million, with investors including Animoca Brands, Coinstore, and Sovereign Trust. Its founder is Dave Sandor, former Executive President of Goldman Sachs for the Asia-Pacific region.
According to Foresight News, OpenZK Network has completed an early funding round of $6 million, with investors including Animoca Brands, Coinstore, and Sovereign Trust. Its founder is Dave Sandor, former Executive President of Goldman Sachs for the Asia-Pacific region.
Next news:In the first 100 days of President Trump, the over-the-counter (OTC) trading volume of cryptocurrencies and stablecoins in the United States doubled year-on-year. According to Finery Markets' Q1 report, the OTC trading volume in the first quarter of 2025 increased by 141% year-on-year, while stablecoin activity grew by 158%. The trading of cryptocurrencies and stablecoins experienced the fastest growth during this period, increasing fivefold, primarily driven by U.S. policymakers advancing stablecoin regulations. Bitcoin, Ethereum, and stablecoins accounted for 95.3% of the trading volume, indicating institutional preference for stablecoins. Tether's USDT market capitalization reached a new high, but its influence in Europe has weakened, while Circle obtained a MiCA license and plans to go public in the United States.
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.