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SoSo Daily Apr 21 | Bitget will roll back and compensate users due to abnormal trading of the VOXEL token.

SoSo Newsletter
3KWords
Apr 21, 2025


Crypto Market Overview


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


As of 12:01 AM on April 21, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.78 trillion US dollars, witnessing a decrease of 2.12% compared to yesterday; the total trading volume is 52.10 billion US dollars, marking an increase of 8.1% from the previous day.





Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 85,213 USD, an increase of 0.159% from yesterday. The market cap of $BTC is 1.69 trillion USD, accounting for 60.9% of the total market cap; $BTC's 24-hour trading volume is 12.13 billion USD, making up 23.3% of the total trading volume.


The price of $ETH is 1,587.6 USD, down 1.59% from yesterday; the market cap of $ETH is 191.63 billion USD, representing 6.9% of the total market cap; $ETH's 24-hour trading volume is 6.60 billion USD, comprising 12.7% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 67.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 36.0% 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 Dark Frontiers. As of 16:00 today, its market cap is 4.47M, with a coin price of 0.020780 USD, witnessing a 24-hour increase of 387%.
The second is Function X. As of 16:00 today, its coin price is 0.14180 USD, with a 24-hour increase of 180%.
The third is AirSwap. As of 16:00 today, its coin price is 0.066500 USD, showing a 24-hour increase of 132%.
In fourth place is NKN. As of 16:00 today, its coin price is 0.044900 USD, with a 24-hour rise of 92.7%.
In fifth place is Magic. As of 16:00 today, its coin price is 0.19910 USD, increasing by 58.4% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 9 are up and 7 are down. Notably, the AI sector is worth mentioning.


The AI sector has risen by 4.58% relative to the UTC 0 time, led by gains in FHE (27.4%), nos (21%), and SPORE (17.7%).




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitget exchange will roll back trades and compensate users due to a surge in trading volume caused by abnormal trading of the VOXEL token. On Sunday morning, the trading volume of the VOXEL token suddenly soared, exceeding Bitcoin's 24-hour trading volume. VOXEL is the native token of Voxie Tactics, an RPG game based on Polygon, which ranks 723rd by market capitalization and has risen over 300% in the past week. One user made a six-figure profit from an investment of less than $100, but the profit may disappear as Bitget plans to roll back all trades. Bitget's investigation found that certain accounts might be involved in market manipulation, triggering the risk control system. To ensure a fair and secure trading environment, Bitget will roll back irregular trades within 24 hours and provide a compensation plan for users who suffered losses during this period. A Bitget spokesperson stated that the exchange is still investigating this incident and will provide updates within 24 hours.
Next news:

According to Foresight News, Michael Saylor, the founder of Strategy, has once again released information related to the Bitcoin Tracker and stated, "The number of orange dots is still not enough," which may suggest a hint towards further accumulation.

According to Foresight News, Michael Saylor, the founder of Strategy, has once again released information related to the Bitcoin Tracker and stated, "The number of orange dots is still not enough," which may suggest a hint towards further accumulation.


Next news:After the Bitcoin halving event in 2024, the price of Bitcoin increased by 33%, primarily due to the accelerated participation of institutional investors in the market cycle. The halving event reduced the block reward from 6.25 $BTC to 3.125 $BTC, resulting in a halving of the new Bitcoin issuance. Despite the intensification of the global trade war and U.S.-China tariff tensions, Bitcoin has risen over 33% since April 2024. Market analyst Enmanuel Cardozo pointed out that institutional investment may accelerate Bitcoin's traditional four-year halving cycle. The price trend of Bitcoin remains correlated with broader monetary policy, with expectations that the Federal Reserve may cut interest rates in May or June, which could further drive up Bitcoin's price. Bitcoin Exchange-Traded Funds (ETFs) and institutional adoption may lead to shorter market cycles. Bitcoin reached a new high 273 days after the halving in 2024, demonstrating an accelerated market cycle.
Next news:A whale sold 8,328 $ETH in the past 20 minutes, making a profit of $264,000. According to tracking by Ai Yi, this whale spent $16.29 million on April 18 to establish a position of 10,293.78 $ETH and sold 8,328 $ETH in the past 20 minutes at an average price of $1,614 per $ETH, cashing out approximately $13.44 million and making a profit of $264,000. Since April 13, this address has accumulated a profit of $1.20 million through two $ETH transactions.
Next news:Bitcoin falls below 84,000 USDT
Next news:

According to Foresight News, the Hyperlane Foundation tweeted that approximately 88% of the HYPER airdrop has been pre-claimed and will start distribution next week. The remaining 12% that has not been claimed (approximately 8.80 million HYPER) will be reserved to incentivize future network expansion. About 8.20 million HYPER will be used to supplement the reward distribution for the first two quarters based on HyperStreaks; 600 thousand HYPER will continue to incentivize the Hyperlane Pilot program.

According to Foresight News, the Hyperlane Foundation tweeted that approximately 88% of the HYPER airdrop has been pre-claimed and will start distribution next week. The remaining 12% that has not been claimed (approximately 8.80 million HYPER) will be reserved to incentivize future network expansion. About 8.20 million HYPER will be used to supplement the reward distribution for the first two quarters based on HyperStreaks; 600 thousand HYPER will continue to incentivize the Hyperlane Pilot program.


Next news:In 2025, the price of Bitcoin reached $84,600 during Easter, marking the highest point in nearly 17 years. According to a report by PANews, the Bitcoin prices for Easter over the years are as follows: $64,455 in 2024, $27,931 in 2023, $42,782 in 2022, $58,245 in 2021, $7,302 in 2020, $5,205 in 2019, $6,771 in 2018, $1,188 in 2017, $419 in 2016, $244 in 2015, $443 in 2014, $190 in 2013, $4.85 in 2012, $0.73 in 2011, and $0 in both 2010 and 2009.
Next news:

According to Wu's report and monitoring by @EmberCN, a Bitcoin swing whale sold 85.7 WBTC for $84,997 five hours ago, exchanging for 7.29 million USDC. This whale had purchased these WBTC on April 7 at a price of $76,522 each, spending 6.56 million USDC to buy them at the bottom. This sale realized an unrealized profit of approximately $727,000.


Next news:The key threshold for Bitcoin market sentiment currently stands at $90,000, with neither the bull nor bear market having fully taken control. Bitcoin prices are fluctuating between $83,000 and $86,000, reflecting uncertainty in the global financial markets. Although it has maintained support at $83,000, the failure of Bitcoin bulls to recover indicates that the crucial moving average for a new wave of momentum has not been reached. If this price level fails to hold, it may trigger a new round of sell-offs; if bears regain control, Bitcoin could be pushed down to $80,000 or lower. $90,000 remains the critical threshold that Bitcoin bulls must reclaim to reverse market sentiment, while the $81,000 area is a recent key bottom.
Next news:On April 20, Adam, a macro researcher from Greeks.live, released a Chinese community brief indicating a divergence in market sentiment. Some traders are optimistic about the performance of altcoins over the weekend, believing that SOL has risen over 10 times from its bottom, while others warn that this might be the final frenzy. The key price for $BTC is in the range of $66,000 to $67,000, with many traders considering this as a concentrated area for short-term stop-losses. The performance of altcoins has sparked debate; some argue that significant rises in small-cap coins are normal, while other traders point out that calculating increases from the bottom can be misleading, asserting that SOL's substantial rise is due to its previous large drop. In terms of market structure, traders have observed that Binance has a large number of buy orders to protect the market, but most are withdrawn as prices approach, indicating that the exchange may intentionally guide prices to trigger important stop-losses.

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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