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SoSo Daily May 22 | Bitcoin breaks through $109,358, reaching an all-time high

SoSo Newsletter
3KWords
May 22, 2025

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


As of 00:01 on May 22, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.57 trillion US dollars, witnessing an increase of 0.862% compared to yesterday; the total trading volume is 177.40 billion US dollars, marking a significant rise of 47.8% from the previous day.



Cryptocurrency Market Update - May 22, 2025

According to sosovalue, the price of $BTC is 109,670 USD, an increase of 2.64% from yesterday. The market cap of $BTC is 2.18 trillion USD, accounting for 61% of the total market cap; $BTC's 24-hour trading volume is 58.98 billion USD, making up 33.2% of the total trading volume.
The price of $ETH is 2,547.6 USD, up 0.927% from yesterday; the market cap of $ETH is 307.56 billion USD, representing 8.62% of the total market cap; $ETH's 24-hour trading volume is 31.42 billion USD, comprising 17.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.62% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.9% 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 pSTAKE Finance. As of 00:00 today, its market cap is 46.42M, with a coin price of 0.092840 USD, witnessing a 24-hour increase of 112%.
The second is GoChain. As of 00:00 today, its coin price is 0.0019418 USD, with a 24-hour increase of 64.3%.
The third is Lybra Finance. As of 00:00 today, its coin price is 0.064192 USD, showing a 24-hour increase of 50.2%.
In fourth place is Sender AI. As of 00:00 today, its coin price is 0.0063000 USD, with a 24-hour rise of 43.2%.
In fifth place is Cookie DAO. As of 00:00 today, its coin price is 0.22577 USD, increasing by 43.1% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, all are up. Notably, AI, Meme, and NFT sectors are worth mentioning.
AI sector has risen 5.25% relative to the UTC 0 time, led by gains in ASI (42.5%), cookie (41.8%), and ava (20.9%).
Meme sector has increased 3.36% relative to UTC 0, with HOUSE (20.3%), sats (14.6%), and wif (14.6%) leading the rise.
NFT sector has risen 3.26%, with xmon (17.8%), epik (14.6%), and PENGU (10.6%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu said that according to OKX market data, Bitcoin broke through $109,358, reaching a new all-time high.
Next news:According to Foresight News and on-chain analyst @ai_9684xtpa, James Wynn increased his 40x $BTC long position to 7,764.264 $BTC at 2 a.m. today during a $BTC pullback after a surge. The value of this position reached as high as 832 million USD, with an opening price of 105,033.4 USD and a liquidation price of 100,330 USD. The current unrealized profit stands at 16.59 million USD.
Next news:

According to TechFlow, on May 21, based on on-chain data analyst Yu Jin's monitoring, whale James Wynn's long position value has risen to a record $900 million. The specific data is as follows:

  • Position value: $900 million
  • Opening price: $107,846
  • Liquidation price: $102,370

Next news:Foresight News reports that VanEck plans to launch a PurposeBuilt fund focused on Avalanche next month. This fund will invest in projects built on Avalanche, potentially covering multiple sectors including gaming, financial services, payments, and artificial intelligence. The fund will be managed by VanEck's Digital Assets Alpha Fund. Currently, VanEck does not intend to launch funds for any other ecosystems, and the team has yet to confirm the fund's size.
Next news:

BlockBeats news: On May 21, according to HTX market data, Bitcoin rose by 1.58% in the past half hour, currently priced at 108,699 USD, needing only an additional 0.76% increase to reach its all-time high.


Next news:Coinbase disclosed a data breach in December 2024 affecting 69,461 users, involving personal KYC information such as names, addresses, and emails. The breach was caused by bribing foreign customer support agents to extract system data. Passwords, private keys, and funds were not compromised. The SEC has opened an inquiry into Coinbase's user metrics, and the Department of Justice is investigating the breach. Coinbase faces criticism for delayed response and estimates remediation costs between $180 million and $400 million. Investor Michael Arrington highlighted the human cost and criticized KYC laws and corporate data protection practices.
Next news:Background: Texas is set to become the third U.S. state to establish a strategic Bitcoin reserve, following New Hampshire and Arizona. The bill, named Senate Bill 21, has been overwhelmingly passed by the state legislature and is currently awaiting Governor Greg Abbott's signature to become law.

Key Event: Lee Bratcher, founder and chairman of the Texas Blockchain Council, revealed that he had a personal conversation with Governor Abbott and believes the governor intends to support the bill, positioning Texas as a leader in Bitcoin reserves. The bill is expected to be signed into law within one to two weeks. The initial investment scale is estimated to be tens of millions of dollars, with the state auditor determining the specific purchase amount and timing based on professional investment standards.

Potential Impact: As a state with a large global economic scale, Texas establishing a Bitcoin reserve will further solidify its status as a cryptocurrency-friendly state and also reflects the strategic layout of the United States in the digital asset field. Bitcoin's price recently reached a historic high of approximately USD 109,400, indicating increased market activity.
Next news:Odaily Planet Daily reports that according to Coinglass data, nearly 70 million USD worth of liquidations occurred across the entire network in the past 4 hours, primarily from short positions. Among these, long position liquidations amounted to 9.54 million USD, while short position liquidations totaled 58.61 million USD.
Next news:Wu said that World Foundation's subsidiary World Assets announced on May 21 that it sold $135 million worth of WLD tokens at market price to Andreessen Horowitz and Bain Capital Crypto to support the expansion of the World network in the United States and globally. Previously disclosed investors also include Selini Capital, Mirana Ventures, and Arctic Digital.
Next news:Foresight News reports that, according to CoinDesk, Guatemala's Banco Industrial has partnered with SukuPay to launch a stablecoin payment system on Polygon, allowing users to make cross-border remittances using USDC. Guatemala's annual remittance volume is approximately 21 billion USD, accounting for nearly 20% of the country's GDP. SukuPay enables users to receive funds via the Zigi app using their mobile phone numbers, charging a fee of 0.99 USD per transaction.

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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