Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 11:58 PM Hong Kong time on June 6, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.37 trillion US dollars, witnessing an increase of 0.41% compared to yesterday; the total trading volume is 103.34 billion US dollars, marking a decline of 21.5% from the previous day.
Cryptocurrency Market Update - June 6, 2025
According to sosovalue, the price of $BTC is 104,290 USD, an increase of 2.65% from yesterday. The market cap of $BTC is 2.07 trillion USD, accounting for 61.5% of the total market cap; $BTC's 24-hour trading volume is 31.56 billion USD, making up 30.5% of the total trading volume.
The price of $ETH is 2,475.4 USD, up 2.39% from yesterday; the market cap of $ETH is 298.83 billion USD, representing 8.87% of the total market cap; $ETH's 24-hour trading volume is 19.70 billion USD, comprising 19.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 70.37% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.6% of the total trading volume.
As of 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Everscale (EVER). As of 23:50 today, its market cap is 40.72M USD, with a coin price of 0.020509 USD, witnessing a 24-hour increase of 104%.
The second is sudoswap (SUDO). As of 23:50 today, its coin price is 0.11030 USD, with a 24-hour increase of 78%.
The third is Nyan Heroes (NYAN). As of 23:50 today, its coin price is 0.0059800 USD, showing a 24-hour increase of 72.8%.
In fourth place is MUX Protocol (MCASH). As of 23:50 today, its coin price is 0.00011000 USD, with a 24-hour rise of 66.4%.
In fifth place is Department Of Government Efficiency (DOGE). As of 23:50 today, its coin price is 0.016950 USD, increasing by 55.2% 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 16 are up and 0 are down. Notably, Meme, RWA, and PayFi sectors are worth mentioning.
Meme sector has risen 3.1% relative to the UTC 0 time, led by gains in DOGE (55.1%), wojak (21.8%), and tsuka (20.2%).
RWA sector has increased 3.07% relative to UTC 0, with RWA (10.8%), mpl (10.4%), and LMR (8.65%) leading the rise.
PayFi sector has risen 2.87%, with tpt (9.91%), RUBY (7.07%), and ultima (5.55%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
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Next news:ChainCatcher news, according to JIN10 report, the US May seasonally adjusted non-farm payrolls increased by 139 thousand, expected 130 thousand, and the previous value was revised from 177 thousand to 147 thousand.
Next news:According to ChainCatcher and Jin10 data, the CME "FedWatch" shows that the probability of the Federal Reserve maintaining interest rates unchanged in June is 97.4%, while the probability of a 25 basis points rate cut is 2.6%. The probability of the Federal Reserve maintaining rates unchanged by July is 69.2%, the probability of a cumulative 25 basis points cut is 30.0%, and the probability of a cumulative 50 basis points cut is 0.8%.
Next news:
ChainCatcher reports that according to official information, the UK financial regulator has proposed lifting the ban on retail investors purchasing exchange-traded products related to cryptocurrencies, aiming to enhance competitiveness in response to the recovering US crypto market under Trump's leadership.
The UK's Financial Conduct Authority (FCA) stated that this change means that existing exchange-traded notes linked to tokens such as Bitcoin and Ethereum can be sold to retail buyers, provided the trading occurs on FCA-approved platforms. Last year, regulators allowed these products to be traded on venues like the London Stock Exchange, but only for professional investors.
Next news:ChainCatcher reports, according to JIN10 data, institutional analysts commented on the U.S. nonfarm payroll report, stating that the unemployment rate remained stable, wage growth exceeded expectations, and hourly wages saw a slight increase, which will quell concerns about a significant slowdown in the labor market. The increase in employment for May surpassed the median expectation, but cumulative revisions for the previous two months were downward by 95,000, significantly offsetting the impact of May's better-than-expected data. Analysts pointed out that the reduction of 8,000 jobs in manufacturing is not what the Trump administration hoped to see. Undoubtedly, we will hear forecasts from the White House economic team suggesting that the situation will improve as many companies, including Apple, begin to commit to investments in the U.S.
Next news:ChainCatcher news: Decentralized blockchain network IOST announced the completion of a $21 million strategic round of financing, with participation from DWF Labs, Presto, and Rollman Management Groups. This investment was executed through a tailored allocation mechanism designed to align incentives and support sustainable network growth. This strategic capital will drive the upcoming product launches, deepen ecosystem integration, and strengthen IOST's leading position in the RWA 3.0 innovation field.
Next news:ChainCatcher news: According to the official announcement, Binance Wallet has launched a BNB Smart Chain trading competition on Binance Alpha. During the event, trading LA, RDO, RWA, BDXN, ELDE, and TGT on Binance Wallet (non-custodial) or through Binance Alpha will allow participants to share a reward pool equivalent to 3.30 million USD. Event period: From 00:00 on June 7, 2025, to 00:00 on June 21, 2025 (UTC+8).
Next news:ChainCatcher news: According to official information, Binance Alpha will launch the DeFi App (HOME), with trading opening on June 10. The exact time will be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page. The event page and details will go live on June 10.
Next news:ChainCatcher reports, according to Jin10 Data, spot gold has fallen below 3,320 USD/oz, with a daily decline of 1.00%.
Next news:Elon Musk's social media platform X has partnered with the cryptocurrency-based prediction market platform Polymarket. The two parties will utilize post data from the X platform to provide data-driven insights and recommendations for the prediction market. The specific terms of the cooperation have not been disclosed. The first collaborative product is about to be launched, and there are future plans to offer a series of similar services for users of both platforms. This cooperation will also integrate Grok, an AI chatbot developed by Musk's AI company xAI.
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.