Cryptocurrency Market Overview
Let’s turn our attention to today’s overall cryptocurrency market situation.
As of 11:59 AM on January 9, 2025, according to sosovalue statistics, the total market cap of the cryptocurrency market is $3.41 trillion, down 3.94% from yesterday; total trading volume is $195.19 billion, down 7.66% from the previous trading day.
According to sosovalue, the price of BTC is $93,485, down 1.73% from yesterday. The market cap of BTC is $1.85 trillion, accounting for 54.3% of the total market cap; BTC's 24-hour trading volume is $66.13 billion, accounting for 33.9% of the total trading volume.
The price of ETH is $3,302.8, down 1.4% from yesterday; the market cap of ETH is $397.91 billion, accounting for 11.7% of the total market cap; ETH's 24-hour trading volume is $32.28 billion, accounting for 16.5% of the total trading volume.
The combined market cap of BTC and ETH accounts for 66.0% of the total cryptocurrency market cap, and the combined trading volume accounts for 50.4% of the total trading volume.
After reviewing the overall cryptocurrency market situation, let’s shift our focus to the 5 tokens with the largest gains of the day:
As of 12 PM Hong Kong time, according to sosovalue, the top five gaining stocks are:
The first is Alpha Quark (AQT), with a market cap of $7.991 million and a price of $2.9810, with a 24-hour increase of 150% as of 11:50 AM today.
The second is KALM, with a price of $0.027080, with a 24-hour increase of 95.5% as of 11:50 AM today.
The third is Cobak (CBK), with a price of $1.3154, with a 24-hour increase of 91.3% as of 11:50 AM today.
The fourth is Galaxia (GXA), with a price of $0.0031337, with a 24-hour increase of 70.2% as of 11:50 AM today.
The fifth is REVOX (REX), with a price of $0.047620, with a 24-hour increase of 36.9% as of 11:50 AM today.
Next, let’s take a look at the performance of the cryptocurrency market by industry.
According to sosovalue statistics, out of 16 sectors, 2 are up and 14 are down, with the NFT, Meme, and AI sectors worth attention.
The non-fungible token sector has dropped 4.72% compared to UTC 0:00, with gq (-13.1%), MOCA (-11.5%), and dome (-10.3%) falling the most.
The Meme sector has decreased 4.75% relative to UTC 0:00, with $TIME (-32.2%), wuf (-29.8%), and gnon (-26.8%) falling the most.
The AI sector has decreased 5.76%, with BUZZ (-28.6%), SPORE (-23.9%), and ai16z (-19.9%) leading the decline.
Now, let’s quickly browse today’s noteworthy Crypto news on sosovalue:
First is:
According to @tier10k, the U.S. government has been authorized to handle 69,000 bitcoins (worth $6.5 billion) seized from the Silk Road, confirmed by an official to DB News today. Notably, this comes less than two weeks after the new government took office, which had promised not to sell these bitcoins.
Next news:
According to SoSoValue data, as of January 8 (Eastern Time), the total net outflow of the Bitcoin spot ETF was $583 million.
Yesterday, Grayscale's ETF GBTC saw a net outflow of 8.94 million, bringing the total historical net outflow of GBTC to $21.580 billion.
Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $0.00, bringing the total historical net inflow of Grayscale Bitcoin Mini Trust ETF BTC to $924 million.
As of now, the total net asset value of the Bitcoin spot ETF is $1,066.82 billion, and the ETF net asset ratio (relative to the total market value of Bitcoin) has reached 5.74%. The historical cumulative net inflow has reached $363.7 billion.
Source: https://sosovalue.com/assets/etf
Next news: The bankruptcy assets of FTX expressed dissatisfaction over the 'unauthorized' sale of FTX EU to Backpack Exchange. A year after Sam Bankman-Fried's collapse due to CoinDesk's reporting, FTX seems likely to unexpectedly recover large amounts for its creditors.
Next news:
According to Foresight News, on-chain analyst @ai_9684xtpa stated that a 'whale that profited $6.24 million by buying low and selling high PEPE' increased its PEPE holdings by $7.14 million 12 hours ago. Its total holdings have reached 79.13 billion PEPE, approximately $14.23 million. Between December 20, 2024, and January 3, 2025, this whale transferred 61.06 billion PEPE from Kraken at an average price of $0.00001732; the average cost of the current holdings is $0.00001769, with unrealized profits of approximately $103,000.
According to Foresight News, on-chain analyst @ai_9684xtpa stated that a 'whale that profited $6.24 million by buying low and selling high PEPE' increased its PEPE holdings by $7.14 million 12 hours ago. Its total holdings have reached 79.13 billion PEPE, approximately $14.23 million. Between December 20, 2024, and January 3, 2025, this whale transferred 61.06 billion PEPE from Kraken at an average price of $0.00001732; the average cost of the current holdings is $0.00001769, with unrealized profits of approximately $103,000.
Next news:
According to Wu, based on SoSoValue data, yesterday (January 8, Eastern Time), the total net outflow of the Ethereum spot ETF was $159 million. The Ethereum spot ETF with the highest net outflow yesterday was the Fidelity ETF (FETH), with a daily net outflow of $147 million.
Next news:
Rostin Behnam, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), will resign on January 20, but President Trump has not yet appointed a successor for Behnam. In his last public speech at the Brookings Institution this week, he extensively discussed cryptocurrency and the importance of the CFTC as a regulatory body. Behnam stated that cryptocurrency 'has dominated every period of my tenure' and noted that 'market regulators play a crucial role in ensuring that financial innovation is integrated into the regulatory and compliance culture, protecting consumers and providing legal certainty.' He added that he has never supported an enforcement-driven approach. He believes that 'in the absence of federal legislation, issues such as customer protection, fraud, market abuse, overall market resilience, and even financial stability are worsening. We have seen this from history, as we placed significant parts of the financial industry outside of regulation and accountability, resulting in often catastrophic outcomes.' He called for protection for 'investors eager to incorporate digital asset products into their portfolios.' (CoinDesk)
Next news:
According to Eric Wu, co-author of EIP-1559, the Biden administration's CFTC is issuing a subpoena to Coinbase regarding the Polymarket case, requesting information related to specific customers unless Coinbase formally receives a motion to withdraw or other legal documents before January 15, 2025.
Next news:
According to Foresight News, on-chain analyst Yu Jin monitored a whale that sold 220.1 cbBTC on-chain in the past 2 hours, exchanging it for 6202.4 ETH, worth approximately $20.33 million. This whale transferred cbBTC from Coinbase 3 hours ago, then exchanged it for ETH, and spread it across two addresses.
Next news: 1. As of January 8, the price of BTC has fallen below $95,000, trading at $94,979.20 on the OKX market. 2. On the same day, the value of this cryptocurrency decreased by 3.04%.
Next news:
According to a report by Deep Tide TechFlow on January 9, monitoring from Lookonchain shows that a trader turned $269 into $508,000 in just 4 hours, achieving a return of 1885 times. The specifics are as follows:
Spent 1.37 SOL (approximately $269) to buy 23 million LLM at pump.fun;
About 4 hours later, the price of LLM skyrocketed, and he sold all 23 million LLM, earning a profit of 2594 SOL (approximately $508,000).
Well, that concludes today's AI broadcast. Thank you for listening, and I hope you found it beneficial. Please visit sosovalue.com, our one-stop investment research platform. Stay updated on the latest market hotspots and don’t miss any important information. See you next time.$BTC
