According to sosovalue, the price of BTC is 71,042 USD, an increase of 4.61% from yesterday. The market cap of BTC is 1.40 trillion USD, accounting for 56% of the total market cap; BTC's 24-hour trading volume is 50.80 billion USD, making up 39% of the total trading volume.
The price of ETH is 2,618.3 USD, up 5.3% from yesterday; the market cap of ETH is 315.25 billion USD, representing 12.6% of the total market cap; ETH's 24-hour trading volume is 22.29 billion USD, comprising 17.1% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 68.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.1% 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 05:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Santos FC Fan Token. As of 05:50 today, its market cap is 30.72M, with a coin price of 5.5390 USD, witnessing a 24-hour increase of 70.2%.
The second is MAGA Hat. As of 05:50 today, its market cap is 111.10M, with a coin price of 0.00027079 USD, witnessing a 24-hour increase of 38.7%.
The third is Prism. As of 05:50 today, its market cap is 2.17M, with a coin price of 0.0011830 USD, showing a 24-hour increase of 32.6%.
In fourth place is The Doge NFT. As of 05:50 today, its market cap is 98.19M, its coin price is 0.0065760 USD, with a 24-hour rise of 30.7%.
In fifth place is Aurora. As of 05:50 today, its market cap is 72.14M, its coin price is 0.13500 USD, increasing by 29.4% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, Meme, AI, and ETH sectors are worth mentioning.
Meme sector has risen 10.9% relative to the UTC 0 time, led by gains in MAGA (41.1%), dog (38%), and tremp (32.4%).
AI sector has increased 5.84% relative to UTC 0, with heart (22.4%), paal (12.1%), and trac (11.9%) leading the rise.
ETH sector has risen 5.33%, with eth (5.33%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of October 28th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $479.35M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.11B.

Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $ 21.59M，bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $451.40M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $315.19M, with IBIT's total historical net inflow reaching $24.30B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $59.78M, with ARKB's total historical net inflow reaching $2.71B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $68.47B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.97%. The historical cumulative net inflow has reached $22.41B.

Source: https://sosovalue.com/assets/etf

Next news:The founder of Truth Terminal, Andy Ayrey, has reportedly had his account hacked, with images posted showing information related to the IB token. This token has completed a curve on pump.fun, and its current market value is $3.80 million.
Next news:According to Bitget market data, Bitcoin has risen above 70,000 USDT, currently priced at 70,065.20 USDT, with a daily increase of 3.04%.
Next news:Venture capital firms are set to make hundreds of millions of dollars from Stripe Inc.’s acquisition of crypto platform Bridge for $1.1 billion in cash and stock, according to people familiar with the matter. Firms including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures all saw their investments in the startup pay off many times over.
Next news:Wu said that stablecoin issuer Circle has signed a Memorandum of Understanding (MOU) with Hong Kong Telecommunications (HKT) to explore potential collaboration in developing blockchain-based customer loyalty solutions for Hong Kong merchants. The two companies aim to leverage Circle's expertise in Web3 services and HKT's extensive merchant ecosystem and customer engagement capabilities to develop customer loyalty solutions powered by Web3 technology, enhancing the way consumers discover and interact with merchants, and promoting a more social and dynamic engagement experience.
Next news:According to reports, BitMEX founder Arthur Hayes pointed out in his latest blog post that China's economic stimulus measures will inject trillions of dollars into the financial markets and drive up cryptocurrency prices. Data shows that the People's Bank of China began purchasing government bonds for the first time since 2007 starting in August this year, with the scale of local government bond holdings increasing from 1.50 trillion to 4.60 trillion. Hayes analyzes that the People's Bank of China may follow the policy paths of the Federal Reserve, the European Central Bank, and the Bank of Japan, responding to economic downward pressure through balance sheet expansion. He noted that this policy direction could replicate the market performance of Bitcoin during the RMB adjustment period in August 2015, when the price of Bitcoin rose from $135 to $600 in less than three months, nearly a fivefold increase.
Next news:According to Wu Shuo, monitoring by Arkham revealed that the multi-signature address SPX6900 used for community fundraising: 0xE0...0A7E transferred 4.66 million SPX, worth approximately 4.21 million USD, to Wintermute OTC at 8:57 UTC+8 today. Six addresses donated over 100 thousand SPX to this multi-signature wallet, with the largest donor contributing 1 million SPX, valued at about 802 thousand USD. SPX is also one of the publicly disclosed holding tokens of Muard.
Next news:According to Decrypt, the Trump family's crypto project World Liberty Financial plans to issue a stablecoin. The project has appointed Paxos co-founder Rich Teo as the head of stablecoin and payments business. The stablecoin and other features will be launched at the appropriate time. Trump's victory in the presidential election may raise questions about conflicts of interest.
Next news:Washington D.C.-based crypto lobbying firms Blockchain Association and the Crypto Council for Innovation have filed a “friend-of-the-court” brief supporting an ongoing lawsuit against the U.S. Securities and Exchange Commission looking for proactive clarity on token airdrops.
Next news:According to reports from multiple informed sources cited by The New York Times, former New York City Mayor and Bloomberg founder Michael Bloomberg recently donated $50 million to a nonprofit organization supporting Democratic presidential candidate Kamala Harris, under pressure from several friends and billionaires. The informed sources stated that Bloomberg's latest donation went to the nonprofit organization Future Forward USA Action. Prior to this anonymous donation, he had already made $47 million in public political donations to the Democratic Party, ranking him second only to George Soros among major Democratic donors.

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.