Crypto Market Update Feb 20: XRP and Pi Coin Slips While ENSO Gain 46%

24-Hour Crypto Market Update: KITE, NIGHT, VIRTUAL Top Gainers Today

Key Highlights:

• Bitcoin is dominating 56.4%; Fear and Greed Index is extreme fear (7).

• Mixed price action. Select altcoins move up, with sentiment unfavorable.

• Bitdeer Plans $300M Convertible Notes Offering

Overall Crypto Market Update, 20 February 2026: The cryptocurrency increased to reach a valuation of $2.38 trillion as Bitcoin increased by 1%, Ethereum dropped marginally, and the altcoins exhibited mixed momentum with extreme fear.

Major Crypto Market Events Today

Source: Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global cryptocurrency market today reached a capitalization of $2.38 trillion, noted a slight 0.3% upward trend in the last 24 hours, whereas Total trading volume was recorded at $87.5 billion.

Bitcoin’s (BTC) dominance over the industry remains intense, with 56.4%, while Ethereum (ETH) carries 9.92%. The largest gainers in the industry over the past day are Polkadot and XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $67288.95, surged 1% in the last 24-H, with a trading volume of $31.7 billion and a market cap of $1.34 trillion.

• Ethereum (ETH) price today is at $1957.32, a decrease with a minor 0.13% in 24-H with a trading volume of $17.5 billion and a market cap of $236.2 billion.

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

• XRP price (XRP): $1.41, slips 0.21% in the last 24 hours, trading volume (TV): $2.32B.

• Enso price (ENSO): $1.71, surges 46.07% in the last 24 hours, TV: $217.46M.

• RaveDAO price (RAVE): $0.4967, soars 29.35% in the last 24 hours, TV: $59.8M.

• BNB price (BNB): $607.21, up 0.39% in the last 24 hours, TV: $1.44B.

• Falcon Finance price (FF): $0.07942, dips 0.31% in the last 24 hours, TV: $83.13M.

Top 3 Crypto Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• Kite price today (KITE): $0.2542, jumped 13.41%, trading activity $132.94M.

• Midnight price today (NIGHT): $0.06295, gained 9.44%, trading activity $24.65M.

• Virtuals Protocol price today (VIRTUAL): $0.6437, rose 4.14%, trading activity $65.04M.

Top 3 Crypto Losers in 24 hours

(Ranked by 24-hour percentage loss)

• Arbitrum price (ARB): $0.09678, down 9.87%, trading activity around $109.97 million.

• Pi price (PI): $0.1763, losses 5.92%, with trading volume near $22.48 million.

• MemeCore price (M): $1.34, dips 5.55%, trading activity close to $9.58 million.

Stablecoins and Defi Update:

• Stablecoins reflects 0.1% positive change over the past 24 hours, with a market capitalization of $309.5 billion and trading volume of $67.5 billion.

• The Overall (Defi) Decentralized Finance market escalated 0.5% over the last 24 hours, recording a market cap of $49.5 billion and trading volume (TV) at $3.5 billion. Defi dominance globally marked 2.1%.

Crypto Fear and Greed Index Today

Source: Alternative Me

Today’s Crypto Fear & Greed Index stands at 7, signaling extreme fear. Yesterday and last week were 9, while last month was 24. The decline reflects heavy selling, volatility, weak momentum, and risk-off sentiment driven by macro uncertainty and falling crypto prices. 

Latest Crypto Market News Today, February 20

(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)

1. White House Backs Limited Stablecoin Rewards: The White House backs restricted stablecoin rewards in a structure bill, which will modify the GENIUS Act, and officials' crypto connections and agency vacancies are debated.

2. xStocks Exceeds $25B Trading: xStocks has surpassed $25 billion cumulative trading volume since June 2025, and is in the top 7 out of 24-hour tokenized stock positions, and opened its Chinese X account.

3. Bitdeer Plans $300M Convertible Notes Offering: Bitcoin miner Bitdeer will issue $300 million convertible senior notes due 2032 to finance data centers, HPC, AI cloud expansion, ASIC research, and buy back 2029 notes.

4. ether.fi Moves Cash to Optimism: ether.fi will transfer its Cash debit card to OP Mainnet, where Optimism will transfer 70,000 cards, 300,000 accounts, and $160 million TVL, and provide safe and uninterrupted services.

5. White House Has Stablecoin Yield Meeting: A third White House meeting on stablecoin yield will be held at 9 AM ET, and Coinbase, Ripple, and a16z representatives will be present in the discussion.

6. Wall Street Buys More Bitmine Shares: Morgan Stanley, ARK, and other major firms increased Bitmine holdings despite a 48% stock drop, as the company remains the largest corporate holder of Ethereum.

Comparative Insight

As compared to yesterday, the crypto market cap dips 1% While the today's posted a mild 0.3% gain. However, sentiment remains deeply fearful at index 7 compared to the past day 9. Bitcoin recovered today, but Ethereum still shows minor losses. Altcoins showed sharper percentage swings, indicating selective risk despite broader caution.

What This Means for Cryptocurrency Users

Cryptocurrency users have a weak yet promising future. High volatility can be an indication of undervaluation to long-term investors, but also extreme fear. Before deciding on short-term investment or leveraged investment decisions, traders must pay close attention to liquidity, macro developments, and Bitcoin dominance.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point in the direction of the price or show an action to be taken on the investment.

CoinGabbar’s Opinion

Based on the 24-hour update, investment remains risky due to extreme fear and mixed momentum. However, selective opportunities exist in strong-performing assets. Cautious accumulation with proper risk management may benefit disciplined investors rather than aggressive short-term speculation.

Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Not all regions can offer some of the services or assets discussed.