Crypto Market Update March 12: HYPE Up 7% While NIGHT and Pi Coin Dips

Crypto Market Update Today: Zcash Mining Pool Launch and Appia Roadmap

Key Highlights:

• Bitcoin trades near $69.8K while Ethereum shows mild gains

• Defi posted 1.3% rise while stablecoins recorded no change

• European Central Bank revealed the Appia roadmap.

Overall Cryptocurrency News Update, 12 March 2026: The crypto market shows slight weakness with a $2.46T cap and declining sentiment amid extreme fear among investors.

Major Cryptocurrency Events Today

Source: Forex Factory

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

The global cryptocurrency market today reached a capitalization of $2.46 trillion, noted a minor downturn of 0.1% in the last 24 hours, whereas Total trading volume was recorded at $103 billion.

Bitcoin’s (BTC) dominance over the industry remains intense, with 56.8%, while Ethereum (ETH) carries 10%. The largest gainers in the industry over the past day are Binance Wallet IDO 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 $69848, slightly fell by 0.12%% in the last 24 hours, with a trading volume of $44.78 billion and a market cap of $1.39 trillion.

• Ethereum (ETH) price today is at $2048.9, slightly up by 0.85% in 24 hours, with a trading volume of $18.94 billion and a market cap of $247.37 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.)

• Midnight price (NIGHT): $0.04716, down 10.45%, trading volume (TV): $122.05 million.

• Internet Computer price (ICP): $2.60, gains 8.33%, TV: $425.64 million.

• Hyperliquid price (HYPE): $36.90, up 7.34%, TV: $402.17 million.

• Across Protocol price (ACX): $0.06229, surges 86.7%, TV: $154.13 million.

• BNB price (BNB): $649.61, rises 0.93%, TV: $1.61 billion.

Top 3 Crypto Gainers in 24 hours (Ranked by 24-hour percentage gain):

• Internet Computer price today (ICP): $2.60, climbs 8.45%, trading activity $425.34M.

• Hyperliquid price today (HYPE): $36.95, rises 7.19%, trading activity $400.76M.

• JUST price today (JST): $0.05312, gains 6.55%, trading activity $32.16M.

Top 3 Crypto Losers in 24 hours (Ranked by 24-hour percentage loss):

• Midnight price (NIGHT): $0.04719, down 10.47%, trading activity around $121.95 million.

• Kite price (KITE): $0.2517, lower by 8.18%, with trading volume near $102.07 million.

• Pi coin price (PI): $0.2183, slipped 6.38%, trading activity close to $46.04 million.

Stablecoins and Defi Update:

• Stablecoins reflect no negative change over the past 24 hours, with a market capitalization of $310.6 billion and trading volume of $81.3 billion.

• The Overall (Defi) Decentralized Finance market escalated 1.3% over the last 24 hours, recording a market cap of $52 billion and trading volume (TV) at $3.79 billion. Defi dominance globally marked 2.1%.

Crypto Fear and Greed Index Today

Source: Alternative Me

Today’s Fear & Greed Index is 18 (Extreme Fear), indicating strong market pessimism. Compared to yesterday’s 15 and last week’s 22, fear remains high, slightly recovering from last month’s 9. Likely due to price volatility and declining trader confidence.

Latest Crypto Market News Today, March 12

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

1. ECB Unveils Appia Roadmap: The European Central Bank unveiled the Appia roadmap to build a tokenized wholesale ecosystem. Pontes DLT settlement may launch in Q3 2026, with ecosystem planning targeted by 2028.

2. CZ Responds to Binance Valuation Debate: Binance founder Changpeng Zhao said exchange valuation depends on market cycles and denied price manipulation claims, stressing his continued efforts to promote crypto development globally.

3. Pump.Fun Eyes Multi-Chain Expansion: Pump.fun created Base, BSC, Monad, and Ethereum subdomains, which indicated potential growth beyond Solana. The Solana location tag was also deleted on its X profile on the platform.

4. Wells Fargo Files WFUSD Trademark: Wells Fargo sought to trademark the name WFUSD, which includes stablecoins, crypto trading, payments, and software services, which is an indication of digital asset intentions. The application is awaiting regulatory approval.

5. General Tensor Secures $5M Funding: General Tensor, a startup in Bittensor infrastructure, secured an oversubscribed seed and pre-seed round of five million dollars, led by Good Morning Holdings and Lvna Capital, and including DCG.

6. Foundry Plans Zcash Mining Pool: In April 2026, DCG subsidiary Foundry will introduce an institutional-level Zcash mining pool, which will provide compliance functionality and reporting capabilities to reinforce professional mining infrastructure.

Comparative Insight

Comparing the March 11 cryptocurrency update with the March 12, the overall market cap stayed nearly stable at $2.46T, but sentiment slightly worsened. The Fear & Greed Index rose from 15 to 18, still in extreme fear. Trading volume dropped from $125B to $103B, indicating reduced activity. Bitcoin slipped from $69.9K to $69.8K, while altcoin volatility increased with new gainers and losers emerging.

What This Means for Cryptocurrency Users

This scenario illustrates reserved trading. Bitcoin and Ethereum are not very volatile, but the high volatility of altcoins indicates selective opportunities. Sentimental extreme fear can indicate potential accumulation stages, but users must exercise caution due to unpredictable short-term trends.

Risk Context: This commentary is not about long-term conditions and is for informational purposes only. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

The condition is still reasonably risky with extreme fear and mixed price movements. Nonetheless, the consistent performance of key investments such as Bitcoin and Ethereum is a sign of strength. The long-term investors can see the opportunities, but short-term traders should remain cautious and take risks under control.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. All regions are not able to provide all the services or assets in question.