Sakshi Jain
24-02-2026
Key Highlights:
Fear & Greed Index at 8 signals extreme market panic.
Major hacks, regulatory shifts, and exchange updates shake sentiment.
Coinbase Markets will launch ETHGas (GWEI) spot trading today.
Overall Crypto Update, 24 February 2026: The crypto market declined 0.4% to $2.29 trillion as Bitcoin and Ethereum dipped. Extreme Fear at 8 reflects panic, while hacks and regulatory updates intensified uncertainty.
Source: Forex Factory
The global cryptocurrency market today reached a capitalization of $2.29 trillion, noted a 0.4% downturn in the last 24 hours whereas Total trading volume recorded at $121.7 billion.
Bitcoin’s (BTC) dominance over the industry remains intense with 56.2%, while Ethereum (ETH) carries 9.76%. 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 $64223, fell 1.8% in the last 24 hours, with a trading volume of $47.67 billion and a market cap of $1.28 trillion.
Ethereum (ETH) price today is at $1848.96, dips 1.5% in 24 hours with a trading volume of $21.89 billion and a market cap of $223 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.)
Bitcoin price (BTC): $64,184.32, down 1.57%, trading volume (TV): $47.84B.
Ethereum price (ETH): $1,843.67, down 1.56%, TV: $21.9B.
XRP price (XRP): $1.35, up 0.73%, TV: $3.22B.
Solana price (SOL): $77.89, down 0.94%, TV: $4.67B.
Origin price (LGNS): $6.21, down 0.88%, TV: $46.08M.
Top 3 Crypto Gainers in 24 hours:
(Ranked by 24-hour percentage gain)
Pippin price today (PIPPIN): $0.7383, jumps 18.36%, trading activity $69.45M.
JUST price today (JST): $0.04523, gains 6.16%, trading activity $34.17M.
ether.fi price today (ETHFI): $0.4525, rises 5.62%, trading activity $38.61M.
Top 3 Crypto Losers in 24 hours
(Ranked by 24-hour percentage loss)
Bitcoin Cash price (BCH): $495.38, down 8.60%, trading activity around $553.97 million.
Hyperliquid price (HYPE): $26.29, lower by 5.80%, with trading volume near $280.37 million.
Pump.fun price (PUMP): $0.001824, slipped 4.17%, trading activity close to $109.87 million.
Stablecoins and Defi Update:
Stablecoins reflects 0.8% negative change over the past 24 hours, with a market capitalization of $305.5billion and trading volume of $102 billion.
The Overall (Defi) Decentralized Finance market declined 5.5% over the last 24 hours, recording a market cap of $46.29 billion and trading volume (TV) at $3.7 billion. Defi dominance globally marked 2%.
Source: Alternative Me
The Fear & Greed Index shows 8 (Extreme Fear) today. Yesterday was 5, last week 10, and last month 25. The drop from 25 to 8 signals rising panic. Theoretically, extreme fear reflects heavy selling, weak demand, negative news, and low investor confidence.
(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)
1. Step Finance Shuts Down After $40M Hack: Step Finance, SolanaFloor, and Remora Markets will cease operations after a $40 million hack. The team plans STEP buybacks and Token redemptions.
2. WLFI Alleges Coordinated Attack as USD1 Depegs: World Liberty Financial claims a coordinated attack after co-founder accounts were hacked. USD1 briefly depegged to 0.9802 USDT, while WLFI dropped 8% amid panic.
3. Improved Partners Framework of Sky Expansion: Better Home and Finance has collaborated with Framework Ventures to become a member of the Sky stablecoin ecosystem and received up to 500 million credit support from Obex.
4. SEC Crypto Task Force Names New Chief Counsel: Chainlink Labs former Deputy General Counsel, Taylor Lindman joined the U.S. Securities and Exchange Commission Crypto Task Force as Chief Counsel, replacing Michael S. Selig, now Commodity Futures Trading Commission Chairman.
5. Coinbase GWEI Spot Trading: On February 24, 2026, Coinbase Markets will introduce ETHGas (GWEI) spot trading. GWEI-USD will open at 9:00 AM PT, and it will be subject to liquidity.
6. CZ Signals Binance US Expansion Plans: CZ stated at the World Liberty Financial forum that Binance US could grow in America when regulations become more favorable, because the SEC withdrew its suit against it in 2023.
February 23 crypto update saw $2.38T of capitalization with a 0.7% drop and a Fear Index of 5, reflecting extreme panic after tariff hikes. By February 24, the market cap declined further to $2.29T, while the Fear Index slightly improved to 8. Although sentiment remains fearful, panic eased marginally despite continued price weakness and fragile liquidity conditions.
Short-term instability is characterized by extreme fear, declining DeFi activity, and security breaches. Nevertheless, with consistent Bitcoin dominance and regulatory clarity initiatives, the market is consolidating and not falling, and investors need to exercise disciplined risk management.
Risk Context: This commentary is not a long-term condition commentary but is informational only. It is not an indication of the price, nor does it show anything to do with the investment.
The situation with short-term investment is still risky because of the high fear level, hacks, and deteriorating DeFi statistics. The level of volatility is high, and confidence is weak. Long-term perspectives might not be lost, but short-term jobs need to be reserved, diversified, and supported by stringent risk management policies.
Disclosure: This information is informational and does not amount to financial or investment advice. The markets of cryptocurrencies are very volatile and risky. Investment decisions should always be made by yourself and in the presence of a qualified financial advisor. Not every area is able to provide some of the services or assets in question.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
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