24-Hour Crypto Market Update: BTC Falls 0.12% Amid Fear Index 15

Crypto Market Update: Texas Buy $10M Bitcoin, IRYS Listing on Coinbase

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.10 trillion, down 0.1% over the last 24 hours.

• Daily trading volume reached $148 billion.

• Bitcoin remains the leader with a 56.3% dominance, while Ethereum holds a 11.5% share.

• A total of 19385 cryptocurrencies are currently being tracked.

• The largest gainers in the industry are Parallelized EVM and XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $87886, representing a 0.12% fall in the past 24 hours. With $63.5 billion in trading volume and a $1.75 trillion market cap.

• Ethereum trades at $2968.5, up 0.82% in the last 24 hours, with a $358 billion market cap and $22.6 billion in trading volume.

Top 5 Trending Coins in 24 Hours:

• Monad (MON) is at $0.04782, up 49.57%, with a TV of $1.2B.

• MetaArena (TIMI) is at $0.09995, showing a slight 0.12%, with a high TV of $3.72B.

• Irys (IRYS) stands at $0.02674, falling 22.84%, supported by $64.15M in TV.

• World Mobile Token (WMTX) at $0.1097, gaining 10.83%, with $21.25M in TV.

• Bitcoin (BTC) is at $87,892.88, slipping 0.13%, but remains highly traded with $63.6B in TV.

Top 3 Gainers in 24 Hours:

• Monad (MON) is priced at $0.04761, up 48.06%, with a trading volume of $1.20 billion.

• Story (IP) trades at $2.93, rising 18.94%, supported by a trading volume of $156.67 million.

• Kaspa (KAS) is valued at $0.05081, gaining 12.19%, with a trading volume of $112.56 million.

Top 3 Losers in 24 Hours:

• Canton (CC) is priced at $0.09006 and fell 5.96%, with a trading volume of $40.88 million.

• Bonk (BONK) is trading at $0.059699, dropping 3.54% supported by $140.27 million in trading volume.

• Aptos (APT) stands at $2.28 after a 3.20% decline, with a trading volume of $128.52 million.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $305 billion with $92.3 billion in trading volume, representing a 0.5% positive change.  

• The DeFi market cap stands at $112 billion, increased 0.3% in the last 24 hours, with a trading volume of $6.1 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The crypto Fear & Greed Index shows Extreme Fear today with a score of 15, down from 20 yesterday and equal to last week’s level. Sentiment has worsened sharply since last month’s Neutral reading of 51, indicating rising market caution and reduced investor confidence across the crypto sector.

Latest Cryptocurrency News Today

1. South Korea Jails Fake Trading Platform Operator

South Korea’s Gwangju Court jailed a fake trading platform operator for eight years after deceiving 116 investors and laundering $2.9M in crypto; three accomplices received shorter sentences.

2. Upbit Owner May Appeal $25M FIU Penalty

Dunamu, operator of Upbit, said it may appeal the FIU’s $25 million fine and sanctions for alleged AML and KYC violations. The regulator also halted Upbit’s new user onboarding for three months.

3. Shenzhen Gold Traders Hit by Rising Account Freezes

Shenzhen’s Shuibe gold market faces mounting account freezes as merchants unknowingly accept fraudulent funds. Banks and payment accounts are locked, disrupting business. Lawyers cite intensified anti-fraud drives and gold’s growing role in money laundering.

4. US September PPI Rises 2.7% YoY.

U.S. Producer Price Index increased by 2.7% compared to the same period last year in September, as expected by the market and slightly higher than the 2.6% in August, showing a steady increase in wholesale inflation with the stable economy.

5. Kintsu Launches on Monad With New Staking Model

Kintsu has deployed its liquid staking protocol on the Monad mainnet, which has on-chain, performance-based selection of validators. With a seed round of 4M, it provides non-custodial staking to increase decentralization and returns.

6. Texas Makes Historic $10M Bitcoin Purchase.

Texas has reportedly bought $10 million in Bitcoin at about $87,000 each, becoming the first U.S. state to do so. The state plans future self-custody after using BlackRock’s IBIT ETF.

7. Hassett Emerges as Top Pick for Fed Chair

Kevin Hassett is now the leading Fed Chair candidate, aligned with Trump rate-cut stance, as Treasury Secretary Scott Bessent narrows the shortlist to five after interviews.

8. U.S. Bancorp Tests Stablecoin on Stellar

U.S. Bancorp is testing its own stablecoin on the Stellar blockchain as it expands digital asset services, focusing on custody and payments, citing Stellar’s asset-freezing feature as key for institutional control.

9. Coinbase to Launch Spot Trading for IRYS Token Today

Coinbase will launch spot trading for Irys (IRYS) today. The IRYS-USD pair opens once liquidity is sufficient, with trading available on all Coinbase platforms, including institutional access.

10. Anchorage Digital Unveils Compliant Rewards Program

Anchorage Digital will launch a compliant rewards program for USDtb and USDe holders through its independent unit, Anchorage Digital Neo Ltd., letting institutions earn on idle assets while meeting GENIUS Act stablecoin rules.

CoinGabbar’s Opinion

The extreme fear, mixed price movements, and high volatility make short-term investments relatively risky. However, strong activity in top gainers and rising institutional interest suggest selective opportunities. Investors should stay cautious, focus on fundamentally strong projects, and avoid emotional trading until market sentiment stabilizes.

Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any monetary losses.