24 Hour Crypto Market Update: BTC And ETH Slides Amid Fear Index 28

Crypto Market Update: XRP on Hyperliquid, JPM Coin Launched, WLFI News

Key Highlights:

• Overall industry capitalization dropped by 1.4% to 3.21T with volumes remaining high amid conflicting price patterns.

• Chozen altcoins had reported steep returns even as ETH fell and skepticism increased.

• The Fear and Greed Index of 28 indicates cautiousness, which is a result of corrections and macro uncertainty.

Overall Crypto Market Update, 8 January 2026:  The cryptocurrency experienced a slight correction and good volumes, mixed BTC-ETH action, selective altcoin rallies, increased regulatory news, and a cautious investor attitude as indicated by the Fear & Greed Index.

Major Crypto Events Today

Source: Forex Factory

24-Hour Crypto Market Update: Prices, Volume & Trends

The global cryptocurrency market today recorded a capitalization of $3.21 trillion, reflecting a 1.4% downward trend in the last 24 hours. Total trading volume noted $117.5 billion.

Bitcoin’s (BTC) dominance over the industry remains intense, with 56.7%, while Ethereum (ETH) carries 11.9%. As of now, 19908 cryptocurrencies are being tracked. The largest gainers of the industry are Polkadot and XRP Ledger Ecosystem in the last 24 hours.

Bitcoin (BTC) and Ethereum (ETH) Price:

Note: BTC and ETH are often viewed as less volatile historically, but still risky. 

• Bitcoin (BTC) price today reached $91240.06, dipping by 1.36% in the last 24 hours, with a trading volume of $41.43 billion and a market cap of $1.82 trillion.

• Ethereum (ETH) is priced today at $3167.68, slightly dipping 2.7% in 24 hours with a trading volume of $22.1billion and a market cap of $382 billion.

Top 5 Trending Coins in 24 Hours:

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

• Dinosol (DINO) is at $0.001146, up 10.19%, with strong activity reflected in a $2.4M trading volume (TV).

• Yooldo (ESPORTS) is at $0.4315, down 6.32%, while recording a high $192.4 million in daily TV.

• Brevis (BREV) trades at $0.4597, gaining 24.53%, supported by a heavy $884.5 million TV.

• zkPass (ZKP) is at $0.1960, surging 62.02%, with $434.21 million in TV.

• KGeN (KGEN) stands at $0.2019, slipping 6.3%, despite a solid $520.43 million TV.

Top 3 Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• MYX Finance (MYX) is at $5.25, up 8.39%, with a trading volume of around $25.6 million.

• Canton (CC) is at $0.1395, gaining 2.88%, supported by a daily trading volume of nearly $26.3 million.

• Polygon (POL), formerly MATIC, trades at $0.1297, up 2.75%, while recording a high trading volume of about $91.2 million.

Top 3 Losers in 24 hours

(Ranked by 24-hour percentage loss)

• Pump.fun (PUMP) is at $0.002359, down 8.87%, with a heavy $135.3 million trading activity showing active selling pressure.

• Pudgy Penguins (PENGU) stands at $0.01205, slipping 7.26%, while recording a strong $208 million in daily TV.

• Story (IP) is at $2.02, declining 7.04%, with comparatively lower but notable trading activity of $49.8 million.

Stablecoins and Defi Update:

• Stablecoins noted a 0.2% negative change over the past 24 hours, with a market capitalization of $312 billion and trading volume of $94.7 billion.

• The Decentralized Finance (DeFi) market declined 3.6% over the last 24 hours, recording a market cap of $112.8 billion and trading volume at $4.36 billion. Defi dominance globally marked 3.5%.

Fear and Greed Index Today

Source: Alternative Me

Today’s Fear & Greed Index is 28 (Fear), down from 42 yesterday. Compared to 20 last week and 22 last month, sentiment slightly improved but remains cautious due to corrections, profit-taking, and macro uncertainty limiting investor confidence.

Latest Crypto Market News Today, 8 January 

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

Polycule Prediction Bot Hacked

Prediction markets TG Bot Polycule was hacked, affecting $230,000 in user funds. Launched by PMX Trade and backed by AllianceDAO, it marks the first major prediction Bot crypto theft case reported.

2. Crypto Whale Exits BTC Long After Pullback

A major crypto whale closed a large Bitcoin long after a pullback, booking a $3.8 million loss, despite earlier $96 million ETH profits, and withdrew most USDC from Hyperliquid exchange.

3. Flare Launches XRP Spot Trading on Hyperliquid

Flare launched the first XRP spot market on Hyperliquid, enabling FXRP/USDC trading, boosting DeFi use, on-chain liquidity, decentralized custody, and allowing seamless bridging back to the XRP Ledger after trading completion.

4. World Liberty Seeks US Trust Bank Charter

World Liberty Financial said its unit, World Liberty Trust, filed a de novo application with the OCC on January 7 to seek a national trust bank charter for issuing USD1.

5. US Senate Advances Crypto Market Bill

The US Senate Banking and Agriculture Committees will vote on January 15 on US crypto rules, advancing long-negotiated legislation toward Senate coordination, the House-passed Digital Asset Market Clarity Act, and President Trump’s approval.

6. JPMorgan to Launch JPM Coin on Canton Network

JPMorgan Kinexys and Digital Asset will deploy JPM Coin on the Canton Network in 2026, enabling issuance, transfer, and instant redemption, expanding compliant blockchain payments for institutions worldwide, and regulated finance.

Comparative Insight

Bitcoin is down 1.36%, whereas Ethereum fell 2.7%. Altcoins were split, with zkPass and Brevis skyrocketing, and memecoins and NFTs experiencing selling, which is indicative of selective risk-taking as opposed to industry recovery. Also, the fear index fell from 42 to 28 is huge.

What This Means for Crypto Users

Cryptocurrency users must be on the lookout because the market is volatile. Large volumes imply active trading, whereas declining sentiment and performance of mixed assets imply short-term uncertainty, and risk management, diversification, and news monitoring will be very important to navigate the existing conditions.

Risk Context: This commentary is not a long-term conditions commentary but only informational. It does not indicate the direction of the price or indicate an action to be taken on the investment.

CoinGabbar’s Opinion

Based on the last 24 hours Cryptocurrency update, the investing remains high-risk but selectively beneficial. There are opportunities in assets with good performance, but there is general caution because of the fear of the crowd, regulatory trends, and uneven price action across the major cryptocurrencies.

Disclaimer: This is not financial advice. Do Your Own Research before investing. CoinGabbar is not liable for any financial loss. The crypto assets are risky, and you may lose all your investments. Not all regions can offer some of the services or assets discussed.