Crypto Fear Index Drops to 7 as ENSO Jumps 46% in a Mixed Market

Crypto Fear Index Drops to 7 as ENSO Jumps 46% in a Mixed Market

N
News Editor 01
2026-07-24 01:50:16
The crypto market cap rose to $2.38 trillion over 24 hours, but the Fear & Greed Index fell to 7. Bitcoin gained 1%, Ethereum edged lower, ENSO surged 46.07%, while ARB and PI posted losses.
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The global cryptocurrency market reached a total capitalization of $2.38 trillion, up 0.3% over the past 24 hours. Price action was mixed, and sentiment stayed weak. The Crypto Fear & Greed Index fell to 7, down from 9 yesterday and a week ago, while the reading one month earlier was 24.

Total market trading volume stood at $87.5 billion. Bitcoin continued to lead the market with 56.4% dominance, while Ethereum accounted for 9.92%. Large-cap tokens moved only modestly, but several altcoins recorded much sharper gains and losses.

Bitcoin Adds 1% While Ethereum Slips Slightly

Bitcoin traded at $67,288.95, up 1% in 24 hours, with volume of $31.7 billion and a market capitalization of $1.34 trillion. Ethereum changed hands at $1,957.32, down 0.13%, with $17.5 billion in trading volume and a market cap of $236.2 billion.

Among other widely followed tokens, XRP was priced at $1.41, down 0.21% on the day with $2.32 billion in volume. BNB traded at $607.21, posting a 0.39% gain, while daily volume reached $1.44 billion.

ENSO Leads Gainers, ARB and PI Fall Back

ENSO posted the strongest move among the tokens listed, rising to $1.71 after a 46.07% jump in the last 24 hours. Its trading volume came in at $217.46 million. RAVE climbed to $0.4967, up 29.35%. KITE advanced 13.41% to $0.2542, NIGHT gained 9.44% to $0.06295, and VIRTUAL added 4.14% to trade at $0.6437.

On the losing side, Arbitrum fell to $0.09678, down 9.87%. PI dropped 5.92% to $0.1763, and MemeCore declined 5.55% to $1.34. Falcon Finance also edged lower, slipping 0.31% to $0.07942.

Stablecoins Edge Higher as Bitdeer Unveils $300M Notes Plan

The stablecoin segment rose 0.1% over the same period, with a market capitalization of $309.5 billion and trading volume of $67.5 billion. The DeFi sector increased 0.5%, reaching a total market cap of $49.5 billion and $3.5 billion in trading volume. DeFi dominance was reported at 2.1%.

In corporate news, Bitcoin miner Bitdeer said it plans to issue $300 million in convertible senior notes due 2032. The company said the proceeds are intended for data centers, HPC and AI cloud expansion, ASIC research, and repurchasing its 2029 notes. Separately, ether.fi said its Cash debit card will move to OP Mainnet, while the figures tied to Optimism include 70,000 cards, 300,000 accounts, and $160 million TVL.

Compared with the previous day, the market had been down 1%, but the latest 24-hour window showed a mild recovery. That rebound in capitalization came even as the sentiment gauge weakened, leaving the market in a state of cautious trading and uneven risk appetite.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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