The global crypto market capitalization fell to $3.11 trillion in the last 24 hours, down 0.5%, while total trading volume reached $118.4 billion. Bitcoin and Ethereum both moved lower, and the Fear and Greed Index came in at 25, keeping sentiment in the Extreme Fear zone.
Bitcoin and Ethereum drift lower while market share stays concentrated
Market data in the report showed Bitcoin at $89,356.81, down 0.36% over 24 hours, with volume at $38.49 billion and market capitalization near $1.78 trillion. In the report’s separate trending section, BTC was listed at $89,426.45, off 0.34%. Ethereum was quoted at $2,950, down 0.36%, with $22.07 billion in volume and a market cap of about $356 billion; the trending table showed ETH at $2,951.98, down 0.29%.
Bitcoin’s market dominance stood at 57.5%, while Ethereum held 11.5%. The source said the strongest-performing ecosystems over the past day were Polkadot and XRP Ledger, pointing to selective strength in altcoins even as broader trading stayed cautious.
KAIA tops gainers, LIT leads the decliners
Among the top 24-hour gainers, KAIA traded at $0.07258 after climbing 35.01%, with trading activity of $95.69 million. DoubleZero (2Z) rose to $0.1389, up 10.68%, and Canton (CC) advanced to $0.156, up 8.31%.
On the downside, Lighter (LIT) changed hands at $1.67, down 6.16%, with trading activity at $132.39 million. MemeCore (M) fell 5.07% to $1.58, and Internet Computer (ICP) slipped 4.79% to $3.45. In the trending list, XRP was priced at $1.91, easing 0.21% on volume of $2.4 billion.
Stablecoins and DeFi post slight gains as sentiment turns sharply
Stablecoins recorded a 0.1% increase over the past day, bringing market capitalization to $312.6 billion and trading volume to $94.2 billion. The DeFi market rose 0.4%, with capitalization at $107 billion, trading volume at $3.9 billion, and global dominance at 3.5%.
Sentiment data from Alternative Me placed today’s Fear and Greed Index at 25, slightly above 24 a day earlier. A week ago, the reading was 50, which was neutral. The source linked the rapid decline in sentiment to falling prices, softer volumes, and macro uncertainty.
Mainnet upgrade, ETF filing, and listing roadmap add to the news flow
Outside price action, the report highlighted several developments. Tether-backed Layer 1 blockchain Stable is set to upgrade its mainnet to version 1.2.0 on February 4, shifting gas to USDT0 and improving staking transparency, indexing, and developer compatibility.
OCC Comptroller Jonathan Gould said the agency would fairly review World Liberty Financial’s bank charter application and reject political pressure. The report added that WLF plans to independently issue and manage approval for its USD1 stablecoin. BNB Chain executive Nina Rong also warned that the CoinMarketCap account may have been hacked, saying teams were investigating and urging users to stay cautious about investment advice posted on social media.
On-chain and exchange-related updates also drew attention. CryptoQuant data showed GameStop transferred all 4,710 BTC to Coinbase Prime, a move the source said may indicate preparation for a sale. Based on an estimated purchase price near $107,900 and a sale price around $90,800, the implied loss could reach $76 million. Coinbase Markets added Doodles (DOOD) and Moonbirds (BIRB) to its listing roadmap, with trading to begin later depending on market-making support and technical readiness. The source also said Grayscale filed an S-1 for a BNB ETF with the SEC on January 23, 2026 and aims to launch a public offering shortly after the filing becomes effective.