Crypto Market Sees Stark Divergence: Bitcoin Dips 1.5% While JasmyCoin Explodes 25% in 24 Hours
The crypto market just delivered a masterclass in selective momentum—one giant stumbles while an underdog sprints ahead.
Bitcoin's Brief Pause
The flagship asset took a modest breather, trimming a slice off its recent gains. It's a classic consolidation move—hardly a cause for alarm in a long-term bull cycle, but a reminder that even kings don't move in a straight line.
JasmyCoin's Meteoric Surge
Meanwhile, JasmyCoin ripped through the charts with a staggering single-day rally. The 25% surge highlights the explosive potential lurking in specific altcoin narratives when market sentiment shifts. It's the kind of move that turns cautious observers into frantic FOMO buyers overnight.
This split-screen action underscores the market's current phase: capital isn't flooding in uniformly; it's hunting for the next narrative with surgical precision. While Bitcoin sets the foundational tone, the real fireworks—and the real risk—are in the altcoin rotations. One day's top performer can be the next day's liquidation, proving once again that in crypto, the only constant is volatility itself. Just ask any trader who's ever tried to time the top of a 'sure thing'—their portfolios are the real financial history museums.
Major Crypto Events Today
Source: Forex Factory
24-Hour Crypto Market Update: Prices, Volume & Trends
The global cryptocurrency market today recorded a capitalization of $3.26 trillion, reflecting a 0.6% downward trend in the last 24 hours. Total trading volume noted $149.5 billion.
Bitcoin’s (BTC) dominance over the industry remains intense, with 56.6%, while ethereum (ETH) carries 12%. As of now, 19911 cryptocurrencies are being tracked. The largest gainers of the industry are Polkadot and XRP Ledger Ecosystem in the last 24 hours.
Note: BTC and ETH are often viewed as less volatile historically, but still risky.
Bitcoin (BTC) price today reached $92554, declined 1.51% in the last 24 hours, with a trading volume of $53.5 billion and a market cap of $1.84 trillion.
Ethereum (ETH) is priced today at $3255, slightly up 0.7% in 24 hours, with a trading volume of $27.4 billion and a market cap of $392.9 billion.
(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)
Bitcoin (BTC) trades at $92,402.61, down 1.72%, with trading volume (TV) of about $53.86 billion.
Ethereum (ETH) is priced at $3,245.31, posting a modest 0.32% gain and recording around $27.39 billion in TV.
Solana (SOL) trades at $139.24, rising 0.69%, backed by TV of $5.79 billion.
JasmyCoin (JASMY) moves at $0.009560, gaining 25.58%, supported by TV of around $227.93 million.
Brevis (BREV) trades at $0.3413, down 17.87%, with a TV of $259.29 million.
(Ranked by 24-hour percentage gain)
JasmyCoin (JASMY) rose 23.63% to $0.009325, recording a strong trading activity of about $224.8M, showing high market participation.
MemeCore (M) gained 5.25% to $1.69, with a comparatively lower but steady trading activity of around $15.1M.
Bittensor (TAO) increased 4.72% to $283.32, backed by a solid trading activity of nearly $246.9M, reflecting continued investor interest.
(Ranked by 24-hour percentage loss)
NIGHT (Midnight) trades at $0.07769, dips 9.48%, with trading volume of $60.8 million, yet it underperformed compared to broader market movers.
PEPE (Pepe) is priced at $0.056546, drops 6.87%, recording a trading volume of $888 million, lag behind top-performing memecoins.
BONK (Bonk) stands at $0.00001169, down 6.68%, with a trading volume of $474.6 million, remaining a relative loser as buying momentum stayed weaker than peers.
Stablecoins remained stable over the past 24 hours, with a market capitalization of $311.4 billion and a trading volume of $117.9 billion.
The Decentralized Finance (DeFi) market rose 0.5% over the last 24 hours, with a market cap of $115.2 billion and a trading volume of $5.8 billion. Defi dominance globally marked 3.5%.
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index stands at 42 (Fear), down from 44 yesterday but sharply higher than 21 last week and 20 last month. This suggests easing panic, gradual confidence recovery, yet investors remain cautious amid uncertain momentum.
Latest Crypto Market News Today, 7 January
(Note: All of these updates affect traders, as they affect liquidity, sentiment, and potential returns, and thus have to be monitored closely.)
The U.S. officials can confiscate Venezuelan crypto associated with sanctions, such as Tether-based oil transactions and Bitcoin, which can keep the assets rather than sell them, a move that is viewed as a move in favor of the Bitcoin sentiment.
Bitcoin mining company Marathon Digital moved 519.46 BTC, a value of approximately $48.3 million, to crypto broker FalconX, indicating that treasury operations are regular during the market action.
Bitcoin Depot settled the Maine scam victims by paying them $1.9 million as a loss between 2022-2025 through crypto ATMs, and the claims were to be paid on April 1, 2026, and the payments were to be received in May under the settlement agreement.
Discord has applied for an IPO privately. The San Francisco chat application is worth $15 billion, and it collaborates with Goldman Sachs and JPMorgan and has over $200 million users across the world.
SharpLink reported earning 438 ETH in staking rewards last week, raising total rewards to 10,657 ETH, worth about $1.4 million, while continuing its fully staked Ethereum treasury strategy unchanged policy.
Coinbase added MegaETH (MEGA) to its listing roadmap. Trading will begin later, once market-making support and technical systems are ready, with the exact launch time announced separately by the Coinbase team.
Comparative Insight
Compared to the January 6 crypto market update, today’s overall cryptocurrency fell from $3.3T to 3.26T, volumes increased to $149.5B, both BTC and ETH went negative, and sentiment improved slightly to 44 to 42, indicating post-optimism consolidation.
What This Means for Crypto Users
Short-term volatility is to be anticipated with fluctuating trends. As large holdings are being concentrated, there are chances in high-performing altcoins. Risk management remains essential as sentiment improves gradually, but uncertainty still influences price movements.
Risk Context: This commentary is only informational and not for long-term conditions. 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 24-hour update, crypto investing remains moderately risky but selectively beneficial. Long-term conviction assets remain stable, while short-term traders should stay cautious, focus on volume-backed moves, and avoid overexposure during sentiment transitions.
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.
