A sharp warning from the Financial Standards Authority (FSA) has triggered a 10% correction across major cryptocurrencies, shaking investor confidence as the market faces its steepest single-day drop since the 2025 peak. Despite the broader pullback, select altcoins defied the trend with explosive gains, led by BASED's 135% surge and SIREN's 124% rally, highlighting extreme volatility and diverging sector performance. The sell-off coincides with rising stablecoin inflows and surging DeFi activity, suggesting a complex market rotation beneath the headline panic.

Major Crypto Market Events Today

Source: Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global crypto market today reached a capitalization of $2.63 trillion, with a 0.6% upward trend in the last 24 hours, while total trading volume was recorded at $120.3 billion.

Bitcoin’s (BTC) dominance in the industry remains strong at 56.9%, while Ethereum (ETH) holds 10.7%. The largest gainers in the industry over the past day are Tokenized Treasury Bills (T-Bills )and the XRP Ledger Ecosystem.

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $74,768.77, rose by 0.16% in the last 24 hours, with a trading volume of $41 billion and a market cap of $1.49 trillion.

• Ethereum (ETH) price today is at $2335.75, dipped 0.77% in 24 hours with a trading volume of $19.91 billion and a capitalization of $281 billion.

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

• Bitcoin price (BTC): $74,736.93, up 0.19% in the last 24 hours, trading volume (TV): $41.01B.

• XRP price (XRP): $1.43, up 2.45%, TV: $4.08B.

• Solana price (SOL): $88.47, up 4.3%, TV: $6.2B.

• Siren price (SIREN): $1.89, jumps 123.91%, TV: $159.43M.

• ORDI price (ORDI): $9.92, rises 177.85%, TV: $1.42B.

• Based price (BASED): $0.2060, skyrockets 134.68%, TV: $584.33M.

(Ranked by 24-hour percentage gain):

• Siren price today (SIREN): $1.89, surge 124.04%, trading activity $159.53M.

• RaveDAO price today (RAVE): $16.82, climbed 55.26%, trading activity $319.02M.

• MemeCore price today (M): $3.77, jump 31.94%, trading activity $25.54M.

(Ranked by 24-hour percentage loss):

• DeXe price today (DEXE): $11.15, fell 7.76% trading activity of $18.78M.

• Monad price today (MON): $0.03433, slipped 4.31%, trading activity $99.00M.

• Dash price today (DASH): $37.02, decline 3.02%, trading activity $104.88M.

• Stablecoins reflects 1.1% positive change over the past 24 hours, with a market capitalization of $316 billion and trading volume of $102 billion.

• The Overall (Defi) Decentralized Finance market increased 1.9% over the last 24 hours, recording a capitalization of $55.3 billion and trading volume (TV) at $6 billion. Defi dominance globally marked 2.1%.

Fear and Greed Index Today

Source:  Alternative Me

Today’s Crypto market Fear and Greed Index is 21, signaling extreme fear. It fell from 23 yesterday and 26 last month, but rose from 16 last week. The reading suggests risk aversion, weaker confidence, defensive positioning, deleveraging, and uncertainty across markets.

Latest Crypto Market News Today, April 17

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

Yuga Labs moved Greg Solano to board chairman, while product chief Michael Figge became CEO, as the company pushes ahead with its metaverse project, Otherside.

OKX Ventures warned that scammers are impersonating its email accounts to target projects and users, urging everyone to verify messages through official Telegram channels carefully.

21Shares has listed its Strategy Yield ETP, 21ST, on Xetra and other European exchanges, offering bitcoin-backed yield exposure through Strategy’s underlying bitcoin assets for investors.

Charles Schwab will roll out spot Bitcoin and Ether trading for retail clients, combining cryptos and portfolios, with custody from Schwab and execution by Paxos.

Rhea Finance lost at least $7.6 million in an exploit using fake contracts and liquidity, while Tether froze about 3.29 million USDT linked to hackers.

Russian exchange Grinex said a cyberattack caused losses of nearly 1 billion rubles, suspended trading, and sent investigators after suspicious outflows converted into ETH and TRX.

Comparative Insight

Compared with the April 16 crypto market update, April 17 showed stronger activity and liquidity. Total capital rose from $2.6T to $2.63T, while trading volume increased from $97.9B to $120.3B. BTC improved slightly, but ETH weakened. Fear & Greed fell from 23 to 21, showing sentiment worsened despite better flow. Stablecoins and DeFi also expanded on April 17, suggesting stronger capital movement, but hacks and scam warnings kept risk elevated.

What This Means for Cryptocurrency Users

For crypto market users, this update means an opportunity exists, but caution is essential. Large-cap assets remain stable, meme and tokens are volatile, scams and hacks persist, and fear is elevated, so users should verify platforms, manage exposure, and avoid rash moves.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

This 24-hour crypto market update suggests cryptocurrency remains risky, though selective opportunities are visible. Gains in trending tokens look attractive, but extreme fear, hacking incidents, and uneven performance show that benefits favor disciplined, informed participants rather than short-term speculators chasing sudden momentum.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. All regions are not able to provide all the services or assets in question.