Traditional Finance Drop Alert: XPTUSD fell over 2%

LUNA (Terra) increased by 6.08% over the past 24 hours, with a market capitalization of approximately $45.4 million

Gate News Bot Message, February 24th, according to CoinMarketCap data, LUNA (Terra) is currently trading at $0.06, up 6.08% in the past 24 hours, reaching a high of $0.07 and a low of $0.06. The 24-hour trading volume is $19.6 million. The current market cap is approximately $45.4 million, an increase of $2.6 million from yesterday.

Bitcoin has fallen for five consecutive months, dropping below $63,000 again.

The cryptocurrency market continues to be sluggish, with Bitcoin falling below $63,000 and the panic index at an extreme fear level. Global stock markets have declined due to AI and geopolitical risks, while precious metals are favored. Tensions between Trump and Iran have escalated, and new tariff policies have triggered market panic, boosting risk aversion. Analysis indicates that the Bitcoin market needs to restore demand, and liquidity is expected to gradually recover.

MET (Meteora) has decreased by 15.59% over the past 24 hours, now trading at $0.17

Gate News Bot message, according to CoinMarketCap data, as of press time, MET (Meteora) is currently priced at $0.17, down 15.59% in the past 24 hours, with a high of $0.23 and a low of $0.17. The 24-hour trading volume reached $25.9 million. The current market capitalization is approximately $83.2 million, a decrease of about $15.36 million compared to yesterday.

Bitcoin drops below $63,000! Tariffs and geopolitical tensions heat up, triggering a sell-off, with a 27% decline so far this year.

Bitcoin plummeted over 5% due to rising global tariffs and increased Middle Eastern geopolitical risks, breaking below the $63,000 psychological level. It has declined a total of 27% this year. Market analysis suggests that this drop is driven by a risk sentiment reset rather than a crisis unique to the crypto market. Changes in the macro liquidity environment will continue to impact the performance of crypto assets.

FOGO (Fogo) increased by 13.16% in the past 24 hours

Gate News Bot Message, February 24 — According to CoinMarketCap data, as of press time, FOGO (Fogo) is trading at $0.03, up 13.16% in the past 24 hours. The price reached a high of $0.03 and dipped to a low of $0.02. The current market cap is approximately $105 million, an increase of $12.3 million from yesterday. Fogo is an L1 blockchain built for traders, featuring a 40-millisecond block time and 1.3-second confirmation time. The chain uses a custom Firedancer client to ensure stability and speed, is compatible with the Solana Virtual Machine, and supports all Solana applications and tools. Validator nodes are deployed across Asia and various global locations to ensure low latency and high reliability. The ecosystem includes Ambient Finance (leveraged perpetual contract trading), Valiant (spot trading)

Bitcoin drops below $63,000, triggering extreme panic; key support levels face testing

February 24 News, Bitcoin continues to be under pressure amid market "extreme panic" sentiment, with the price once dropping to around $62,700. It then rebounded slightly above $63,000, with a 24-hour decline of over 3%. The overall crypto market also weakened, with the total market capitalization of digital assets falling back to approximately $2.25 trillion. Meanwhile, mainstream assets such as Ethereum, XRP, and Solana have all experienced varying degrees of correction, indicating a significant cooling of risk appetite. Presto Research analyst Min Jung pointed out that this recent drop below $63,000 for Bitcoin reflects more of a deterioration in market sentiment rather than a single fundamental change. Macroeconomic uncertainties regarding tariffs and rising geopolitical risks have led funds to shift toward safe-haven assets, weakening short-term demand elasticity for crypto assets. The Fear and Greed Index has fallen to 5, in the extreme pessimistic range in history, indicating that market sentiment is approaching a temporary bottom.