Today Crypto Down: BTC at $89,254, ETH at $2,438, Trump Tariffs, ByBit Hack, Von, VANA Lead Top Gainers

Today, the wider digital asset market experienced a massive pullback. Over the past 24 hours, the market’s valuation decreased by 6.67% to $2.9 trillion. Also, the fear and greed index fell to 25, showing extreme fear among traders.

Due to significant declines in the market, most cryptocurrencies are trading down today; with Bitcoin’s price currently standing at $89,254 while Ethereum is at $2,438. The plunge has been triggered by investor anxiety over US tariffs and last week’s hack of $1.4 billion from ByBit.

Yesterday, Monday, Feb.24, the market crashed following remarks from President Trump stating that the US will proceed implementing tariffs on products imported from Mexico and Canada. The tariff plan was postponed to give room for dialogue between the three countries. Yesterday, Trump clarified that the US had been harmed by trading partners due to inflows of illicit imports and confirmed that the taxes will introduced as planned.

Today’s top gainers

Despite the broader market facing increased volatility, some assets have defied the downtrend.

DAILY GAINERS$VON +88.0% $VANA +44.5% $COW +30.3% $IP +24.8% $RATS +17.3% $REZ +14.3% $ELA +13.2% #AUCTION +9.0% $GSWIFT +8.3% $LAYER +7.8%#dailygainers pic.twitter.com/DOI35zGX18

— PHOENIX – Crypto News & Analytics (@pnxgrp) February 25, 2025

Von (VON)

In the past 24 hours, Von emerged as the top performer in today’s crypto market. The altcoin recorded a tremendous rise of 88%. Its trading volume also rose by 864.10%, showing increased participation from traders and investors. Despite its launch a month ago, VON has experienced an upsurge of 4944.1% over the period.

Vana (VANA)

Vana secured the second position with an incredible 44.5% price jump. The rise came after YZi Labs (formerly Binance Labs) invested an undisclosed amount of funds into the crypto-AI Vana. As part of this investment, Binance founder CZ joined Vana as a strategic advisor.

CoW Protocol (COW),

Next is the CoW Protocol, which recorded a 30.3% price rise. This impressive price jump has been triggered by heightened user interest following the token’s listing on Upbit’s trading platform recently.

Story (IP)

Story, an AI crypto token, settled on the fourth position with an increase of 24.8%, highlighting its robust upward momentum. Its transaction volume also surged by 72.50%, indicating increased trading activity in the network. Despite being launched a week ago, IP has reported a massive price rise of 132.5% over the duration.

Rats (RATS)

Rats took the fifth position with a 17.3% price rise and a 37.9% increase in trading volume. Its price has been up by 22.4% over the last two weeks, indicating a recent increase in interest and activity within its community.

Renzo (REZ)

Renzo took the sixth position with an increase of 14.3%. Data shows that its price has been up 12.1% over the last seven days, showing increasing interest in its liquid restaking platform.

Others

Other assets, which also gained visibility among today’s top performers, include Elastos, Bounce, GameSwift, and UniLayer.

While Elastos (ELA) recorded a price increase of 13.2%, it was followed by Bounce (AUCTION), which registered a 9.0% surge.

Lastly, GameSwift (GSWIFT) and UniLayer (LAYER) wrapped by today’s top performers’ list with an increase of 8.3% and 7.8% respectively.

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