If you are using a webkit browser you can change the color of the caret by following the next CSS snippet. I'm not sure if It's possible to change the format with CSS.
input,
textarea {
font-size: 24px;
padding: 10px;
color: red;
text-shadow: 0px 0px 0px #000;
-webkit-text-fill-color: transparent;
}
input::-webkit-input-placeholder,
textarea::-webkit-input-placeholder {
color:
text-shadow: none;
-webkit-text-fill-color: initial;
}
Here is an example: http://jsfiddle.net/8k1k0awb/