The week is off to a rocky start. The crypto market dropped 1.43% in the last day, bringing total value down to $2.16 trillion. Things are tense in the Middle East (US-Iran war), and that fear is pushing people out of risky assets. Crypto is falling right alongside global stocks.
Bitcoin is going for $62,750 right now, down 1.55. But trading volume shot up 21% in the last day, traders are moving fast, trying to stay ahead of the swings.
It’s not just Bitcoin. XRP, Ethereum, BNB, Dogecoin, TRON, they’re all down too.
Everyone is watching one big level now: $2.13 trillion. If the market can hold that line, fine. But if it breaks? Things could get worse. And later this week, the U.S. drops new inflation numbers. That could make or break things.
Here’s why the market is down today.
What you'll learn 👉
Geopolitical Tensions Trigger a Broad Crypto Market Selloff
The main thing hitting the market today is what’s happening between the U.S. and Iran. The U.S. launched another round of strikes, the fourth one this week. People are getting more and more worried this could turn into a bigger conflict, and that oil supplies might get disrupted. So investors are running for cover. They’re pulling money out of stocks and crypto all at once.
And it’s not just digital coins feeling the pain. Asian stock markets got hammered too. South Korea’s KOSPI dropped 9.2%. Japan’s Nikkei fell 2.7%. China’s Shanghai Composite lost 2.3%. Taiwan’s market declined 3.1%. India’s NIFTY slipped 0.3%.
🚨 BLOODBATH in Asian Markets
— Bull Theory (@BullTheoryio) July 13, 2026
Over $950 BILLION wiped out from Asian stock markets following US-Iran strikes.
🇰🇷 South Korea's KOSPI is down -9.2%, wiping out ₩561,200,000,000,000 ($377 BILLION)
🇯🇵 Japan's NIKKEI is down -2.7%, wiping out ¥38,610,000,000,000 ($236 BILLION)… pic.twitter.com/oViumA2Ynr
Here’s something interesting though, crypto is moving in lockstep with gold right now, with a 77% correlation. That tells you people aren’t selling because of something specific to blockchain or Bitcoin. They’re selling because the whole world feels uncertain.
Liquidations and ETF Outflows Added More Selling Pressure
The decline became worse as leveraged traders were forced out of their positions. Over the last day, Bitcoin liquidations shot up 258% to $58 million. Most of that came from long positions, traders who bet the price would go up got burned.
Also, average funding rates across crypto futures dropped 61.34% down to 0.002264%. That means the bullish fever has broken. People aren’t piling into leveraged long bets like they were before. The excitement has cooled off.
Institutional demand also remained weak. Spot Bitcoin ETFs recorded another $95 million in net outflows, leaving the market without fresh buying support during the selloff. Crypto analyst CW noted that both spot demand and futures demand remain negative after nearly a week, adding that buying pressure needs to return before sentiment can improve.
$BTC futures demand has turned slightly negative again. Spot demand remains negative.
— CW (@CW8900) July 13, 2026
The current level has persisted for about a week.
While outflows have decreased compared to before, the bearish trend continues.
Buying pressure is needed to reverse this situation. We still… https://t.co/A2gonTGaMk pic.twitter.com/wv5sGpnpvr
Bitcoin Price Still Has One Potential Bullish Trigger
Despite today’s weakness, one market indicator continues to point toward possible upside once confidence returns.
Crypto analyst Crypto Patel noted that Binance’s Bitcoin reserve ratio has fallen to an all-time low. What that really means is there’s a lot of stablecoins on exchanges, ready to buy, but not a whole lot of Bitcoin for sale right now.
Bitcoin Is Sitting On A Powder Keg: Binance's $BTC Reserve Ratio Just Hit An All-Time Low.
— Crypto Patel (@CryptoPatel) July 13, 2026
There Are Fewer Bitcoin On The Exchange Relative To The Massive Amount Of Stablecoins Waiting On The Sidelines.
The Cash Exists.
The Buyers Don't.
Investors Are Still Waiting For A… pic.twitter.com/YxUwIni1g9
Put simply: the money is there. People have their cash parked and waiting. They’re just not pulling the trigger yet, they want lower prices first.
So here’s the thing. If the Bitcoin price does take another leg down and panic selling kicks in, that money on the sidelines could jump back in fast. And when that happens, the bounce could be stronger than anyone expects.
Related Bitcoin News: Bitcoin Price News: Mixed BTC ETF Flows, Strategy Still Has $1.25B in Dry Powder
The Crypto Market Faces a Busy Week Ahead
The next few days could decide where the crypto market goes from here. Monday brings remarks from a Federal Reserve president, Tuesday delivers the latest U.S. Consumer Price Index report, Wednesday brings the Fed’s Beige Book, Thursday features initial jobless claims, and Friday ends the week with fresh U.S. GDP data.
BREAKING:
— Crypto Tice (@CryptoTice_) July 13, 2026
Next week is stacked.
> Monday. Fed President announcement.
> Tuesday. U.S. CPI data.
> Wednesday. Beige Book economic report.
> Thursday. Initial jobless claims.
> Friday. U.S. GDP data.
Five days. Five market-moving events.
CPI still at 4.2%. The Fed discussing… pic.twitter.com/pgRhgQgx5Y
Among those events, Tuesday’s CPI report is likely to have the biggest impact. A lower-than-expected inflation reading could improve expectations for future interest rate cuts and support the Bitcoin price along with the wider crypto market.
A hotter inflation print, however, may keep pressure on risk assets and increase the chances of another test of the $2.13 trillion crypto market support level.
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