Latest Crypto News Update for July 13, 2026
Top Story
Bitcoin slipped 1.58% to $62,789 over the last 24 hours while Ethereum fell 0.91% to $1,777. The market's biggest coins traded lower, but the selloff was selective, not panic-driven. Bitcoin dominance stayed elevated because BTC's market cap still dwarfs the rest of the market.
The real story was a sharp rotation into smaller, high-beta names. DEXE jumped 15.34%, KITE rose 16.88%, and JTO gained 10.14% on the day. At the same time, several top-300 names sold off hard, including PI at -11.05% and LIT at -9.48%. This split shows traders were not broadly de-risking; they were rotating out of large caps and into event-driven altcoins.
The market reaction kept the tape mixed. Bitcoin held above $62,000 support, while altcoin volume spiked in names with $30M+ daily turnover. LAB crashed 20% on $72.56M volume after reports of an 18.4 million-token insider sale, marking the day's sharpest large-cap breakdown.
The next 24 hours will likely hinge on whether the altcoin bid broadens or fades. If BTC keeps slipping while small caps keep ripping, the market is in a pure rotation phase. If the rotation reverses, large-cap weakness could accelerate.
Major Price Moves
Market Overview
Bitcoin ranked first at $62,789.38, down 1.58% on $18.43B in volume. Ethereum ranked second at $1,777.28, down 0.91% on $12.83B in volume. The two leaders were softer, but still dominated liquidity and set the tone for the broader market.
Top 10 Gainers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| MPRD (Maya Preferred) | $792,743.74 | 296.86% | $11.92M | |
| CZ (The Final Form Bull) | $0.0227 | 237.21% | $30.74M | |
| TESTIBULL (testibull) | $0.0005448 | 114.50% | $21.82M | |
| FEBU (febu) | $0.0028457 | 73.30% | $5.65M | |
| TCC (TCryptochicks) | $0.0066057 | 66.93% | $5.26M | |
| BLAST (Blast) | $0.0003759 | 37.70% | $15.04M | |
| XEC (eCash) | $0.000007042 | 37.21% | $49.18M | |
| ANSEM (The Black Bull) | $0.2614 | 35.65% | $34.71M | |
| EPT (Balance) | $0.0005334 | 34.62% | $6.81M | |
| DCR (Decred) | $14.7028 | 33.31% | $14.43M |
Top 10 Losers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| LAB (LAB) | $0.3806 | -20.00% | $72.56M | |
| NEX (Nexus) | $0.0000017735 | -18.97% | $6.16M | |
| GWEI (ETHGas) | $0.0527 | -13.43% | $7.94M | |
| TIBBIR (Ribbita by Virtuals) | $0.1136 | -11.60% | $1.23M | |
| PI (Pi Network) | $0.0869 | -11.05% | $16.32M | |
| LIT (Lighter) | $2.4091 | -9.48% | $55.18M | |
| ARB (Arbitrum) | $0.0919 | -7.47% | $124.23M | |
| BP (Backpack) | $0.5412 | -7.45% | $2.30M | |
| STX (Stacks) | $0.1648 | -6.33% | $12.34M | |
| M (MemeCore) | $1.2009 | -6.19% | $13.90M |
Top 20 by Market Cap
| Rank | Coin (symbol + name) | Price | 24h % | 24h Volume | Market Cap | |
|---|---|---|---|---|---|---|
| 1 | BTC (Bitcoin) | $62,789.38 | -1.58% | $18.43B | $1.26T | |
| 2 | ETH (Ethereum) | $1,777.28 | -0.91% | $12.83B | $214.49B | |
| 3 | USDT (Tether) | $0.9993 | -0.01% | $32.20B | $184.16B | |
| 4 | BNB (BNB) | $568.67 | -0.80% | $416.97M | $76.65B | |
| 5 | USDC (USDC) | $0.9997 | -0.01% | $7.26B | $73.36B | |
| 6 | XRP (XRP) | $1.0779 | -1.62% | $1.10B | $67.33B | |
| 7 | SOL (Solana) | $76.3036 | 0.12% | $2.27B | $44.43B | |
| 8 | TRX (TRON) | $0.3298 | 0.17% | $234.24M | $31.28B | |
| 9 | STETH (Lido Staked Ether) | $1,776.23 | -0.97% | $7.58M | $16.33B | |
| 10 | HYPE (Hyperliquid) | $65.1109 | -2.71% | $287.36M | $14.48B | |
| 11 | DOGE (Dogecoin) | $0.0723 | -1.21% | $578.43M | $11.21B | |
| 12 | ZEC (Zcash) | $517.7090 | -0.25% | $1.76B | $8.69B | |
| 13 | WBTC (Wrapped Bitcoin) | $62,776.96 | -1.41% | $75.07M | $7.29B | |
| 14 | AUDM (Mento Australian Dollar) | $0.6935 | -0.18% | $11.06K | $6.82B | |
| 15 | WBT (WhiteBIT Coin) | $55.0215 | -1.66% | $28.09M | $6.49B | |
| 16 | XLM (Stellar) | $0.1833 | -2.01% | $142.64M | $6.26B | |
| 17 | XMR (Monero) | $331.0353 | 0.82% | $52.85M | $6.22B | |
| 18 | ADA (Cardano) | $0.1602 | -2.51% | $296.56M | $5.97B | |
| 19 | LINK (Chainlink) | $7.9421 | -0.56% | $196.44M | $5.94B | |
| 20 | CC (Canton) | $0.1340 | -1.61% | $7.18M | $5.23B |
Market Cap & Dominance Context
Bitcoin commands 49.5% of the top-20 cryptocurrency market cap at $1.259T, with the remaining $1.283T distributed across 19 other major assets. This near-parity split reflects BTC's continued dominance while showing meaningful diversification in the broader crypto ecosystem.
The horizontal bar chart illustrates the steep hierarchy within major cryptocurrencies. Bitcoin's $1.259T market cap dwarfs the second-ranked asset (ETH at $214.5B), a 5.9x difference. The top 5 coins (BTC, ETH, USDT, BNB, USDC) account for approximately 73% of the top-20 total market cap, underscoring concentration risk in the broader market. Stablecoins USDT ($184.2B) and USDC ($73.4B) rank 3rd and 5th, reflecting their critical role as trading pairs and settlement layers.
Other Key Events
LAB's insider selloff triggered a 20% collapse
LAB crashed 20% to $0.3806 on $72.56M volume after reports surfaced of an entity initially funded by the LAB team selling 18.4 million tokens. ZachXBT publicly linked the crash to insider supply concentration. LAB's team denied a hack or rug pull and said the roadmap remains unchanged, but the market treated the denial as secondary to the supply overhang. The token had already collapsed nearly 100% from its peak in prior weeks, and this latest move deepened the selloff. Traders will now watch whether the team addresses the alleged token sale and whether the upcoming unlock schedule adds more supply pressure.
Bonzo Finance's $9M oracle exploit on Hedera
Bonzo Lend, Hedera's largest lending protocol by TVL, was hit by a $9.05 million oracle exploit on July 11. The attack came from Supra's oracle verification path, not from Bonzo's own contracts or Hedera's core network. An attacker deposited 250 SAUCE, then submitted a manipulated oracle update that inflated SAUCE by roughly 12 orders of magnitude. The protocol accepted the bad price and allowed oversized borrowing of 6.63 million USDC and 34.5 million WHBAR. Bonzo paused Bonzo Lend and Bonzo Points immediately, while Bonzo Vaults, Bonzo Bridge, and BONZO/XBONZO staking remained running. Supra acknowledged the issue and deployed a fix. Bonzo said reimbursement, withdrawals, and remediation updates will follow after investigations finish.
Clarity Act draft could land this week, keeping U.S. regulation in focus
CoinDesk reported that a new draft of the Digital Asset Market Clarity Act may circulate this week, combining Banking and Agriculture Committee versions with roughly 70 additional pages. The bill is not yet ready for a vote because key disagreements remain unresolved, particularly around ethics language. Senate Democrats want conflict-of-interest restrictions covering senior officials, including the president. The White House has not signed off on the merged text. Floor action is targeted for the week of July 20, with the bill needing 60 votes to clear the Senate. This regulatory uncertainty keeps policy risk in the background for Bitcoin and the broader market.
In Brief
- DEXE rose 15.34% to $46.33 on $138.27M volume, posting an 85.23% weekly gain and leading large-cap outperformance.
- Worldcoin gained 6.57% on $275.71M volume, staying liquid while the broader market weakened.
- Pump.fun added 9.05% on $43.40M volume as meme-coin narratives stayed active.
- GWEI (ETHGas) fell 13.43% to $0.0527 on $7.94M volume, driven by fading airdrop hype and weak Ethereum gas demand.
- ARB (Arbitrum) dropped 7.47% to $0.0919 on $124.23M volume, with monthly unlock pressure of 90–100 million ARB cited as a structural headwind.
What to Watch
- Bitcoin support near $62,000. A break below that level would pressure the top-20 complex and likely trigger broader de-risking.
- Ethereum holding $1,750. A move under that level would extend the 24-hour slide and signal weakening large-cap conviction.
- DEXE's next test above $46 after a 15.34% daily jump. Failure to hold would suggest the rotation is fading.
- LAB unlock timing later this month. Additional supply entering the market could deepen the selloff if the team does not address the insider-sale allegations.
- Clarity Act merged draft landing by July 13–14. Floor scheduling for the week of July 20 would be the next catalyst for regulatory-driven price action.