Crypto News Today (July 13): Bitcoin Falls Below $63,000 as Fresh Iran Strikes Rattle Markets

Last Updated: July 13, 2026

Crypto markets fell broadly on July 13, 2026, after the US carried out a fourth round of strikes on Iran and Tehran reportedly closed the Strait of Hormuz again, spiking oil prices and reviving inflation concerns across risk assets. Bitcoin dropped below $63,000 and its 200-week moving average, while Ethereum and most altcoins fell in tandem. Beyond the price action, Ripple’s CEO revealed the company once considered winding down entirely, and a heavy macro calendar this week — Fed testimony, CPI data — looms over the market’s next move.

Today’s Top Stories

Bitcoin Falls Below $63,000 on Iran-Driven Oil Spike

BTC fell as much as 2.6% to $62,478 before stabilizing near $62,800-$62,968, slipping back below its 200-week moving average for the first time since a brief dip earlier this cycle. The selloff followed the fourth round of US strikes on Iran this week and a reported closure of the Strait of Hormuz, which sent oil prices sharply higher and revived inflation fears. A smaller Asian-session leverage flush added to the move, though liquidations were modest relative to prior stress events. Ether fell in tandem, down about 2.6% to trade near $1,780-1,786. For live price levels and technical analysis, see Bitcoin News Today and Ethereum News Today.

Garlinghouse Reveals Ripple Once Considered Winding Down

Ripple CEO Brad Garlinghouse disclosed that he and co-founder Chris Larsen seriously weighed shutting the company down and distributing its XRP holdings directly to shareholders rather than fighting the SEC’s December 2020 lawsuit. Ripple ultimately chose to fight — a years-long legal battle that concluded favorably on the question of XRP’s status in secondary-market sales, but one that came close to never happening at all. See XRP News Today for more.

Heavy Macro Calendar Looms: Warsh Testimony, CPI, FOMC

Fed Chair Kevin Warsh begins semiannual testimony this week — before the House Financial Services Committee Tuesday and the Senate Banking Committee Wednesday — with markets pricing a 78.5% probability of no change at the July FOMC meeting and zero rate cuts priced for 2026. June CPI data lands July 14, with the Fed’s next policy decision due July 28-29. Core inflation currently sits at a three-year high of 4.2%, keeping the macro backdrop a central driver of crypto price action alongside geopolitical risk.

Stablecoin Market Cap Shrinks by $10 Billion Since May

Stablecoin market capitalization has fallen by roughly $10 billion since May, including a $7.7 billion drop in June alone — the largest monthly dollar decline since the May 2022 Terra-Luna collapse. Analysts note the decline doesn’t appear to reflect a Terra-style crisis and expect stablecoins to resume their longer-term growth trend, though the pullback is notable given how central stablecoin issuance has become to broader crypto market liquidity.

AI Agents Uncover Real Ethereum Validator Bug

The Ethereum Foundation confirmed that coordinated AI agents pointed at validator software discovered a genuine, remotely triggerable crash bug, alongside a large volume of confident but ultimately false-positive findings. The exercise highlights both the growing usefulness of AI in security research and the continued necessity of expert human review to separate real vulnerabilities from convincing-sounding false alarms.

Bitcoin’s BIP 110 Fork Deadline Nears With Zero Miner Support

Bitcoin’s BIP 110 proposal, which would cap arbitrary data storage on the network for a year, faces an approaching deadline with miner support reportedly at zero. Michael Saylor, Adam Back, and others have warned that forcing a consensus fight over the underlying spam-policy dispute risks creating more disruption than the spam problem it’s meant to address.

Dogecoin Tests Key Support as Broader Market Pulls Back

DOGE slipped toward its closely watched $0.072 support zone alongside the broader market’s Iran-driven decline, even as ÐOGE Pay’s merchant rollout continues advancing toward a Q3 2026 target. See Dogecoin Price Today for full details.

Market Snapshot

Asset	Price	24h
Bitcoin (BTC)	~$62,800	-1.4% to -2.6%
Ethereum (ETH)	~$1,783	-2.6%
XRP	~$1.08	-1.3% to -2%
Solana (SOL)	~$76	-1.6%
BNB	~$574	flat to slightly down
Dogecoin	~$0.074	testing support

For full price data, support/resistance levels, and technical analysis, see Crypto Market Today.

What to Watch This Week

• Fed Chair Warsh’s semiannual testimony, July 14-15 — House Tuesday, Senate Wednesday; markets will parse for any softening or hardening of the hawkish June stance
• June CPI data, July 14 — a key input for whether the Fed’s no-cuts-in-2026 pricing holds
• FOMC meeting, July 28-29 — the next formal rate decision
• BIP 110 fork deadline — watch for how the near-zero miner support resolves
• Whether Iran-related tensions escalate further or stabilize — the dominant near-term driver of risk sentiment across both crypto and traditional markets

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This page is updated regularly with the latest crypto news and market developments. Nothing on this page constitutes financial advice. Always conduct independent research before making investment decisions. Most of the assets above are accessible through major centralized exchanges (Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, Bybit), with Bitcoin and Ethereum also accessible through regulated spot ETFs. For newcomers, our guide to how blockchain works is a useful starting point.