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May 13 Update: Crypto Market Drops To $2.63T As SAGA Token Fell 94%

Sakshi Jain Sakshi Jain
13-05-2026
Last Updated: 13-05-2026
24-Hour Crypto Market Update

Stablecoin Rise and ETF Inflows Shape Crypto Market Amid Fear Index 42

Overall Cryptocurrency News, 13 May 2026: The crypto market fell slightly to $2.63T, with mixed performance across assets, Bitcoin dominance steady at 58.3%, and rising institutional activity in ETFs and DeFi projects.

Major Crypto Market Events Today

Major Crypto Market Events Today

Source:  Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global crypto market today reached a capitalization of $2.63 trillion, with a 0.4% markdown in the last 24 hours, while total trading volume was recorded at $90.8 billion.

Bitcoin’s (BTC) dominance in the industry remains strong at 58.3%, while Ethereum (ETH) holds 9.93%. The largest gainers in the industry over the past day are Polkadot and the XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

  • Bitcoin (BTC) price today reached $81120.52, down by 0.15% in the last 24 hours, with a trading volume of 32 billion and a market cap of $1.62 trillion.

Bitcoin (BTC) price today

  • Ethereum (ETH) price today is at $2291.94, fell 1.3% in 24 hours with a trading volume of $16 billion and a capitalization of $276 billion.

Ethereum (ETH) price today

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

  • Saga price (SAGA): $0.0495, down 94.08% in the last 24 hours, trading volume (TV): $597.4M.

  • Bitcoin price (BTC): $81,036.52, drops 0.36%, TV: $31.79B.

  • Billions Network price (BILL): $0.1902, surged 32.72%, TV: $601.98M.

  • NEAR Protocol price (NEAR): $1.65, jumps 8.18%, TV: $370.15M.

  • Official Trump price (TRUMP): $2.47, up 2.34%, TV: $377.28M.

Top Crypto Gainers in 24 hours (Ranked by 24-hour percentage gain):

  • SKYAI price today (SKYAI): $0.5439, surged 19.15%, trading activity $62.55M.

  • NEAR Protocol price today (NEAR): $1.66, gained 8.41%, trading activity $367.65M.

  • Injective price today (INJ): $4.89, rose 7.27%, trading activity $196.20M.

Top Crypto Losers in 24 hours (Ranked by 24-hour percentage loss):

  • Humanity price (H): $0.2386, down 11.57%, trading activity around $96.98 million.

  • Terra Classic price (LUNC): $0.00009131, lower by 10.69%, trading volume near $75.85 million.

  • Ondo price (ONDO): $0.4006, slipped 8.22%, trading activity around $245.30 million.

Stablecoins and Defi Update:

  • Stablecoins reflects 0.1% negative change over the past 24 hours, with a market capitalization of $318 billion and trading volume of $72.5 billion.

  • The Overall (Defi) Decentralized Finance market declined 2% over the last 24 hours, recording a market cap of $59.2 billion and trading volume (TV) at $4.99 billion. Defi dominance globally marked 2.1%.

Crypto Fear and Greed Index Today

Crypto Fear and Greed Index Today

Source: Alternative Me

Fear & Greed Index is 42 (Fear), slightly up from 49 yesterday and near 46 last week, but far above 12 last month (extreme fear). This shows recovery driven by reduced volatility and stabilizing prices, shifting sentiment from fear toward balance.

Latest Crypto Market News Today, 2026 May 13

(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)

1. Wells Fargo Boosts ETH ETF Exposure: Wells Fargo bought more Ethereum ETFs in Q1 2026, despite the sector's price declining 29%, which saw ETHA shares rise by 63.5% and ETHW by 37%.

2. Stablecoin Projects Attract $1B+ Funding: Institutional investors are also taking an active interest in privacy-oriented blockchain infrastructure, as Arc, Canton, and Tempo have collectively raised more than $1B.

3. Bitdeer Targets Massive GPU Expansion: Bitdeer expects to bring up to 1 million units and anticipates AICloud ARR to grow to $69M in April 2026, assuming good utilization.

4. BNB Chain RWA TVL Hits $4 Billion: Real-world assets on BNB Chain have more than doubled in six months, reaching $4B.The real-world assets on BNB Chain now surpass $4B, doubling from $2B over the last six months.

5. Bitcoin Dominance Rebounds to 58.5%: Bitcoin dominance has bounced back to 58.5%, as its dominance has risen from 55%, indicating capital rotation trends between Bitcoin and altcoins in the current market cycle.

6. Hyperliquid ETF debuts strongly: 21Shares Hyperliquid ETF had a trading volume of $1.8 million and net inflows of $1.2 million on day one, and is competitive with fees, at 0.3%.

7. Aave's recovery process reaches Phase 1 of the rsETH recovery: In the first stage, Aave has burned the tokens that were staked by the attackers, and it has been planned to inject 117,132 rsETH through the LayerZero system.

8. CFTC Expands: CFTC is working to negotiate rules for sports leagues to lessen the potential for manipulation and increase federal oversight of prediction markets.

9. SKYAI Price Surge: The price increase could be due to "coordinated wallet activity" and risks of "manipulation via exchanges.

10. CLARITY Act DraftThe US Senate Banking Committee published a draft 309-page CLARITY Act bill that outlines the SEC-CFTC's respective mandates and strengthens crypto, DeFi, and stablecoin regulations.

Comparative Insight

The May 12 crypto market update, the cap was slightly higher at $2.8T, and sentiment was neutral (Fear & Greed 49) despite some powerful altcoin rallies, such as Gitcoin and BUILDon, as well as some fresh Ethereum declines and liquidations. 

May 13 marks a slight decline in capitalization to $2.63T, as investors grow more cautious in the market, DeFi activity drops, and Bitcoin's dominance rises to 58.3%, suggesting capital consolidation at the major asset level and mixed signals from the regulatory environment.

What This Means for Cryptocurrency Users

Cryptocurrency traders are seeing a more volatile market characterized by some declines and greater dominance by BTC. Selective opportunities remain, but DeFi weakness and regulatory activity are pointing to uncertainty for altcoins. Volatility management should be the focus of traders, as rotation and sentiment changes are alive and well.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

The current 24-hour is moderately risky due to declining market cap, mixed asset performance, and regulatory pressure. Short-term trading may offer opportunities, but high volatility and uncertainty make disciplined risk management essential. Long-term investors should stay cautious and selective.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. All regions are not able to provide all the services or assets in question.

Sakshi Jain

About the Author Sakshi Jain

Expertise coingabbar.com

Sakshi Jain is a crypto news writer focused on delivering fast, data-driven coverage of the digital asset market. Her articles consistently track daily market movements, token launches, airdrops, exchange listings, and institutional signals, helping readers stay ahead of short-term trends. She simplifies complex crypto developments—such as regulatory updates, Bitcoin allocation strategies, and emerging blockchain projects—into clear, actionable insights. Her work reflects a strong emphasis on timeliness, SEO-driven structuring, and trader-focused narratives, often highlighting price momentum, market sentiment, and risk factors. Sakshi primarily writes for active crypto participants seeking concise, reliable, and opportunity-oriented market updates.

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