Crypto Market Today, July 13: Crypto Slides on Renewed Inflation Fears

Bitcoin dropped 3.3% to $62,049 on July 13, 2026, as escalating U.S.-Iran tensions drove oil prices higher and reignited inflation fears. Ethereum fell 2.9% to $1,766.39, while Solana declined 3.4% to $74.87, underscoring broad-based selling pressure across major cryptocurrencies.

The sell-off stems from market concerns that rising oil prices will force the Federal Reserve to maintain or increase interest rates, making high-risk assets like crypto less attractive. Despite the decline, spot Bitcoin and Ethereum ETFs recorded net institutional inflows during the prior week, indicating some confidence among professional investors even as retail sentiment weakens.

The divergence between ETF inflows and price action suggests institutions may be viewing the dip as a buying opportunity, though the geopolitical catalyst remains unresolved. All three major tokens remain under pressure as traders weigh inflation risks against potential Fed policy shifts.