The global crypto market fell to $2.63 trillion on May 13, a 0.4% decline over 24 hours, while total trading volume reached $90.8 billion. Market action was uneven. Bitcoin held a firm 58.3% share of the market, while Ethereum accounted for 9.93%. The sharpest move came from SAGA, which dropped to $0.0495, down 94.08% in a day, with trading volume at $597.4 million.
Bitcoin stays above $81,000 while Ethereum slips
Large-cap tokens saw smaller moves than the broader altcoin field. Bitcoin was quoted at $81,120.52, down 0.15% over 24 hours, with roughly $32 billion in trading volume and a market cap of $1.62 trillion. A separate market snapshot listed BTC at $81,036.52, down 0.36%, showing a minor difference across data timestamps. Ethereum traded at $2,291.94, down 1.3%, with $16 billion in volume and a market capitalization of $276 billion.
Among notable gainers, BILL rose 32.72% to $0.1902. NEAR appeared in two data entries, up 8.18% and 8.41%, with price hovering between $1.65 and $1.66. SKYAI climbed 19.15% and INJ added 7.27%. On the losing side beyond SAGA, Humanity fell 11.57%, Terra Classic lost 10.69%, and ONDO slipped 8.22%.
Stablecoins hold scale as DeFi market contracts
Sector data pointed to a cautious session. Stablecoins posted a 0.1% negative change over the past 24 hours, with market capitalization at $318 billion and trading volume of $72.5 billion. The DeFi market declined 2%, leaving the sector at $59.2 billion in market cap and $4.99 billion in trading volume. DeFi dominance stood at 2.1%.
Sentiment remained weak. The Fear & Greed Index came in at 42, still in the fear zone. That compares with 49 the day before, around 46 last week, and 12 last month. The data suggests conditions have improved from the previous month’s extreme stress, but traders have not moved back to a neutral footing.
ETF flows, infrastructure funding, and regulation all stay active
Institutional and policy developments continued to shape the backdrop. Wells Fargo increased its Ethereum ETF holdings in Q1 2026 even as the segment’s price declined 29%. During that period, ETHA shares rose 63.5% and ETHW gained 37%. The 21Shares Hyperliquid ETF recorded $1.8 million in first-day trading volume, $1.2 million in net inflows, and carried a 0.3% fee.
Capital also moved into blockchain infrastructure. Arc, Canton, and Tempo collectively raised more than $1 billion. On BNB Chain, real-world assets grew from $2 billion to more than $4 billion over six months. Bitdeer said it expects to bring up to 1 million units online and sees AICloud ARR reaching $69 million in April 2026, assuming utilization remains strong.
On the regulatory side, the US Senate Banking Committee released a 309-page draft of the CLARITY Act, outlining the respective mandates of the SEC and CFTC while tightening the framework around crypto, DeFi, and stablecoins. Separately, the CFTC is negotiating rules involving sports leagues to reduce manipulation risk and expand federal oversight of prediction markets. Aave, for its part, said that in the first stage it burned tokens staked by attackers and plans to inject 117,132 rsETH through the LayerZero system.
Compared with May 12, when total crypto market capitalization was $2.8 trillion and the sentiment reading was 49, the May 13 session showed weaker breadth and more concentration in major assets. The source also noted Bitcoin dominance had rebounded from 55% to 58.5%, close to the day’s 58.3% figure, pointing to continued capital rotation between Bitcoin and altcoins.