The global crypto market edged down 0.4% to $2.5 trillion in market cap on April 13, with total trading volume at $75 billion. Bitcoin dropped 2.71% to $71,094, while Ethereum slipped 3.62% to $2,202. Market sentiment worsened: the Fear & Greed Index fell to 12 — extreme fear territory — down from 16 a day earlier.
RAVE, INX, TRADOOR Lead Altcoin Rally
Despite the bearish trend in large caps, selected altcoins posted impressive gains. RaveDAO (RAVE) skyrocketed 174.33% to $5.81 with $499 million in volume. Infinex (INX) surged 42.51% to $0.0182, and Tradoor (TRADOOR) climbed 62.09% to $5.35. Enjin Coin (ENJ) added 15.47%, and JUST (JST) rose 4.55%. On the losing side, Dash (DASH) dropped 11.56%, Chiliz (CHZ) fell 9.11%, and Decred (DCR) declined 8.99%.
WLFI Loan Stress and Aave Governance Milestone
Chaos Labs reported that WLFI tokens sharply increased borrowing on Dolomite, straining collateral limits. The project later repaid $10 million. Justin Sun and WLFI exchanged accusations. Separately, Aave DAO approved its first binding proposal, granting Aave Labs $25 million in stablecoins and 75,000 AAVE for product development under the "Aave Will Win" initiative. Dutch digital bank ClearBank received a MiCA-compliant CASP license, enabling EURC and USDC stablecoin services in Europe, and expanded its Coinbase partnership.
Geopolitical Tensions and Security Incident
President Trump announced a U.S. Navy blockade of the Strait of Hormuz after Iran nuclear talks stalled, adding to macro uncertainty. In security news, Philadelphia musician G. Love lost roughly 5.92 BTC after downloading a fake Ledger app and entering his seed phrase. The stolen funds were traced to KuCoin wallets. Meanwhile, Binance Wallet confirmed that Binance Alpha will list Genius Foundation on April 13, with eligible users able to claim token airdrops via Alpha Points.
The market remains fragmented: major coins and DeFi weakened while a few small-cap tokens surged. Extreme fear suggests capital is chasing isolated momentum rather than a broad recovery. Users should prioritize risk management, secure wallet practices, and caution amid leveraged plays.