EL7.AI
Crypto•13 July 2026•
1 min read

Bitcoin and Major Cryptos Slide as Inflation Fears Resurface

Key Facts

1Bitcoin fell 3.3% to $62,049.20 during early evening trading on July 13.
2Ethereum dropped 2.9% and Solana fell 3.4% amid renewed inflation concerns.

In a move reflecting the sensitivity of digital assets to macroeconomic data, the cryptocurrency market experienced a broad sell-off that erased recent gains. According to reports, Bitcoin fell 3.3% to $62,049.20 during trading on July 13. Ethereum dropped 2.9% and Solana fell 3.4%, as investor sentiment was dampened by renewed concerns regarding persistent inflation and its potential impact on monetary policy.

This decline comes as traders closely monitor global inflation indicators affecting risk appetite, with previous data from the Philippines showing an annual inflation rate of 6.4%, while China recorded an annual rate of 1% per market data. These movements coincide with caution in traditional markets, as investors seek signals from central banks regarding the trajectory of interest rates, placing additional pressure on non-yielding assets like cryptocurrencies.

Looking ahead, investors are awaiting the release of the FOMC minutes, which may provide clearer insight into the Federal Reserve's stance on interest rates.