Your day-ahead look for July 13, 2026
By Francisco Rodrigues|Edited by Sheldon Reback Jul 13, 2026, 11:20 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Renewed U.S.-Iran airstrikes drive risk-off sentiment. (Venti Views/Unsplash)This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Bitcoin is currently trading around $63,000, having dropped over 1% since midnight UTC, influenced by a broader risk-off sentiment triggered by the recent U.S. and Iran airstrikes that took place over the weekend.
Brent crude oil futures increased by more than 3%, nearing $79 per barrel, as the renewed conflict raised alarms about shipping routes through the Strait of Hormuz, a critical oil transit corridor. Rising energy prices contribute to inflationary pressures and limit potential for looser monetary policy, a connection that has negatively impacted bitcoin during previous oil price hikes.
Taran Dhillon, head of digital assets at Kula, remarked to CoinDesk that this week will witness a "tug-of-war" in the crypto markets between macroeconomic factors and geopolitical issues.
Dhillon also highlighted that upcoming U.S. inflation reports will influence expectations regarding interest rates.
Despite the current dip, Bitcoin and ether exchange-traded funds (ETFs) recently halted an eight-week streak of outflows, indicating a rise in interest for these top cryptocurrencies.
Dhillon pointed out that regulatory clarity could further benefit the market, especially as the Clarity Act progresses. He noted that while discussions about ethical provisions are ongoing, "even incremental progress matters."
He added, "The market has been grappling with regulatory uncertainty for years; each advancement toward clarity about the classification and oversight of digital assets decreases that discount, making it easier for institutional investments to be made in this asset class."
Traders will be monitoring Tuesday's Consumer Price Index (CPI) and Wednesday’s Producer Price Index (PPI) for indicators regarding the Federal Reserve’s future actions. Stay vigilant!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today. For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trending
- Profit-taking, MidEast hostilities drag crypto lower after bullish week (CoinDesk): The crypto market retraced during Asian and European trading on Monday, with bitcoin dropping to $63,100, reflecting renewed tensions in the Middle East as Iran and the U.S. clashed over the Strait of Hormuz.
- Bitcoin’s BIP 110 fork deadline nears with miner support at zero (CoinDesk): A proposal aimed at removing non-financial data from the Bitcoin blockchain is approaching a hard deadline in early August, but has garnered less than 1% support from miners.
- Oil gains over 2% as fresh military strikes threaten Hormuz shipments (Reuters): Oil prices surged by over 2% following escalating military actions in the Middle East, raising concerns about shipping disruptions through the Strait of Hormuz. Brent crude futures reached $77.68, while West Texas Intermediate was at $73.00.
Today’s signal
The chart illustrates bitcoin's price in weekly candles over the years.
While the price has bounced off the support level around $58,000 — identified as the 0.618 Fibonacci retracement — it remains within a broader trend of declining highs.
The leading cryptocurrency is trading near $63,000, with significant resistance levels to watch at $66,000 and $68,900.
The Relative Strength Index (RSI) is approximately 38, indicating weakness but not showing any significant divergence to suggest a trend reversal.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
By CoinDesk Research1 hour agoCEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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