In crypto news today (July 13), Bitcoin has fallen 1.5% overnight and begins this Monday trading session at around $62,900. The loss of the $63,000 support level is significant—if not reclaimed within the next 24 hours, analysts warn a further decline toward $60,000 could follow.
Market sentiment remains cautious, reflected in the Fear & Greed Index climbing to 28/100—still in “Fear” territory but edging away from “Extreme Fear.” The broader crypto market cap has dipped by 1% over the past 24 hours, with most tokens trading lower. Notable exceptions include privacy-focused assets Zcash (ZEC) and Monero (XMR), both up approximately 1%.
Bitcoin ETFs recorded their second consecutive day of outflows after a strong three-day inflow streak that brought in over $500 million. On July 9 alone, $95 million worth of Bitcoin was sold across various funds, including $63 million from Fidelity’s FBTC ETF.
Thailand Tightens Stablecoin Oversight Amid Fraud Surge
The Bank of Thailand is ramping up regulatory scrutiny of stablecoin transactions to combat money laundering, illicit financing, and gray-market capital flows. Authorities are particularly focused on transactions involving Tether (USDT), cash, and foreign exchange.
According to local reports, the central bank will collaborate with Thailand’s Securities and Exchange Commission to review high-value stablecoin transfers. These measures target the country’s substantial gray economy—fueled in part by widespread scam call centers—which generated an estimated 115 billion baht ($3.4 billion) in fraud losses in 2025. During the same period, authorities logged around 173 million fraudulent calls and messages.
Stablecoins have become popular for moving large sums quickly across borders, prompting regulators to expand commercial banks’ anti-money laundering obligations to include monitoring of cash, forex, gold bullion, and suspicious stablecoin activity.
American Bitcoin Executes Reverse Split to Avoid Delisting
American Bitcoin Corp., linked to Eric Trump, executed a 1-for-15 reverse stock split on July 2 to maintain its Nasdaq listing. While the maneuver boosted its share price on paper, it added no real value for investors.
The company reported holding 8,000 BTC as of early July—up from over 7,000 BTC at the end of Q1 2026. According to filings, it held approximately 5,401 BTC at the end of 2025 and grew its reserves to 7,021 BTC by March 31 through mining (817 BTC) and purchases (803 BTC). Eric Trump claimed the firm now holds more than 7,300 BTC, positioning it among the largest publicly traded Bitcoin companies.
Despite a 22% drop in Bitcoin’s price during the quarter, American Bitcoin maintained a mining gross margin above 50%, with production costs around $36,200 per BTC. The company emphasizes its mining-based acquisition strategy as a differentiator from pure treasury firms reliant on capital raises.
However, growing Bitcoin holdings haven’t translated into financial health: Q1 2026 results showed $62.1 million in mining revenue but an $81.8 million net loss, negative adjusted EBITDA of $91.3 million, and a $117.2 million loss on digital asset impairments.