Why is Bitcoin Price and Crypto Market Crashing Today?

13 May, 2025 Updated 13 May, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Why is Bitcoin Price and Crypto Market Crashing Today?

Crypto Market Crash: Bitcoin Price Suffers Before US CPI Data Release

On the US-China tariff deal, the Bitcoin price surpassed the $105k mark, and the rest of the altcoins also witnessed a significant uptrend. However, that all came crashing down as the BTC plummeted to a low of $100.7k, wiping out all the gains of the recent rally. At present, it trades at $102.8k and has lost nearly 1.5% of its value in the last 24 hours.

This crypto market crash happened as the investors turned cautious ahead of the US CPI data release today. Although experts anticipate a positive result, the uncertainty and possibility of different results have impacted investors’ confidence in the market.

Along with BTC, Ethereum, Solana, and other altcoins, the price is also crashing. Interestingly, XRP’s price is bullish, and it gained the 3rd spot in the market due to increased blockchain users and Missouri’s proposed House Bill 594.

Nearly $700M was liquidated in the crash per CoinGlass reports. Out of this, more than $200m was from Bitcoin futures, and $170M was from Ethereum, among many others. Interestingly, this was an anticipated move, as many crypto analysts like Ali Marinez anticipate a massive decline in BTC’s price.

Bitcoin Price Recovery Looms as Investors Still Buying BTC

Despite the dip, the investors’ interest in the token remains persistent. Crypto analyst, Stacy Muur, highlights that although the inflows are quiet, the market is stable as there’s no heavy selling. Another added that the market participants are still buying. This included MicroStrategy’s 13,390 Bitcoin buy for $1.34B.

This chart shows how much total Bitcoin is being deposited into exchanges daily.

As of May 2025

BTC price is at $103K, near ATH.

But inflows are quiet → suggests no heavy selling yet → market remains stable. pic.twitter.com/KSFuig9mC8

— Stacy Muur (@stacy_muur) May 13, 2025e

Now, the focus is on the US CPI data and the Fed meeting in June. BTSE COO Jeff Mei stated:

“The Fed’s tone will be key, a dovish shift could stimulate economic activity and potentially give crypto another lift.”

Additionally, the overall Bitcoin price predictions remain bullish despite the crypto market crash. This reveals that though there’s a temporary shift in the investors’ focus, the demand and fundamentals remain unchanged.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. How is Bitcoin performing today?

After a momentary crash to $100.7k, Bitcoin is trading at $102.8k after a 1.5% decline

2. How much is liquidated in the crypto market crash?

Nearly $700M was liquidated with the crypto market crash, with over $200M from Bitcoin futures and $170M in Ethereum.

3. What experts are predicting for the Bitcoin price after this crash?

Despite the crash, experts maintain their bullish outlook, claiming a rebound with the US CPI data release and Fed rate cut in June.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.