What Happened In Crypto Market Today: Coinbase Add WalletConnect Token

The global cryptocurrency market cap stands at $4.13 trillion, marking a 2.1% increase in 24 hours. Total trading volume hit $190.5 billion. Bitcoin leads with 57.7% dominance, followed by Ethereum at 13.4%. The number of cryptocurrencies counted till now is 18083 coins. The Polkadot and XRP Ledger ecosystems were the top-performing sectors during this period.

Major Crypto Events Today

Source: Forex Factory

24-Hour Crypto Market Update

Bitcoin (BTC) is priced at $119483 , with a 0.4% increase in 24 hours. Its market cap is $2.377 trillion, and it saw $47.05 billion in trading volume. Bitcoin is highly dominant at 57.7%, showing it as the most traded and capitalised digital asset globally across all exchanges and platforms.

Top 5 Trending Coins: Ethereum (ETH), Dogs (DOGS), and Fartcoin (FARTCOIN) are leading the crypto trend today. Ethereum is priced at $4,580.68 with a 24h TV of $51.23B, up 6.9% in the past day. Dogs trade at $0.0001469, volume $13.52M, up 3.7%, while Fartcoin stands at $1.10, volume $601.42B, rising 20.6%.

Top 3 Crypto Gainers: Wiki Cat (WKC) tops the gainers list, trading at $0.07691 with a 24h TV of $2.30M, up 48.0%. CYBER (CYBER) follows at $2.78 with $1.12B in TV, up 47.0%. Pirate Chain (ARRR) is at $0.2462, up 30.6%, with a 24h TV of $206.55K.

Top 3 Crypto Losers: Illusion of Life (SPARK) leads the losers list, priced at $0.04742 with a 24h volume of $36.79M, down 22.0%. Graphite  Protocol (GP) trades at $1.37, with a volume of $10.69M, losing 18.3%. Spark (SPK) is at $0.08865 with $206.45M in trading volume, down 17.8%.

The stablecoin market cap reached $280 billion, showing a 0.6% rise in 24 hours. Total trading volume amounted to $140.43 billion.

DeFi’s market cap is $172 billion, with a trading volume of $12.80 billion. The sector rose 6.1% in 24 hours and holds 4.2% dominance.

Fear and Greed Index Today

Source: Alternative me

As of 13 August 2025, the Crypto Fear & Greed Index is at a level of 73, which means that the market sentiment is “highly greedy”. This is an improvement over 68 on the previous day and 54 in the previous week. However, slightly less than last month's 74. Thus, the market is bullish and showing a positive upward trend.

Current Market Update of August 13

U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to consider a 50-basis-point rate cut at its September. 16–17 meeting, citing revised data showing weaker job growth in May and June, with July 2025 unemployment at 4.2%. He also expressed hope for Fed nominee Stephen Miran confirmation on monetary policy. This raises debate over a political influence, challenging the Fed’s independence as markets price in an 89.2% chance of a rate cut.

Pantera Capital has invested $300 million in digital asset treasury (DAT) companies, betting on firms that hold crypto on balance sheets to boost token holdings per share. Backed by a 2025 Axios report, Pantera sees DATs like BitMine Immersion , which saw a 330% ETH-per-share surge outpacing ETFs. Though recent Bitcoin market cap drops highlight the sector’s high-risk, high-reward nature.

Fonte Capital has launched Central Asia’s first spot Bitcoin ETF on Kazakhstan’s Astana International Exchange after china’s Ban 2021 . It is backed by physically held Bitcoin with U.S.-regulated BitGo Trust custody. This move, leveraging its mining hub status and UK-modelled regulations, Kazakhstan aims to attract $500 million yearly in foreign capital to its growing digital asset economy.

Coinbase has added WalletConnect Token (WCT) to its listing roadmap. It is developed by Reown. WalletConnect Token powers its network, enabling 300 million secure dApp connections across 600 wallets and 67,000 projects. Recent trading of WCT shows a bullish MACD flip, but overbought signals hint at potential volatility despite rising adoption.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.