U.S. crypto stocks plunge sharply as Bit Digital drops 8.84%

KuCoinFlash

Release Time: 05/13/2026 01:05:47

Summary

The crypto market declined sharply on May 13, 2026, with Bit Digital dropping 8.84%. Upexi, Sharplink Gaming, Tron Inc., and Circle also fell between 6.16% and 8.16%. The digital asset market experienced broad weakness as major indices closed mixed. Msx.com, a decentralized RWA trading platform, noted that it has listed hundreds of RWA tokens tied to major U.S. stocks and ETFs.

Odaily Planet Daily report: According to data from msx.com, at the close of U.S. equities trading, the Dow Jones Industrial Average rose 0.11%, the S&P 500 fell 0.16%, the Nasdaq Composite declined 0.71%, and the VIX volatility index dropped 2.12%. Cryptocurrency-related stocks broadly declined, with Bit Digital down 8.84%, Upexi down 8.16%, Sharplink Gaming down 7.6%, Tron Inc. down 6.88%, and Circle down 6.16%.

MSX.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, including tokens backed by U.S. stocks such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA, as well as ETFs.

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