As of May 13, 2025, the cryptocurrency market is experiencing notable developments. Bitcoin (BTC) is trading at approximately $103,422, reflecting a slight decline of 0.93% over the past 24 hours. Ethereum (ETH) stands at $2,483.95, down by 2.63%. XRP has emerged as a top gainer, increasing by 4.96% to $2.54 . 

The global crypto market capitalization has dipped to $3.28 trillion, marking a 1.64% decrease from the previous day . This downturn is attributed to a combination of profit-taking and cautious investor sentiment. 

In regulatory news, the U.S. Securities and Exchange Commission (SEC) has permitted Dell to dismiss a shareholder proposal advocating for Bitcoin treasury investments, emphasizing management’s discretion over investment strategies . 

Meanwhile, in the United Kingdom, a new crypto derivatives trading venue backed by M&G Investments has launched, aiming to cater to institutional investors . This development signifies growing institutional interest in the crypto sector.  

Additionally, Gibraltar is pioneering crypto clearing regulations through a partnership with Bullish exchange, aiming to establish a regulatory framework for digital asset clearing . 

These events underscore the dynamic nature of the cryptocurrency landscape, with regulatory developments and institutional participation shaping the market’s trajectory.