Read this article to find out whether the crypto market is poised for a rebound after its recent crash over the weekend. Let’s explore the recent trends on Oct. 13.
Robert Kiyosaki praised Trump’s decision to allow crypto and alternative assets in 401(k) plans, saying it could enhance Americans’ long-term financial security.
Kiyosaki also revealed his plans to increase his investments in Bitcoin, Ethereum, gold, silver, oil, and real estate.
You can read more about it here.
XRP is trading at $2.62, up roughly 10% in the past 24 hours. The gains come as the token continues its recovery following a sharp market-wide sell-off that saw XRP plunge more than 40% to a low of $1.25.
This marked the first time XRP fell below $2 since June and represented one of its steepest intraday corrections this year.
Looking ahead, XRP’s ability to maintain momentum above the $2.50 range will be critical in determining whether this rebound can develop into a more sustained uptrend.
The total stablecoin supply reached a new all-time high of $304 billion as of Oct. 13. This marks a 1% increase over the past week and a nearly 50% rise since January. Total circulation was around $200 billion.
Tether remains the dominant player, accounting for roughly $180 billion, which is over half of the market.
USDC follows with a supply of $75 billion.
Bitcoin (BTC) rebounded above the $115,000 resistance level on Oct. 13 after dropping nearly 15% over the weekend.
The sharp decline saw Bitcoin tumble from around $121,560 on Oct. 10 to below $103,000 on Oct. 12. The sell-off followed US President Donald Trump’s announcement of a 100% tariff on Chinese imports, which will potentially take effect in early November.
