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.
Synthetix (SNX) has gained strong momentum and become the biggest gainer on Oct. 13.
SNX jumped over 130% in the last 24 hours. Right now, it is exchanging hands at over $2.2. The daily trading volume surpassed $901 million (+1600%). Its market capitalization is currently near $778 million.
BNB has fully recovered from last week’s losses triggered by the US announcement of a 100% tariff on Chinese imports.
Binance founder Changpeng Zhao commented on the concerns about speculation of price manipulation. He clarified that BNB does not rely on external market makers. The exchange also revealed a $283 million compensation package for users affected by recent market volatility.
Want to learn more details? They are available in the recent Coinspeaker report.
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.
