The
cryptocurrency market is experiencing a strong recovery today, Monday, October
13 2025, with Bitcoin, Ethereum, XRP and Dogecoin prices all posting
significant gains after one of the most brutal selloffs in crypto history.
The combined market value of all cryptocurrencies has first slumped 20% to $3.25 trillion to surge more than 6% to almost top $4 trillion, driven by easing US-China trade tensions and a massive reset in leveraged positions.
In this
article, I conduct a technical analysis of the XRP/USDT, BTC/USDT, ETH/USDT,
and DOGE/USDT charts, drawing on more than 10 years of experience as a
cryptocurrency analyst and active investor, while also addressing the question
of why crypto is going up today.
Bitcoin (BTC)
price climbed to approximately $115,683 on Monday morning after sliding below
$105,000 on Friday, while Ethereum surged back to $4,157 following a drop to
less than $3,500. The recovery comes after President Donald Trump and Vice
President JD Vance signaled openness to a deal with China, cooling fears that
followed Trump’s announcement of severe new tariffs on Friday.
The weekend
selloff triggered a record $19 billion in liquidations across crypto markets,
marking the largest single-day liquidation event in the asset’s history. Over
1.6 million traders were liquidated as leverage , automatically triggered sales,
and low liquidity at odd hours compounded losses.
What if the $380 billion crypto crash wasn’t the end — but the cleanest setup for the next major rally?
Crypto just endured one of its most violent unwinds in history — nearly $19 billion in liquidations wiped out over $380 billion in market value within hours.
Hidden beneath… pic.twitter.com/V01bucpf6l
— 10x Research (@10x_Research) October 11, 2025
“Bitcoin
and the broader crypto market endured one of the sharpest sell-offs in years
late last week, initially pressured by risk-off flows tied to renewed global
trade tensions,” explained Joel Kruger, strategist at LMAX. He noted that
the weakness was amplified by technical issues that triggered forced
liquidations across leveraged positions, creating an unprecedented event in
scale.
There is no sign of crypto market rout on the heat map currently. Source: CoinMarketCap.com
“What we saw at the weekend was arguably a flush out of leveraged long positions that arguably failed to see the writing on the wall when China announced its rare earth minerals policy,” Paul Howard, Director at Wincent, commented for FinanceMagnates.com “When we talk about fragility, the main points I have yet to see are exchanges systematically stopping withdrawals, market makers going bust, or a run on the bank scenario which has plagued traditional financial markets the last 100 years.”
Bitcoin Price
Rebounds 13% And Tests $116K
Bitcoin’s
recovery has been supported by important technical levels that held during
Friday’s crash. The 200-day exponential moving average (200 EMA), combined with
the 38.2% Fibonacci retracement and a broad support zone drawn from May peaks
through August lows, successfully stopped the cascade of selling. Saturday
remained relatively calm, Sunday brought a 4% rebound, and Monday saw Bitcoin
test the 50 EMA with session highs near $116,000.
According
to my own technical analysis, the next potential resistance levels sit at
$120,000 (July peaks), $123,000 (August highs), and ultimately around $126,000,
which represents the current all-time high set on October 6. As long as Bitcoin
remains above the 200 EMA and the green support zone, bulls should have little
reason for concern.
Why Bitcoin price is going up today? Source: Tradingview.com
The main
support remains at the 50% Fibonacci retracement near $100,000. Only a drop to
five-digit values would signal that bears are taking control, potentially
opening the door to a decline toward $74,000, the April 2025 lows.
If you want to learn more about Bitcoin, read also my previous BTC price prediction here.
“As
ugly as the price action was for many, don’t forget a 10% drawdown on BTC
is not unusual in this asset class,” Howard added. “The main points of concern would be those
protocols and coins that lost over 30% their value or whose value was
momentarily (close to) zero.”
Ethereum Joins The
Recovery
Ethereum (ETH)
has posted one of the strongest rebounds among major cryptocurrencies, surging
11.7% to $4,157.88. On the daily chart, Ethereum showed the least drastic
effects from Friday’s selloff, with prices halting depreciation at the 200-day
exponential moving average and the 50% Fibonacci retracement before bouncing
dynamically from this level.
Sunday’s
11% correction allowed Ethereum to return to the consolidation range that has
been in place since August, and Monday’s session saw the cryptocurrency
establish highs at approximately $4,220. As my technical chart shows, the only
concern for investors may be the 50-day EMA, which currently acts as resistance
and could hinder the rebound toward the target resistance level of $4,800
stretching up to $5,000.
“Since
then, however, the market has shown resilience,” Kruger noted, adding that
both Bitcoin and Ethereum have retraced a meaningful portion of their losses,
with investors encouraged by the ability of systems to stabilize after the
shock.
Why Ethereum price is going up today? Source: Tradingview.com
XRP Rebounds From Yearly Lows
XRP has
gained 7.4% during Monday’s recovery, testing the $2.64 level after briefly
falling to its lowest point since November 2024 on Friday. The weekend brought
a corrective bounce, with Saturday’s 6% gain followed by Monday’s nearly 4%
advance.
My technical
analysis reveals that bears currently remain in control, as the price has
fallen and is holding below the 200-day exponential moving average (200 EMA),
which separates long-term uptrends from downtrends. XRP has also dropped
outside the consolidation pattern drawn from July, whose lower boundary is
marked by the $2.62 level representing May peaks combined with the 61.8%
Fibonacci retracement.
Why XRP price is going up today? Source: Tradingview.com
This
combination creates a strong confluence of resistance that XRP is currently
battling, and a return above it will be necessary to see a chance of a move
toward $3.60, this year’s maximums. Until that occurs, downside scenarios
remain more likely, with the first potential support at $2.32 and ultimately a
possible test of the round $2.00 level, last tested in June.
Dogecoin Leads The Altcoin
Comeback
Dogecoin (DOGE)
has emerged as one of the recovery leaders, jumping nearly 10% in 24 hours as
discounted valuations enticed bargain hunters. Although Dogecoin’s price
dropped dynamically on Friday, losing several dozen percent, the weekend
managed to maintain the vicinity of the support zone, including the 19-cent
level representing horizontal support set by August minimums.
Sunday’s
session brought a dynamic rebound of nearly 12%, and on Monday the price is
rising 1.7%, testing levels above 21 cents. However, technical analysis shows
that a break occurred in the important trendline drawn from summer lows, and
although Dogecoin has returned to the consolidation range of recent months,
finding itself below this trendline and the grid of moving averages will
increase pressure on buyers.
Why Dogecoin price is going up today? Source: Tradingview.com
I predict
that if local support holds, a move toward 25 cents (May peaks) and ultimately
to 29 cents (the highest levels since February) would be likely. However, if
the price drops below the current support zone, bears could clearly take
control, targeting a level between 17 and 15 cents, the June-July minimums.
Related stories:This Dogecoin Price Prediction Suggests DOGE Could Surge 445%, Breaking the $1 Barrier
3 Key Reasons Crypto Is
Rising
1. Strong
Institutional Support
Institutional demand through Bitcoin and Ethereum ETFs
remains solid. “ETF inflows are strong, exchange balances are near lows, and
the broader narrative looks healthier after the correction,” said Justin
d’Anethan of Arctic Digital. Bitcoin ETFs saw $3.24 billion in inflows before
the selloff, underscoring sustained institutional interest.
2. Leverage
Reset Strengthens Market
The recent liquidation wiped out excess leverage,
creating a more stable market. Funding rates have dropped to their lowest since
the 2022 FTX collapse, marking one of the sharpest resets in crypto history,
according to Coinglass. Open interest in Bitcoin and Ether options fell by
half, which analysts say will support steadier prices ahead.
3. Trade
Tensions Ease
Crypto rebounded as China clarified that rare-earth
controls weren’t a full ban and Trump signaled cooperation with Beijing.
Markets viewed this as a cooling of trade tensions, lifting risk assets. “The
rebound reflects a softer trade tone and renewed risk appetite,” said Richard
Galvin of DACM.
Kruger,
however, cautioned that fragilities remain despite the recovery. “The
trade backdrop continues to inject uncertainty into the global outlook, and the
episode has reinforced concerns over the robustness of crypto market
infrastructure,” he explained, noting that while investors appear willing
to look through the disruption, confidence could be tested again should
external shocks resurface.
Please also check my previous cryptocurrency analyses and posts:
Crypto News FAQ
Why is crypto going up
today?
The
cryptocurrency market is surging on October 13, 2025, primarily due to easing
US-China trade tensions after President Trump and Vice President JD Vance
signaled openness to a trade deal with China. This followed Trump’s
conciliatory message stating “the U.S.A wants to help China, not hurt
it,” which cooled fears from Friday’s severe tariff announcement.
Why did Bitcoin price drop
on Friday?
Bitcoin
crashed on Friday, October 10, 2025, after President Trump announced severe new
100% tariffs on Chinese imports, triggering panic selling across risk assets.
The selloff was amplified by technical issues including oracle malfunctions
that triggered forced liquidations across leveraged positions.
Will Ethereum price
continue rising?
Ethereum’s
technical outlook appears constructive as the cryptocurrency has reclaimed the
$4,157 level and returned to its consolidation range established since August.
The 200-day exponential moving average and 50% Fibonacci retracement
successfully held as support during Friday’s crash, demonstrating strong buying
interest at lower levels.
Is XRP a good buy right
now?
Yes. XRP is
currently testing critical technical resistance at $2.64, which represents a
confluence of the 200-day exponential moving average, May peaks at $2.62, and
the 61.8% Fibonacci retracement level. Technical analysis suggests bears remain
in control as XRP trades below the 200 EMA and has dropped outside the
consolidation pattern drawn from July.
Should I buy Dogecoin
after the crash?
Dogecoin
has shown strong recovery momentum, jumping nearly 10% in 24 hours as
discounted valuations attracted bargain hunters following the weekend crash.
The cryptocurrency successfully held the 19-cent support level representing
August minimums during Friday’s selloff, and Sunday’s 12% rebound demonstrated
resilient buying interest.
The
cryptocurrency market is experiencing a strong recovery today, Monday, October
13 2025, with Bitcoin, Ethereum, XRP and Dogecoin prices all posting
significant gains after one of the most brutal selloffs in crypto history.
The combined market value of all cryptocurrencies has first slumped 20% to $3.25 trillion to surge more than 6% to almost top $4 trillion, driven by easing US-China trade tensions and a massive reset in leveraged positions.
In this
article, I conduct a technical analysis of the XRP/USDT, BTC/USDT, ETH/USDT,
and DOGE/USDT charts, drawing on more than 10 years of experience as a
cryptocurrency analyst and active investor, while also addressing the question
of why crypto is going up today.
Bitcoin (BTC)
price climbed to approximately $115,683 on Monday morning after sliding below
$105,000 on Friday, while Ethereum surged back to $4,157 following a drop to
less than $3,500. The recovery comes after President Donald Trump and Vice
President JD Vance signaled openness to a deal with China, cooling fears that
followed Trump’s announcement of severe new tariffs on Friday.
The weekend
selloff triggered a record $19 billion in liquidations across crypto markets,
marking the largest single-day liquidation event in the asset’s history. Over
1.6 million traders were liquidated as leverage , automatically triggered sales,
and low liquidity at odd hours compounded losses.
What if the $380 billion crypto crash wasn’t the end — but the cleanest setup for the next major rally?
Crypto just endured one of its most violent unwinds in history — nearly $19 billion in liquidations wiped out over $380 billion in market value within hours.
Hidden beneath… pic.twitter.com/V01bucpf6l
— 10x Research (@10x_Research) October 11, 2025
“Bitcoin
and the broader crypto market endured one of the sharpest sell-offs in years
late last week, initially pressured by risk-off flows tied to renewed global
trade tensions,” explained Joel Kruger, strategist at LMAX. He noted that
the weakness was amplified by technical issues that triggered forced
liquidations across leveraged positions, creating an unprecedented event in
scale.
There is no sign of crypto market rout on the heat map currently. Source: CoinMarketCap.com
“What we saw at the weekend was arguably a flush out of leveraged long positions that arguably failed to see the writing on the wall when China announced its rare earth minerals policy,” Paul Howard, Director at Wincent, commented for FinanceMagnates.com “When we talk about fragility, the main points I have yet to see are exchanges systematically stopping withdrawals, market makers going bust, or a run on the bank scenario which has plagued traditional financial markets the last 100 years.”
Bitcoin Price
Rebounds 13% And Tests $116K
Bitcoin’s
recovery has been supported by important technical levels that held during
Friday’s crash. The 200-day exponential moving average (200 EMA), combined with
the 38.2% Fibonacci retracement and a broad support zone drawn from May peaks
through August lows, successfully stopped the cascade of selling. Saturday
remained relatively calm, Sunday brought a 4% rebound, and Monday saw Bitcoin
test the 50 EMA with session highs near $116,000.
According
to my own technical analysis, the next potential resistance levels sit at
$120,000 (July peaks), $123,000 (August highs), and ultimately around $126,000,
which represents the current all-time high set on October 6. As long as Bitcoin
remains above the 200 EMA and the green support zone, bulls should have little
reason for concern.
Why Bitcoin price is going up today? Source: Tradingview.com
The main
support remains at the 50% Fibonacci retracement near $100,000. Only a drop to
five-digit values would signal that bears are taking control, potentially
opening the door to a decline toward $74,000, the April 2025 lows.
If you want to learn more about Bitcoin, read also my previous BTC price prediction here.
“As
ugly as the price action was for many, don’t forget a 10% drawdown on BTC
is not unusual in this asset class,” Howard added. “The main points of concern would be those
protocols and coins that lost over 30% their value or whose value was
momentarily (close to) zero.”
Ethereum Joins The
Recovery
Ethereum (ETH)
has posted one of the strongest rebounds among major cryptocurrencies, surging
11.7% to $4,157.88. On the daily chart, Ethereum showed the least drastic
effects from Friday’s selloff, with prices halting depreciation at the 200-day
exponential moving average and the 50% Fibonacci retracement before bouncing
dynamically from this level.
Sunday’s
11% correction allowed Ethereum to return to the consolidation range that has
been in place since August, and Monday’s session saw the cryptocurrency
establish highs at approximately $4,220. As my technical chart shows, the only
concern for investors may be the 50-day EMA, which currently acts as resistance
and could hinder the rebound toward the target resistance level of $4,800
stretching up to $5,000.
“Since
then, however, the market has shown resilience,” Kruger noted, adding that
both Bitcoin and Ethereum have retraced a meaningful portion of their losses,
with investors encouraged by the ability of systems to stabilize after the
shock.
Why Ethereum price is going up today? Source: Tradingview.com
XRP Rebounds From Yearly Lows
XRP has
gained 7.4% during Monday’s recovery, testing the $2.64 level after briefly
falling to its lowest point since November 2024 on Friday. The weekend brought
a corrective bounce, with Saturday’s 6% gain followed by Monday’s nearly 4%
advance.
My technical
analysis reveals that bears currently remain in control, as the price has
fallen and is holding below the 200-day exponential moving average (200 EMA),
which separates long-term uptrends from downtrends. XRP has also dropped
outside the consolidation pattern drawn from July, whose lower boundary is
marked by the $2.62 level representing May peaks combined with the 61.8%
Fibonacci retracement.
Why XRP price is going up today? Source: Tradingview.com
This
combination creates a strong confluence of resistance that XRP is currently
battling, and a return above it will be necessary to see a chance of a move
toward $3.60, this year’s maximums. Until that occurs, downside scenarios
remain more likely, with the first potential support at $2.32 and ultimately a
possible test of the round $2.00 level, last tested in June.
Dogecoin Leads The Altcoin
Comeback
Dogecoin (DOGE)
has emerged as one of the recovery leaders, jumping nearly 10% in 24 hours as
discounted valuations enticed bargain hunters. Although Dogecoin’s price
dropped dynamically on Friday, losing several dozen percent, the weekend
managed to maintain the vicinity of the support zone, including the 19-cent
level representing horizontal support set by August minimums.
Sunday’s
session brought a dynamic rebound of nearly 12%, and on Monday the price is
rising 1.7%, testing levels above 21 cents. However, technical analysis shows
that a break occurred in the important trendline drawn from summer lows, and
although Dogecoin has returned to the consolidation range of recent months,
finding itself below this trendline and the grid of moving averages will
increase pressure on buyers.
Why Dogecoin price is going up today? Source: Tradingview.com
I predict
that if local support holds, a move toward 25 cents (May peaks) and ultimately
to 29 cents (the highest levels since February) would be likely. However, if
the price drops below the current support zone, bears could clearly take
control, targeting a level between 17 and 15 cents, the June-July minimums.
Related stories:This Dogecoin Price Prediction Suggests DOGE Could Surge 445%, Breaking the $1 Barrier
3 Key Reasons Crypto Is
Rising
1. Strong
Institutional Support
Institutional demand through Bitcoin and Ethereum ETFs
remains solid. “ETF inflows are strong, exchange balances are near lows, and
the broader narrative looks healthier after the correction,” said Justin
d’Anethan of Arctic Digital. Bitcoin ETFs saw $3.24 billion in inflows before
the selloff, underscoring sustained institutional interest.
2. Leverage
Reset Strengthens Market
The recent liquidation wiped out excess leverage,
creating a more stable market. Funding rates have dropped to their lowest since
the 2022 FTX collapse, marking one of the sharpest resets in crypto history,
according to Coinglass. Open interest in Bitcoin and Ether options fell by
half, which analysts say will support steadier prices ahead.
3. Trade
Tensions Ease
Crypto rebounded as China clarified that rare-earth
controls weren’t a full ban and Trump signaled cooperation with Beijing.
Markets viewed this as a cooling of trade tensions, lifting risk assets. “The
rebound reflects a softer trade tone and renewed risk appetite,” said Richard
Galvin of DACM.
Kruger,
however, cautioned that fragilities remain despite the recovery. “The
trade backdrop continues to inject uncertainty into the global outlook, and the
episode has reinforced concerns over the robustness of crypto market
infrastructure,” he explained, noting that while investors appear willing
to look through the disruption, confidence could be tested again should
external shocks resurface.
Please also check my previous cryptocurrency analyses and posts:
Crypto News FAQ
Why is crypto going up
today?
The
cryptocurrency market is surging on October 13, 2025, primarily due to easing
US-China trade tensions after President Trump and Vice President JD Vance
signaled openness to a trade deal with China. This followed Trump’s
conciliatory message stating “the U.S.A wants to help China, not hurt
it,” which cooled fears from Friday’s severe tariff announcement.
Why did Bitcoin price drop
on Friday?
Bitcoin
crashed on Friday, October 10, 2025, after President Trump announced severe new
100% tariffs on Chinese imports, triggering panic selling across risk assets.
The selloff was amplified by technical issues including oracle malfunctions
that triggered forced liquidations across leveraged positions.
Will Ethereum price
continue rising?
Ethereum’s
technical outlook appears constructive as the cryptocurrency has reclaimed the
$4,157 level and returned to its consolidation range established since August.
The 200-day exponential moving average and 50% Fibonacci retracement
successfully held as support during Friday’s crash, demonstrating strong buying
interest at lower levels.
Is XRP a good buy right
now?
Yes. XRP is
currently testing critical technical resistance at $2.64, which represents a
confluence of the 200-day exponential moving average, May peaks at $2.62, and
the 61.8% Fibonacci retracement level. Technical analysis suggests bears remain
in control as XRP trades below the 200 EMA and has dropped outside the
consolidation pattern drawn from July.
Should I buy Dogecoin
after the crash?
Dogecoin
has shown strong recovery momentum, jumping nearly 10% in 24 hours as
discounted valuations attracted bargain hunters following the weekend crash.
The cryptocurrency successfully held the 19-cent support level representing
August minimums during Friday’s selloff, and Sunday’s 12% rebound demonstrated
resilient buying interest.
