Cryptocurrency Surges in Strong Rebound, Over 180,000 Liquidated as Gold Hits New High

Deep News
Oct 13

Following a sharp decline from a black swan event two days prior, the cryptocurrency market has staged a robust recovery with strong upward momentum.

As of 7:15 AM on the 13th, cryptocurrencies posted broad gains. Bitcoin, which had previously fallen from a high of $122,000 to $101,500, was trading at $114,835 per coin. Ethereum, BNB, XRP, Dogecoin and other digital assets followed suit with significant gains.

According to Coinglass data, over 180,000 traders were liquidated across the cryptocurrency market in the past 24 hours.

Analysis suggests that compared to early April, the market's reaction to President Trump's tariff rhetoric may have somewhat diminished. The current market appears to have developed some immunity after experiencing multiple rounds of Trump's "tariff threats."

On October 13th, spot gold opened with rapid gains, briefly breaking above $4,060 and setting a new historical high. As of around 7:30 AM, gains had slightly narrowed with gold trading at $4,049.16 per ounce.

U.S. stock index futures opened higher. As of around 7:15 AM Beijing time on the 13th, S&P 500 futures rose over 0.9%, Nasdaq 100 futures gained over 1.2%, and Dow Jones futures climbed over 0.9%.

According to the latest CME "Fed Watch" data, the probability of the Federal Reserve maintaining rates unchanged in October stands at 2.2%, while the probability of a 25 basis point rate cut is 97.8%. For December, the probability of keeping rates unchanged is 0%, the probability of a cumulative 25 basis point cut is 2.2%, and the probability of a cumulative 50 basis point reduction is 96.7%.

(Disclaimer: This content is for reference only and does not constitute investment advice. Investors should bear their own risks when making decisions based on this information.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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