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.
Why Crypto Is Surging? Market Recovery After Historic Liquidation
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.
