[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/ann_en_20251013_160809_2013a483b42693a979b7d7a6053b05b9.webp) * Market Commentary: On October 13, BTC showed signs of a rebound after briefly dipping to around $102,000. The price is currently trading above the MA5, with moderate momentum, though the $115,500–$116,000 range poses certain resistance above. ETH touched a low of $3,394 before quickly stabilizing and rebounding, showing strong short-term recovery. * Popular Tokens: SNX rose approximately 87.3% in 24 hours to $1.77, reaching a new high for 2025; DASH increased about 50% to $58.56; TAO rose roughly 40.1% to $412. All three were driven by rapid capital inflows and positive news, indicating a significant short-term increase in risk appetite, with funds concentrating on high-quality projects with clear fundamentals and long-term narratives. * Alpha Insights: The total global stablecoin supply surpassed $301.5 billion, hitting a record high; USST from Tether co-founder’s stablecoin project STBL has continued to depeg since launch; Grayscale submitted a Form 10 to the SEC for the TAO Trust. Discover more details today → Gate Research: Global Stablecoin Supply Hits Record High | Grayscale Advances TAO Trust Product Registration Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. ### Disclaimer Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
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