Bitcoin has surged past $125,000, with altcoins initially mirroring this upward trend, though some consolidation is now evident among them. The ongoing US government shutdown further highlights the need for alternatives to traditional fiat currencies, a role cryptocurrencies are designed to fulfill. We will delve into the top five developments and key technical indicators for cryptocurrencies.
What are the top 5 stories in crypto since the start of October?
The total crypto market cap reached new highs of $4.27 trillion, but has retraced since
Crypto total market cap 3-day chart, October 13, 2025 – Source: TradingView. Past performance is not indicative of future results.
A new buying wave, sparked by the US government shutdown, led to a new record high in the crypto total market cap of $4.28 trillion.
However, this was followed by several corrections, indicating uncertainty at the peak.
The cryptocurrency market has been very volatile – investors and participants are seeking greater certainty amidst the latest US-China trade dispute.
The weekly open has shed some light, with cryptos sparking a recovery this past weekend following President Trump's “don’t worry about China, it will all be fine!” comments.
Some analysts start to describe Bitcoin as a safe-haven asset
Amid a debasement trade1 in 2025 that has propelled metals and equities, a growing number of analysts are now considering cryptocurrency, particularly Bitcoin, as a safe haven2.
This shift is occurring due to increasing concerns about global government financial stability and geopolitical turmoil.
While the idea of Bitcoin as a safe haven is gaining traction3, especially as investors seek alternatives during economic uncertainty, its true resilience will be tested when other assets lose value.
As crypto firms accelerate stock tokenization, investor protection issues come to the fore
A major race is underway by crypto firms to sell "tokenized stocks" — digital assets designed to track real share prices of companies. Proponents hail this as a way to allow 24/7 trading and instant settlement.
However, the global industry group for exchanges, the World Federation of Exchanges (WFE), is sounding the alarm, urging regulators to "crack down" on abusive uses of this new market phenomenon4.
The WFE calls these products “mimics” that often do not provide investors with the same rights, protections, or disclosures as traditional shares. They warn that the practice risks eroding investor rights and fragmenting market liquidity by operating outside regulated venues.
The WFE supports only proposals — like the one from Nasdaq — that agree to treat the tokens exactly like traditional, fully regulated stocks.
European nations diverge on Crypto regulation
The UK gave a cautious yes to wider crypto access by lifting a ban on retail crypto ETNs in tax-advantaged accounts5.
However, the UK's largest retail app immediately issued a strong warning about the inherent volatility and speculative nature of digital assets6.
Meanwhile, France said no to the core EU crypto-licensing system (MiCA passporting)7 and, along with other European counterparts,threatens to block licenses granted by other EU countries, citing concerns that firms are "regulatory shopping" for the most lenient standards.
They demand a shift to centralized EU oversight for better investor protection.
A gigantic liquidation move on Friday, October 10, shakes cryptocurrency markets
As mentioned in the first headline, US President Trump sent markets ablaze on Friday, October 10. Tighter regulations from Beijing heightened tensions and fears of another trade war.
Crypto markets, sensitive to risks particularly right before an unpredictable weekend, saw gigantic liquidations around 16:00 ET.
This move, which also triggered algorithms and stop losses, erased almost $1 trillion from the digital asset market in a flash.
The current market cap is back $640B higher from its $3.24T lows; however, the extent of such a move leaves scars among participants, particularly the most leveraged ones.
Technical levels for Ethereum, Bitcoin, and Solana
Ethereum maintains a sideways picture after the Friday scare
Ethereum 8H chart, October 13, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support levels:
- $3,500 support zone
- December 2024 highs $4,095 acting as a higher timeframe pivot
- 4,200 consolidation
- October 10 lows $3,433
Resistance levels:
- Current all-time highs $4,950
- $4,700 to $4,950 all-time high resistance zone
- $4,600 mini-resistance
- $4,200 to $4,300 consolidation (confluence with 50-period MA)
Bitcoin comes back to its ascending channel despite a $102,000 wick
Bitcoin daily chart, October 13, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support levels:
- $110,000 to $112,000 previous ATH support zone
- $106,000 to $108,000 key support
- October 10 wick at $102,000
- $100,000 main support at the psychological level
Resistance levels:
- Current all-time high $126,255
- Major resistance $122,000 to $124,500
- $115,000 to $117,000 key pivot (immediate resistance)
Solana responds well to its channel lower bound
Solana daily chart, October 13, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support levels:
- Support zone $200 to $205
- $185 higher timeframe momentum support
- $168 October 10 wick
Resistance levels:
- $210 to $220 resistance zone with MA 50 and 200 confluence
- November 2024 $238 to $240
- $250 to $255 main resistance
- $290 to $300 all-time high resistance ($295 ATH)
This article is for general information purposes only, not to be considered a recommendation or financial advice. Past performance is not indicative of future results. It is not investment advice or a solution to buy or sell instruments.
Opinions are the authors; not necessarily those of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors.
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