Market Wrap: Bitcoin Rebounds to $10.5K; Stablecoin Market Cap ‘Goes Parabolic’

Bitcoin has performed well in the face of a bleak news cycle while stablecoin assets in the crypto ecosystem continue to grow.

  • Bitcoin (BTC) trading around $10,515 as of 20:00 UTC (4 p.m. ET). Slipping 0.44% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,362-$10,667
  • BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians.

Bitcoin trading on Coinbase since September 30.
Source: TradingView

Bitcoin’s price stumbled in the early hours of…


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