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Wall Street Breakfast

Crypto bounces back

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 13 October 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Crypto markets rebound as Trump, Vance signal openness to China trade deal. (00:25) Xiaomi shares slide following reports of EV crash. (02:10) UPS telling some customers packages bound for the U.S. are being destroyed. (02:52)

Episode transcripts seekingalpha.com/wsb.

Show links: 
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

Thanks so much for joining us on this Monday, October 13th, Columbus Day, but not a market holiday.

0:14.9

I'm Julie Morgan.

0:16.5

Crypto is on the mend.

0:18.1

Xiaomi is under fire, and UPS faces customs chaos ahead of the holidays.

0:25.3

Major cryptocurrencies are staging a rebound after a bruising weekend sell-off

0:30.0

as President Trump tried to ease worries over trade tensions between the U.S. and China.

0:35.9

According to Coin Gecko, the total market value of all

0:39.3

cryptocurrencies climbed more than 6% to surpass $4 trillion. Bitcoin recovered to around $115,000 after

0:48.5

briefly dipping below $105,000 on Friday in the U.S. Smaller tokens are also bouncing back with ether rising to

0:56.8

about $4,100 after falling below $3,500. Other notable crypto gainers include XRP up 4%, Binance coin up 3.3% and

1:08.8

stellar up 1.3%. The rebound followed comments on Sunday from President

1:14.3

Trump and Vice President J.D. Vance, who signaled a willingness to reach a trade agreement with China.

1:20.6

The remarks came after Friday's announcement of steep new tariffs on China, which wiped out a record

1:26.1

$19 billion in crypto positions and triggered

1:29.5

a sharp market sell-off. As of the time of this recording, crypto exchanges Coinbase Global

1:35.1

and Bullish are both up 3.2%. Stablecoin issuer Circle Internet Group is up 5.4%. And blockchain-based lender figure technology solutions is up

1:47.3

2.9%. Both Circle and Figure went public earlier this year. Other crypto-linked stocks to watch

1:54.8

include Riot Platforms, Marathon Digital, Micro Strategy, SharpLink Gaming, Bit Digital, BitMine immersion technologies, and

2:04.2

Clean Spark. All are in the green at this early hour with BitMine up 7%. Shares of Chinese

2:11.6

smartphone and EV maker, Xiaomi, dropped over 7% on Monday after reports of a car crash in China. One of its

2:19.8

SU7 electric sedan's doors fell to open after a fiery crash in the southwest Chinese city of

...

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