The previous week was a rollercoaster trip for the cryptocurrency market. Bitcoin BTC/USD, Ethereum ETH/USD, XRP XRP/USD, and Dogecoin DOGE/USD moved sideways amid tariff uncertainties. The OM token of Layer-1 blockchain MANTRA noticed a dramatic crash, wiping out billions of {dollars}. In the meantime, Michael Saylor hinted at a resumption of Bitcoin shopping for, and President Trump lashed out at Fed Chair Jerome Powell. Cathie Wooden additionally made important crypto trades.
Let’s dive into the small print.
Bitcoin, Ethereum, XRP, Dogecoin: A Sideways Dance
Cryptocurrency markets traded sideways on Monday, with merchants maintaining a detailed eye on the continued tariff uncertainty. Regardless of the dearth of clear course, one dealer suggested in opposition to going lengthy on certainly one of these cryptocurrencies.
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OM Token’s Dramatic Crash
The OM token of Layer-1 blockchain MANTRA crashed by almost 90% on Sunday, erasing a whopping $4.6 billion from the coin’s market capitalization. The sudden plunge left buyers reeling, with the CEO promising to repair the scenario.
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See Additionally: Ethereum’s 2024 Positive factors Erased In Q1 2025 as Solana Reigns Supreme in DEX Area: Report
Michael Saylor’s Bitcoin Tease
Michael Saylor, co-founder and government chairman of Technique Inc. MSTR, hinted at a resumption of Bitcoin (BTC/USD) shopping for after per week’s pause. His cryptic submit, “No Tariffs on Orange Dots,” left many speculating in regards to the firm’s subsequent transfer.
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Trump’s Assault on Fed Chair Powell
President Donald Trump criticized Federal Reserve Chair Jerome Powell for his reluctance to chop rates of interest. Regardless of Trump’s tirade, market members, as tracked by Polymarket, are overwhelmingly betting on no change within the Fed’s coverage stance for its upcoming Might 7 assembly.
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Cathie Wooden’s Crypto Shuffle
Cathie Wooden-led Ark Make investments made important trades, notably buying shares in Robinhood Markets Inc. HOOD, ARK 21Shares Bitcoin ETF BTC, and 3iQ Solana Staking ETF. The transfer indicators a reshuffling of the agency’s crypto portfolio.
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