The market seems to be taking a much-needed break from the decline (not talking about Mantra here).
Fear isn’t completely gone, but at least we’re not in panic mode anymore.
After weeks of tariff-induced anxiety, Bitcoin has finally found its floor above $83K. We’re not exactly celebrating yet, but hey, we’ll take any win at this point.
The Fear and Greed Index has crawled out of “Extreme Fear” territory.
Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
- Grayscale suggests Bitcoin could benefit from Trump’s tariffs as stagflation creates a perfect environment for scarce assets. But how is this economic uncertainty actually good for Bitcoin?
- Mantra’s OM token crashed 90% overnight, wiping out $74M in liquidations. What do blockchain investigators think happened?
The Social Security Administration is ditching traditional communication and going all-in on X – just tweets, no letters. But why would they hand over all public communications to a private platform? - Trump exempted smartphones, chips, and computers from his sweeping tariffs, sending Bitcoin past $85K. But why is its price down again?
- One analyst is doubling down on a prediction: Bitcoin at $1.8 million by 2035, potentially rivaling gold’s $21 trillion market cap. Why are these analysts still so bullish on Bitcoin?
- Anthony Pompliano claims Bitcoin holders saw what others missed in economic data, challenging official inflation figures and statistics. How did BTC holders spot these factors earlier?
Let’s dive in after the market overview!
Mantra Token Crashes Overnight
Mantra’s OM token just experienced a devastating 90% crash in mere hours, triggering a staggering $74 million in liquidations.
The token plummeted from $6.30 to $0.70, wiping out billions in market cap during low-liquidity Sunday evening hours.
Co-founder John Patrick Mullin quickly pointed fingers at centralized exchanges, blaming “reckless forced closures” on OM account holders for the collapse.
Ten massive positions each saw liquidations exceeding $1 million, according to Coinglass data..
What do blockchain investigators think happened? Read the full story!
US Social Security Goes All-In on X
The Social Security Administration is ditching traditional communication methods and going all-in on X.
No more official letters. No more press releases. JUST TWEETS.
This unexpected pivot comes as Musk’s Department of Government Efficiency (DOGE) recommends trimming the agency’s workforce by 7,000 employees.
Behind closed doors, DOGE has accused Social Security of distributing billions in wrongful payments – a claim the White House surprisingly endorsed.
But why would they hand over all public communications to a private platform? Read the full story!
Trump Shields Tech From Tariffs
Trump just slipped tech companies a golden ticket that sent Bitcoin soaring.
The President unexpectedly exempted smartphones, chips, and computers from his sweeping tariffs – sparing the tech sector from what could have been a devastating blow.
Bitcoin immediately broke past $85,000 on the news, showing just how intertwined crypto has become with tech industry fortunes.
But why is its price down again? Read the full story!
Bitcoin’s Path to Million-Dollar Status
Despite recent market turbulence and global trade tensions, one analyst is standing firm on its Bitcoin price prediction: $1.8 million by 2035.
Unchained’s Joe Burnett insists Bitcoin remains in a long-term bullish cycle that could ultimately rival gold’s $21 trillion market cap.
Surprisingly, Michael Saylor’s model is even more optimistic, projecting $2.1 million by the same year.
Why are these analysts still so bullish on Bitcoin? Read the full story!
CMC NARRATIVE: GAMEFI
GameFi market cap dropped 20% before recovering. Immutable set to combine gaming networks. BNB Smart Chain is becoming a hub for Web3 gaming. Aavegotchi will migrate to base. Trump tells the world to buy now… Continue Reading.
The Economic Lie
Anthony Pompliano just revealed: Bitcoin holders were the first to spot flaws in U.S. economic data and position themselves accordingly.
He’s challenging official inflation figures, job numbers, and GDP statistics – noting that even Treasury Secretary Scott Bessent confessed he doesn’t trust the government’s own data.
This revelation comes as Bitcoin breaks its historical correlation with stocks. When markets plunged on April 4th, Bitcoin rallied to $84,720 instead of following them down.
How did BTC holders spot these factors earlier? Read the full story!