Coindesk

By Omkar Godbole (All times ET unless indicated otherwise)The new week is off to a silent start as bitcoin looks to establish a foothold above the trendline, characterizing the downtrend line from record highs, with $86K emerging as resistance over the weekend. FLR, TRX and SOL beat the broader market, while the RWA protocol Mantra's OM token tanked during the Asian hours.Mantra blamed the 90% crash to 70 cents on forced liquidations on crypto exchanges, while blockchain sleuth Spot On Chain pointed to a significant movement of coins to crypto exchange OKX three days before the crash. Meanwhile, OKX's CEO Star Xu called the OM token collapse a major scandal for the entire crypto industry, stressing that all on-chain data is publicly...

Ray Dalio is sounding the alarm — not just about a potential recession, but about a deeper, systemic breakdown of the global economic and political order in an interview with CNBC on Sunday. His concerns aren’t just about market volatility; they point to a broader structural fragility.Interestingly, bitcoin (BTC) has been showing resilience amidst the chaos. The digital asset has broken a three-month downtrend and is approaching $85,000, signaling it may be stepping into a role as a potential alternative safe haven.Mixed signals continue from the White House on tariffs, adding to the growing uncertainty weighing on global markets. As a result, markets continue to be extremely volatile especially over the past two weeks as Trump’s tariff policies take hold....

Bullish bitcoin (BTC) options strategies are becoming popular again, stabilizing a crucial sentiment indicator that indicated panic early last week.BTC has bounced to over $84,000 since probing lows under $75,000 last week. The recovery comes as the bond market chaos supposedly forced President Donald Trump to capitulate on tariffs just days after announcing sweeping import levies on several nations, including China. Late Friday, The Trump administration issued new guidelines, sparing key tech products like smartphones from his 125% China tariff and baseline 10% global levy. Hours later, Trump refuted the news, suggesting no relief on tariffs.Still, the price recovery saw emboldened traders chase upside in BTC through the Deribit-listed call options. A call gives the purchaser the right but not...

Crypto traders were reminded of Terra’s LUNA early Monday as trendy real-world asset upstart Mantra’s OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running abound among crypto circles.OM plunged from over $6 to just over 40 cents late Sunday to early Monday in typically low liquidity hours for the crypto market — where outsized volumes can trigger massive price movements in either direction.“We want to assure you that MANTRA is fundamentally strong,” the team said in an X post following the price drop. “Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are...

Bitcoin (BTC) is flat as East Asian markets open for the week, trading above $84K, as the White House presents mixed messages on semiconductor and technology component tariffs.Over the weekend, Commerce Secretary Howard Lutnick said that the White House’s decision to exempt items like smartphones, computers, and the semiconductors that power them from tariffs was a temporary measure.President Trump confirmed it later in a press briefing, stating that the tariff rate would be announced next week, but there would be some "flexibility" on the matter."The market saw a material rebound as popular consumer electronics categories were exempted from the 125% tariffs on China," BTSE COO Jeff Mei told CoinDesk in a Telegram message. "Even after Trump mentioned that they would...