Crypto News
Mantra CEO Pledges to Burn His Team Tokens After Major 90% OM Crash
John Patrick Mullin, co-founder and CEO of Mantra, claims he’ll burn his OM after the token’s Sunday crash.Source link
OKX Officially Launches US Operations With New Exchange and Wallet
OKX has officially announced its launch in the United States, introducing a centralized cryptocurrency exchange and the OKX Wallet, with its regional headquarters established in San Jose, California. Roshan Robert has been appointed as the US CEO, emphasizing the company’s commitment to enhancing access to digital assets in a secure and compliant manner. The phasedSource link
Crypto Daybook Americas: Bitcoin Drop Deepens as U.S.-China Trade War Escalates
By Francisco Rodrigues (All times ET unless indicated otherwise)Cryptocurrency prices are down across the board over the last 24 hours amid a wider risk asset sell-off triggered by deepening U.S.-China trade tensions.The White House said China now “faces up to a 245% tariff on imports” and imposed new restrictions on chip exports to the country. Bitcoin (BTC) fell more than 2.2% while the broader market, measured by the CoinDesk 20 (CD20) index, declined 3.75%.Nasdaq 100 futures are also down, losing more than 1% while S&P 500 futures dropped 0.65%. While bitcoin has remained notably stable as the trade war escalated, some metrics suggest the bull run may have ended.The largest cryptocurrency slipped below its 200-day simple moving average on March...
Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips
The altcoins underperformed relative to the broader market in today’s trading, despite some encouraging recent news emerging for the Solana ecosystem.Source link
Bitcoin Nears Capitulation as Short-Term Holders Face Deep Losses
Bitcoin’s (BTC) on-chain metrics are flashing a key signal once again, as the short-term holder (STH) MVRV ratio fell to 0.82 — a level historically associated with market stress and capitulation, according to Glassnode data. This metric compares the market value (current BTC price) to the realized price (average cost basis of coins held by short-term holders). A STH MVRV value below 1.0 indicates that recent buyers are, on average, underwater, holding unrealized losses. At 0.82, this means short-term holders are down roughly 18% on average, a sign that many are experiencing significant pain.This level closely mirrors previous MVRV cycle lows: 0.84 in August 2024 and 0.77 in November 2022, both of which preceded market bottoms and trend reversals.Historically, such...