The cryptocurrency market opened the week with a combination of stability in major assets and sudden volatility in select tokens. Bitcoin maintained its recent upward trajectory, trading at $84,391.57 after gaining 0.37 percent in the past 24 hours.
Over the last seven days, it posted a 12.43 percent increase, pushing its market capitalization to $1.67 trillion.
Ethereum followed closely with a steady price of $1,620.18, gaining 0.14 percent on the day and 10.89 percent over the week. XRP remained a standout performer among top cryptocurrencies, trading at $2.11 after climbing 24.54 percent in seven days.
The digital asset recently broke resistance at $2.05 and is consolidating gains above $2.10.
Tether (USDT), the leading stablecoin, held firm at $0.9996 with a substantial 24-hour trading volume of $63.78 billion. The broader market retained healthy liquidity levels, although isolated disruptions affected sentiment in some areas.
Also Read: Metaplanet Expands Bitcoin Holdings With Latest 3.78 Billion Yen Investment
OM Token Crashes 90 Percent as Panic Liquidations Shake Market
The Mantra OM token experienced a dramatic collapse in price, falling 87.66 percent in just 24 hours. Its value dropped to $0.7748, wiping out nearly $5 billion in market capitalization and pulling its total value down to $751 million. Trading volume spiked to $2.25 billion, reflecting heightened sell pressure and investor panic.
Concerns over insider activity and a lack of transparency fueled speculation around the sharp decline. Co-founder JP Mullin responded by denying team abandonment and published wallet details to restore confidence.
Mantra stated that the crash was caused by “reckless liquidations,” distancing the core team from any direct role in the sell-off.
The situation has drawn widespread attention, with OM’s price action marking one of the most severe single-day losses for any token in recent months.
Metaplanet Inc. Expands Bitcoin Holdings and Reports Over 100 Percent Yield in 2025
Japanese company Metaplanet Inc. deepened its Bitcoin position, according to a public update shared by Simon Gerovich. On April 14, Gerovich revealed that the firm had acquired 319 BTC for approximately $26.3 million at an average price of $82,549 per Bitcoin. This brought Metaplanet’s total holdings to 4,525 BTC.
The firm’s total Bitcoin investment now stands at $386.3 million, with an average acquisition cost of $85,366 per BTC. Year-to-date, Metaplanet has achieved a Bitcoin yield of 108.3 percent in 2025. The move reflects the company’s ongoing strategy to utilize Bitcoin as a core treasury asset amid growing institutional interest.
Conclusion
The start of the week brought a mix of developments across the crypto sector. While Bitcoin and Ethereum sustained steady gains, the collapse of OM introduced fresh uncertainty. Metaplanet’s continued Bitcoin acquisitions, however, highlight the persistent institutional demand shaping market direction.
Also Read: Massive $578M Bitcoin Exit from Kraken Triggers Panic and Speculation Frenzy
