The price of bitcoin today is quoted at US$ 84.857,14 with an increase of 0,5% on Monday, April 14, 2025.
Bitcoin continues to dominate the markets, consolidating its dominance over altcoins as it trades near $85. After reaching an 11-day high of $86 over the weekend, BTC has seen a slight correction but remains up 12,7% on the week.
The recovery came after a drop to around $74 earlier in the week, fueled by political tensions involving the United States. The reversal began with former President Donald Trump’s announcement of reduced tariffs on allied countries except China. Then favorable U.S. Consumer Price Index (CPI) data increased investor appetite.
With this performance, Bitcoin’s market value surpassed US$1,68 trillion. The cryptocurrency’s dominance reached 60,5% according to CoinGecko and 63,4% on TradingView, levels not seen since 2021. The increase in dominance indicates that capital is more concentrated in BTC compared to the rest of the cryptocurrency market.
Meanwhile, most altcoins saw moderate declines. Of particular note was Mantra’s OM token, which plunged by more than 95% following forced liquidations on centralized exchanges. The project’s CEO said the drop was caused by “reckless forced closures.”
Other large-cap assets, such as XRP, BNB, DOGE, ADA, TON and LINK, showed small losses in the last 24 hours. In contrast, TRX and SOL rose around 3%, with Solana trading close to US$ 135. Ethereum, on the other hand, advanced slightly, trading above US$ 1.600.
Mantra (OM)’s 95% drop generates millions in losses and raises doubts among investors
The Mantra (OM) token, associated with the real-world assets (RWA) sector, has suffered a 95% collapse in just a few hours. The cryptocurrency’s price plummeted from $6,17 to $0,42, resulting in a loss of over $6 billion in market value.
The impact was felt most by large holders of the asset. Three days before the crash, a group transferred around 14 million OM tokens, valued at $91 million, to the OKEx exchange. This investor had accumulated 84 million tokens acquired on Binance in March, which are currently worth just over $62 million — a devaluation of more than $400 million.
Just within 3 days before the crash, this group of fresh $OM whales moved 14.27M $OM (~$91M) to #OKX at an average price of $6.375.
Back in late March, they had jointly scooped up 84.15M $OM from #Binance for ~$564.7M (avg. $6.711). Now, after a brutal ~90% drop, their…
— Spot On Chain (@spotonchain) April 14, 2025
Other individual investors also reported significant losses. One said he had invested $3,5 million in the token, which is now worth less than $200. Another investor said he had lost $800 and said he was “damaged” by the project.
The collapse was caused by forced liquidations carried out by centralized exchanges, according to Mantra co-founder JP Mullin. Mullin denied any involvement by the project team in the move, stating that the team’s tokens remain locked and traceable on the blockchain. He also suggested that the brokerage responsible sold the assets during a period of low liquidity, intensifying the decline.
Without directly mentioning OKEx, the brokerage’s founder responded on social media and promised to release a report explaining what happened.
In response to the crisis, the Mantra team announced that it will hold a meeting with the community through the X platform (formerly Twitter) to clarify doubts and present the next steps. Those responsible for the project also warned holders to be wary of fake links and to pay attention to official communications.