Crypto Market Update – April 14, 2025:
Bitcoin Climbs Past $85K, Mantra Nosedives Nearly 88%
By Shayak Majumder | Updated: April 14, 2025, 10:32 AM IST
The new week kicks off with a mixed bag in the crypto world. Bitcoin (BTC) surged past the $85,000 milestone early Monday, showing signs of renewed momentum after a relatively turbulent weekend. Meanwhile, Mantra (OM) took a massive hit, plummeting nearly 88% in just 24 hours.
The total crypto market cap now sits at $2.69 trillion, reflecting a modest dip of 0.16% in the last 24 hours, according to CoinMarketCap.
🚀 Bitcoin (BTC) Soars Above $85K
BTC opened the day strong at $85,014.88, registering a slight 0.28% gain in the past 24 hours. On Indian exchanges, Bitcoin traded at approximately ₹72.56 lakh.
Experts point to favorable macroeconomic signals, including a softer US dollar and easing inflationary pressures, as factors supporting BTC’s climb.
🌐 Altcoins Mostly in the Green
Major altcoins followed suit, with Ethereum (ETH) gaining 1.55% to trade at $1,640.65 (~₹1.39 lakh in India). Solana (SOL), XRP, and Litecoin (LTC) also posted positive 24-hour gains.
- DOGE: $0.1670 (+1.05%)
- LTC: $79.38 (+2.07%)
- XRP: $2.15 (+0.20%)
- SOL: $133.16 (+2.10%)
📈 Top Gainers – April 14
Leading the pack of gainers is Flare (FLR) with an impressive 11.24% surge. Here’s how the top five shaped up:
- Flare (FLR) – $0.01724
- Decentraland (MANA) – $0.2866 (+6.95%)
- Bitcoin Cash (BCH) – $350.75 (+3.72%)
- Tron (TRX) – $0.2554 (+3.37%)
- Artificial Superintelligence Alliance (FET) – $0.4961 (+2.94%)
📉 Top Losers – April 14
On the other end of the spectrum, Mantra (OM) collapsed dramatically:
- Mantra (OM) – $0.7586 (-87.90%)
- Walrus (WAL) – $0.4664 (-9.51%)
- Movement (MOVE) – $0.302 (-9.45%)
- Ethena (ENA) – $0.3093 (-7.81%)
- Sui (SUI) – $2.25 (-6.66%)
🧠 What Experts Are Saying
Alankar Saxena, CTO at Mudrex, highlights Bitcoin’s resilience:
“With BTC trading above $85K and positive signals from US economic data, there’s potential to test resistance near $90K. However, strong support holds at $80K.”
CoinSwitch observed a surge over the weekend, noting that Trump’s tariff exemption on tech items gave markets a boost. Still, caution lingers as BTC trades below its 50- and 100-day moving averages.
Avinash Shekhar of Pi42 notes:
“BTC’s recent dip to $74K was a healthy correction. However, leverage-fueled rallies pose risk if the momentum doesn’t hold.”
BuyUcoin CEO Shivam Thakral called Trump’s crypto bill signing a potential game-changer:
“This could set the stage for regulatory clarity, fueling more institutional participation.”
CoinDCX emphasized a bullish start to the week, citing strong rebounds across both BTC and altcoins. Flare and MANA are catching investors’ eyes, while Mantra continues its dramatic fall following an initial 93% weekend drop.
TL;DR:
Bitcoin’s back in the spotlight, inching toward $90K. Altcoins show strength, but the dramatic crash of Mantra (OM) shakes confidence. Watch for volatility as macro trends and regulatory shifts continue to steer the market.
