Muhammad Akhtar

Binance Market Update: Crypto Market Trends | April 17, 2025

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According to CoinMarketCap data, the global crypto market cap is $2.66T, a 0.83% increase over the last day.
Bitcoin (BTC) traded between $83,275 and $85,500 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,371, up by 0.68%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include STRAX, BSW, and BIO, up by 71%, 35%, and 28%, respectively.
Top stories of the day:
Binance Reports 99.99% API Uptime in H2 2024, Reinforcing Reliability During Record Traffic Surges Binance Launches ‘Beyond the Boundary’ Campaign with Islamabad United to Support Orphans at Pakistan Sweet HomeBitcoin Investor Behavior Signals Potential Local PeakFamily Offices Favor Ethereum Over Bitcoin in ETP AllocationsFormer SEC Chair Predicts Bitcoin's Longevity Due to Global Interest Federal Reserve's Reverse Repo Operations Hit New Low Since 2021Dollar Index Declines as Bitcoin Shows Potential for Rebound Bitcoin Accumulation Trend Reaches Yearly High Despite Price Weakness Ethereum Holdings Decline Among Mid-Sized Wallets Panama City Council Approves Cryptocurrency Payments for Public Services
Market movers:
ETH: $1593.24 (+1.16%)
XRP: $2.0899 (+0.79%)
BNB: $585.3 (+1.17%)
SOL: $133.09 (+6.34%)
DOGE: $0.15595 (+1.39%)
ADA: $0.6155 (+1.48%)
TRX: $0.245 (-3.51%)
WBTC: $84388.17 (+0.78%)
LINK: $12.44 (+1.80%)
AVAX: $19.22 (+1.75%)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BSW
0.0144
-4.00%

DOGE
0.15495
-0.40%

BIO
0.0505
+16.09%
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This Viral Meme Coin Soars by 8% Daily, Bitcoin Price Eyes $86K
Bitcoin’s price retraced slightly yesterday, but the overall more positive momentum has endured, and the asset is close to $86,000.
Most altcoins are slightly in the red today, aside from TON, which has gained around 5%. OM has failed to recover from yesterday’s crash.
Price Action
Total Mkt Cap: $2.78 Trillion | 24HR Liquidations: $187M | Sentiment: Fear 

Thanking our Newsletter sponsor:

Yeti Ouro is a viral meme coin integrated with an exciting play-to-earn (P2E) game built on the popular Unreal Engine and operating on Ethereum.

Bitcoin

The primary cryptocurrency endured a highly volatile and painful five-day trading period last week when its price tumbled below $75,000 for the first time since November after Trump’s Trade War took another turn for the worse. After an immediate but brief bounce, BTC dropped to those levels once again on Wednesday.
However, the tariff pause for most countries, except China, and the favorable US CPI data for March brought some much-needed relief to the crypto market. Bitcoin skyrocketed past $83,000 on the same day and jumped to $84,000 during the weekend after a brief correction at first.
Sunday was even more positive as the asset climbed to $85,000 and tapped $86,000 for the first time in a week on Monday. It slipped to $83,000 yesterday but bounced off again and now sits close to $86,000.
Its market capitalization stands just inches above $1.7 trillion, while its dominance over the alts is at 61% on CG.

Altcoins
Most larger-cap alts have posted some minor losses over the past day, led by SUI and DOGE as both have dropped by around 3-4%. SOL, TRX, AVAX, and SHIB are also slightly in the red.
In contrast, ETH, XRP, and ADA are with insignificant gains, while TON has jumped by over 4% and sits close to $3. OM has failed to recover any substantial portions of yesterday’s crash, while HYPE trades above 16% after a 3% daily increase.
FARTCOIN is the top gainer from the largest 100 alts, having surged by over 8% to $0.92.
The total crypto market cap has added around $25 billion since yesterday and is up to $2.8 trillion on CG.

Best Performers
Story (IP) +6.4%Kaspa (KAS) +4.7%Toncoin (TON) +4.5%
Worst Performers
Pi Network (PI) -8%XDC Network (XDC) -6.9%Ethena (ENA) -6.8%
The Crypto News You Can't Miss
Retail investors remain focused on momentum while whales accumulate amid macro and market uncertainty. Read the full story.

From Binance to KuCoin: Major exchanges crippled by single point of failure in Amazon Web Service data center. Read the full story.

Last week’s tariff disruptions led to record outflows in digital assets, with Bitcoin suffering the largest losses. Read the full story.

CZ donated $100,000 in BNB to LIBRA victims, and crypto users have sent him much more than he contributed; however, he is keeping none of the tokens. Read the full story.
Your Daily Crypto Did You Know
Bitcoin Bugs: In 2010, a major bug allowed a user to exploit Bitcoin’s code to create 184 billion BTC in one transaction. The bug was fixed within hours, and the blockchain was hard-forked to remove the excess coins.

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About Crypto Prices
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of central banks and governments. While Bitcoin is the most popular cryptocurrency, top cryptocurrencies by market cap include Ethereum, BNB, Litecoin, XRP, Dogecoin, among others.
The value of a cryptocurrency is determined by the interplay of supply and demand on leading digital currency exchanges. Several elements influence cryptocurrency’s prices, such as prevailing market sentiment, impactful news events, noteworthy announcements, and shifts in regulatory stances. Given these factors, the value of a cryptocurrency can fluctuate within brief timeframes, making it a highly volatile investment.
How can I predict cryptocurrency prices?
How much is a cryptocurrency worth?
What are the top crypto coins right now?
What affects cryptocurrency prices?
How to read cryptocurrency price charts?
Why is crypto so volatile?

MANTRA co-founder says forced liquidations triggered OM token's 90% crash
by
Vivian Nguyen
4 hours ago
The project will hold a community connect on X to address the recent OM token price collapse.

Photo: Jeremias Ramos
Key Takeaways
OM token crashed 90% due to forced liquidations by centralized exchanges, said MANTRA's co-founder.MANTRA denies involvement from MANTRA team or investors in the price drop.
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John Patrick Mullin, the co-founder and CEO of MANTRA, addressed the OM token’s abrupt 90% price decline on Sunday, stating that “reckless forced closures” on CEXs caused the drop, rather than alleged internal activity by the project team.
“The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice,” Mullin said in a statement to the community a few hours after the crash surfaced.
While not naming any specific platform, the entrepreneur argued that the issue was the possibly unchecked and “reckless” actions of the CEXs where OM was being traded.
“That this happened during low-liquidity hours on a Sunday evening UTC (early morning Asia time) points to a degree of negligence at best, or possibly intentional market positioning taken by centralized exchanges,” he stated.
Mullin noted that these exchanges “continue to exercise enormously high levels of discretion,” and warned that when such powers are used without oversight, “dislocations like what recently happened can and will occur, hurting both projects and investors alike.”
The OM token, which peaked at $9 earlier this year, fell from $6.3 to as low as $0.37 on April 13. At the time of writing, the token has slightly recovered above $1.
MANTRA was accused of offloading their bag. However, Mullin denied those claims, stressing that “this dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA’s investors.”
Mullin added that all team and investor tokens are still locked according to their publicly disclosed vesting schedules. He also claimed that the OM token’s fundamental tokenomics remain unchanged.
MANTRA, which recently became the first DeFi protocol licensed by Dubai’s Virtual Assets Regulatory Authority (VARA), plans to host a community discussion on X to address the recent incident.
The explanation didn’t ease concerns in the crypto community. Many still felt the statement lacked transparency. In a follow-up post, Mullin said that the team is working on compiling details of the situation.
Previously, several altcoins suffered sharp declines on Binance, including Act I: The AI Prophecy, which dropped 50%, DeXe, which fell 38%, and dForce, down 19%. The declines came after Binance revised margin requirements, which could increase liquidation risks for undercollateralized positions.