Crypto Price News For April 14: BTC Reaches $84K, Mantra Crashes

The cryptocurrency market experienced a day of mixed results amid market volatility caused by US President Donald Trump’s shifting tariff policies. While the broader market remained relatively stable, a few cryptocurrencies managed to post gains, while others faced steep declines, especially after the shocking crash of Mantra (OM).

According to CoinMarketCap, the global cryptocurrency market cap has dropped slightly by 0.08%, now standing at $2.68 trillion. Despite this, market volume surged by 9.21%, reaching $84.01 billion, signaling a rise in trading activity as investors reacted to the ongoing market uncertainty. The CMC 100 Index also saw a small decline of 0.20%, reflecting the overall cautious sentiment in the crypto space.

Driving Market Forces

The market has been shaken by trade uncertainty, driven by US President Donald Trump’s fluctuating tariff announcements. However, the recent 90-day tariff pause on key tech imports from China has sparked some optimism, giving the market a chance to recover from its recent losses. Bitcoin (BTC) has gained 0.13%, trading above $84,000, while Ethereum (ETH) has seen a 1.07% rise, now trading at $1,631.

This temporary tariff pause has calmed some fears about the impact of Trump's aggressive tariff policy on the US economy, particularly with the exemption of electronic imports from China, which make up a large portion of the trade surplus. Yet, Trump has indicated that this pause will only last for a short period, with plans to announce separate tariffs on electronics and semiconductors soon.

For now, the temporary tariff relief has helped ease some immediate concerns, but the market remains on edge as Trump has ramped up his tariffs on China, triggering retaliatory measures.

Top Gainers

Several cryptocurrencies have posted significant gains today:

• Flare (FLR): +14.79%
• Decentraland (MANA): +7.36%
• Raydium (RAY): +6.52%
• TRON (TRX): +3.65%
• Solana (SOL): +3.11%
• Pepe (PEPE): +2.38%

Flare (FLR) led the charge with a significant 14.79% gain, likely due to positive market sentiment surrounding its upcoming developments. Decentraland (MANA) followed closely with a 7.36% increase.

Raydium (RAY) also showed strong performance with a 6.52% rise, while TRON (TRX) and Solana (SOL) posted more modest gains of 3.65% and 3.11%, respectively. Pepe (PEPE) rounded out the top gainers with a 2.38% increase, making it one of the few meme coins to see positive movement.

Top Losers

Unfortunately, some coins faced severe losses:

• Mantra (OM): -88.72%
• Movement (MOVE): -7.75%
• Story (IP): -6.08%
• JasmyCoin (JASMY): -5.87%
• Ethena (ENA): -5.25%
• Polygon (POL): -4.83%
• Celestia (TIA): -3.16%

Mantra (OM) saw an extraordinary crash of 88.72%, allegedly due to an insider dumping significant holdings, which caused its price to plunge from nearly $6 to below $0.40. This wiped out billions in market value and left investors in shock. Movement (MOVE) followed with a 7.75% decline, while Story (IP) dropped 6.08%.

JasmyCoin (JASMY) and Ethena (ENA) also experienced losses of 5.87% and 5.25%, respectively. Polygon (POL) and Celestia (TIA) saw more moderate declines, with POL losing 4.83% and TIA dropping 3.16%.

Market Overview

Overall, the crypto market remains in a fragile state as President Trump's tariff policies continue to weigh heavily on investor sentiment. While Bitcoin and Ethereum have managed to stay relatively stable, certain altcoins experienced significant gains, while others, like Mantra, suffered massive crashes.

Investors will be closely watching further developments in the trade war and tariff discussions, which could lead to more volatility in the coming weeks.