The total value of the cryptocurrency (total) and Bitcoin market continues to have fluctuations in mid -April. Among the altcoins, the mantra (OM) was the most affected, with almost all its quotation plummeting due to critical allegations.

In today’s news (14):

• The Token Mantra (OM) suffered a 94% drop in price, losing more than $ 5.5 billion in market capitalization. Allegations of selling privileged information were pointed out as responsible for the fall, which took the om of $ 6.33 to less than $ 0.37, generating comparisons with the collapse of Terra Luna.
• World Liberty Financial (WLFI), supported by the Trump family, added 4.89 million SEI tokens, worth $ 775,000 to its portfolio. The purchase was made on April 12 through a WLFI negotiating portfolio using USDC, which had been previously used to accumulate other altcoins.

The cryptocurrency market is maintaining

The total value of the cryptocurrency market has dropped US $ 27 billion in the last 24 hours, currently located at US $ 2.64 trillion. This fall occurs amid a widespread weakness of the market, causing significant fluctuations. Investors are aware of potential signs of recovery as market conditions change.

At the moment, the total is above the $ 2.61 trillion support level. If this support remains, there is hope of recovery. However, if the market continues to have weakness, the total may fall even more, potentially testing the $ 2.50 trillion mark and expanding market losses.

If the market in general stabilizes, Totalcap may recover, recovering from US $ 2.61 trillion. This would take the total value of the cryptocurrency market to the level of US $ 2.74 trillion. This level of resistance is crucial for continuous growth and, if broken, can signal a stronger recovery.

Bitcoin is fighting around $ 85,000

The price of Bitcoin is debating around $ 85,000, unable to establish itself as a solid support level throughout this month. The lack of strong support from investors and broader indicators on the market caused this volatility, leaving the price of bitcoin uncertain and vulnerable to new fluctuations in the short term.

Although a new fall seems unlikely, a drop to $ 82,000 is still possible if the general conditions of the market do not improve. Such a drop could lead to new sales by Bitcoin holders, reinforcing the feeling of low. This would probably result in a period of consolidation or continuous descending pressure.

However, if Bitcoin can secure $ 85,000 as a support, it may boost the price up. This would bring him closer to the next level of resistance of US $ 89,800, potentially invalidating the low perspective and signaling a recovery for cryptocurrency.

Mantra witnessed unexpected losses

OM is the largest loser of the day, week and month, having plummeted 87% in the last 24 hours. At the time of writing this text, Altcoin is being negotiated at $ 0.76. This drastic drop left investors concerned about their future price trajectory.

The drastic drop of $ 6.30 after selling allegations with privileged information triggered panic sales and raised the price to 94%intradia. Despite some attempts at recovery, OM remains vulnerable to new falls as investors continue to react to the negative feeling around the token.

The team behind OM denied the allegations of Insider Selling, seeking to reassure investors. However, any significant recovery will depend on the application of $ 1.00 as support.