Bitcoin’s stable price movement, OM Token’s sudden drop, Michael Saylor hints at more Bitcoin purchases, and Cathie Wood’s… – LongPort

The cryptocurrency market witnessed a week filled with ups and downs, as major players like Bitcoin, Ethereum, XRP, and Dogecoin meandered in a sideways trend due to ongoing tariff uncertainties. Among the chaos, MANTRA’s OM token took a massive hit, crashing by almost 90% and wiping out a staggering $4.6 billion in market capitalization. This sudden and drastic decline left investors in a state of shock, prompting the CEO to reassure them of corrective measures.

On the other hand, Michael Saylor, the co-founder and executive chairman of Strategy Inc. MSTR, sparked speculation by hinting at the company’s potential return to acquiring Bitcoin after a brief pause. His enigmatic message, “No Tariffs on Orange Dots,” left many wondering about the implications of this move. Additionally, President Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell for his hesitance to lower interest rates. Despite Trump’s public criticism, market participants, as indicated by Polymarket, are largely betting on no changes in the Fed’s policy stance at the upcoming May 7 meeting.

Meanwhile, Cathie Wood’s Ark Invest made strategic trades that caught the attention of investors. The firm acquired shares in Robinhood Markets Inc. HOOD, ARK 21Shares Bitcoin ETF BTC, and 3iQ Solana Staking ETF, signaling a significant reshuffling of their crypto portfolio. These moves underscore the ongoing shifts and adaptations within the crypto investment landscape.

As the cryptocurrency market continues to evolve, these recent events serve as a reminder of the inherent volatility and unpredictability of digital assets. Investors are advised to tread cautiously and stay informed about market developments to make informed decisions. Despite the challenges and uncertainties, opportunities for growth and innovation persist within the realm of cryptocurrencies. Stay tuned for further updates and insights as the market dynamics unfold.