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OM’s price collapse has yet to attract buyers, with technical indicators showing no sign of accumulation. Bearish pressure still dominates.
Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints. Trump’s potential pro-Bitcoin stance could shift global crypto politics. BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
Quick Take The OM token plunge has seen over $71.8 million in liquidations over the past 24 hours. The project’s co-founder disclosed that the price movements were caused by “reckless forced closures” initiated by centralized exchanges on OM account holders.
The total crypto market cap chart has formed a bullish falling wedge pattern. The analyst also highlighted a bullish divergence on the altcoin market cap chart. The last time such a setup was seen, a massive altcoin rally was seen in 2020.
Solana’s price has grown by more than 10% over the past week while ether’s has fallen by a similar proportion, leading the SOL/ETH price ratio to a new all-time high at daily close. The ratio of ETH to BTC has also fallen to its lowest value since early 2020. Ethereum co-founder Vitalik Buterin hinted on X that future hard fork upgrades to the blockchain network could come faster following the upcoming Pectra upgrade set for early May.
- 09:36Executive Director of Trump's Digital Asset Advisory Board: The significance of Bitcoin strategic reserves lies in the recognition of BTC valueBo Hines, the executive director of Trump's Digital Assets Advisory Committee, released his interview content on the X platform. In it, he explained the importance of America's Bitcoin strategic reserve. He stated that Trump launched a Bitcoin strategic reserve to accumulate assets for Americans rather than plundering them. At the same time, the significance of a Bitcoin strategic reserve lies in recognizing BTC's value. Since there is a limited amount of Bitcoins available, this could potentially trigger a global competition for asset accumulation.
- 09:28Amazon AWS: Some EC2 instances experienced connection issues, now restored to normalNews on April 15th, Amazon AWS released an update stating that between 12:40 and 1:43 Pacific Time, some EC2 instances in a single availability zone (apne1-az4) located in the Asia-Pacific Northeast-1 region (AP-NORTHEAST-1) experienced connection issues. The problem originated from simultaneous interruptions of the main power supply and backup power supply, affecting the normal operation of related EC2 instances. During this period, customers may encounter higher error rates and delays on instances launched within the affected area, and some other AWS APIs dependent on these EC2 instances may also be affected. Our engineers intervened automatically within minutes and immediately began investigating and implementing corrective measures. We do not believe this issue will occur again. Currently only a very small number of instances are still deployed on hardware affected by the power outage. Efforts will continue to restore all affected instances and volumes, but for immediate recovery, it is recommended to replace these yet-to-be-recovered instances or storage volumes as much as possible. This issue has now been resolved with services back to normal operation.
- 09:15El Salvador only has 20 active Bitcoin Service Providers (BSPs)According to Bitcoin.com News, records from the Central Reserve Bank of El Salvador show that only 20 out of the country's 181 registered Bitcoin Service Providers (BSPs) are actively operating, accounting for just 11%. This includes the official digital wallet Chivo, which is set to be dissolved according to an agreement reached between the government and the International Monetary Fund (IMF). Despite being one of the first countries to open its doors to bitcoin and cryptocurrency services, interest in these solutions has remained low among local residents.