📰 Crypto Roundup: What Went Down in the Second Week of April 2025

The crypto world never sleeps—and this past week was proof. The second week of April 2025 delivered everything from dramatic crashes and shocking comebacks to political power plays and whale-sized buys. Whether you’re a casual holder or a full-on DeFi degen, here’s everything you need to know from one of the most volatile weeks in recent memory.

🚨 1. Mantra (OM) Takes a Nosedive

The week kicked off with a major jolt as Mantra (OM) plummeted nearly 90% in just one day, blindsiding investors and triggering panic across social media. Binance quickly issued a statement blaming the crash on massive cross-exchange liquidations and a sudden increase in circulating token supply. Over $66 million in value was wiped out in a mere 12 hours.

Mantra CEO John Mullin denied insider sell-off rumors and pointed to on-chain analytics for transparency. Still, some large wallet movements before the crash have skeptics calling for a deeper investigation. It was a stark reminder of how fragile confidence in altcoins can be—especially in a market this fast-moving.

🚀 2. Pi Coin’s Comeback Sparks Buzz

On the flipside, Pi Network (PI) pulled off a stunning recovery, rallying 80% from its April lows to reach $0.7575. That move pushed it back into the top 30 altcoins by market cap, sparking a wave of FOMO.

Technical indicators like MACD crossover and rising RSI momentum suggested more upside ahead, with optimistic analysts targeting $1.77 as the next resistance. The PI community, known for its loyalty and grassroots vibe, celebrated the bounce as proof that this “people’s crypto” still has gas in the tank.

💰 3. Bitcoin Flirts With $100K

After a choppy start to April, Bitcoin (BTC) rebounded and consolidated near $85,000, fueled by a noticeable shift in sentiment. Over $1.2 billion in call options targeting the $100K mark were placed on Deribit, flipping the previously bearish options market.

Despite macro concerns like tariffs and geopolitical tension, Bitcoin’s on-chain data looked healthy. Liquidity was stabilizing, new wallets were popping up, and long-term holder conviction remained strong. Could six figures be next? The options market sure thinks so.

🏛️ 4. Trump’s Crypto Push Shakes Things Up

In Washington, crypto took center stage as President Donald Trump signed a bill overturning a controversial IRS rule that would’ve designated decentralized exchanges as brokers. This is seen as a massive win for DeFi protocols, which faced potential reporting burdens.

In true Trump fashion, the headline didn’t stop there. His family’s financial firm, World Liberty Financial, unveiled USD1, a dollar-pegged stablecoin that aims to rival USDC. While supporters hailed it as a step toward innovation, critics raised alarms about conflicts of interest and the disbandment of a DOJ crypto fraud unit. Regardless of where you stand, Trump’s involvement continues to shape the narrative.

🐋 5. Whales Load Up on Altcoins

Crypto whales made their presence known, scooping up large quantities of Dogecoin (DOGE), Worldcoin (WLD), and Ondo (ONDO). DOGE saw renewed attention thanks to meme revival campaigns, while ONDO gained traction with investors bullish on tokenized real-world assets.

The accumulation pattern suggests that despite short-term market jitters—especially those tied to ongoing U.S.-China tariff disputes—big players are betting on specific altcoins with real narratives or deep liquidity.

📉 6. Investment Product Outflows Continue

Not all the news was bullish. Crypto ETPs (Exchange-Traded Products) experienced $795 million in outflows this week alone. The biggest redemptions came from Bitcoin and Ethereum-focused products, with BlackRock’s ETFs hit particularly hard.

According to CoinShares, total outflows since February have reached $7.2 billion, nearly wiping out this year’s net inflows. Analysts say these movements are likely tied to risk-off sentiment due to macroeconomic concerns—but they caution against calling it a long-term trend just yet.

🇧🇹 7. Bhutan’s Bitcoin Play Pays Off

In a surprising twist, the tiny kingdom of Bhutan emerged as a breakout crypto case study. The government disclosed it had sold $100 million worth of Bitcoin to raise public worker salaries, fighting back against brain drain and currency issues.

Even after the sale, Bhutan’s holdings reportedly still exceed $600 million, making up nearly 30% of its GDP. Their strategic adoption of Bitcoin—mining it with hydropower and storing it as a reserve—has made Bhutan a silent crypto giant with one of the boldest national strategies yet.

🔚 Final Thoughts: Volatility, Vision, and the Road Ahead

This past week proved, once again, that crypto never takes a day off. Whether it was Mantra’s collapse, Pi’s redemption arc, or Bhutan’s sovereign Bitcoin strategy, the second week of April was anything but boring.

With policy, price, and adoption all intersecting in new ways, the crypto landscape is shifting faster than ever. For investors, traders, and onlookers alike—staying informed is half the battle.

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