Bitcoin Holds Above $85K While Altcoins Drop: Crypto News?

What Happened in Market Today: Why Is The Crypto Market Down Today

Global Crypto Market Stays Strong with Only Slight Decrease, Rising Tariff Basstige Fear

April 15, 2025 – Despite several disruptive events looming around global markets and economic uncertainties, the global crypto currency market today has managed to be down 0.05% on the previous day's $2.69 trillion total market capitalization.

With every passing day, tariff tensions escalate, and economic volatility rattles investor confidence. Digital assets remained staunch. With minor gains being registered in recent weeks, the ability of the market to keep afloat in challenging conditions has testified to the build-up of confidence amongst investors in Bitcoin (BTC) and other major tokens as potential hedges against macroeconomic risks.

AWS Dump Hurts CEXs, Freezes Withdrawals at Binance and KuCoin

Unexpected mayhem has been caused in the market by the April 15 major outage of Amazon's web hosting service, AWS. During this incident, at least 12 AWS services went afoul of operation, leading to a complete hold in operations in multiple centralized crypto exchanges (CEXs), including both Binance and KuCoin, where withdrawal operations were halted during the whole event.

The event rekindled fears regarding an over-reliance on centralized infrastructures within the crypto ecosystem and resulted in talks about more decentralization and redundancy in the operations of exchanges.

OM Token Crash Approximately 90% within 48 Hours, Drawing Similarities to LUNA's Downfall

Crypto investors were certainly been shocked when the Mantra (OM) token plunged more than 90% in merely a couple of days, like the infamous collapse of Terra LUNA in 2022. The crash caused about $6 billion in market value to disappear within less than half an hour, venting the fears of panic sellers while exposing vulnerabilities in DeFi protocols.

As of now, the cause of collapse for OM is unclear, and a detailed postmortem analysis is awaited from the team. This incident highlighted how volatile and speculative a small-cap crypto asset could be and emphasized the need for transparency and better investor safeguards in decentralized finance.

Fed Chair Powell, Retail Sales in Focus as Economic Data Looms

Investors, meanwhile, had their eyes trained on the macroeconomic data due out this week. Federal Reserve Chair Jerome Powell is scheduled to speak at 1:30 p.m. ET on Wednesday and provide insights into the U.S. economic outlook and the potential moves in the interest-rate trajectory due to inflation and trade uncertainty.

Further onto the radar is the March retail sales report, which is expected to be released at 8:30 a.m. Wednesday. Analysts expect a 1.2% increase, largely attributed to sales in automobiles. In general, this sample will show how much resistance consumers can muster against rising prices due to increasing pressure from tariffs.

Under Michael Saylor's Strategy, the Course Beefs by Another $285.5M

Michael Saylor's company rebukes all critiques by purchasing about 285.5 million dollars of Bitcoin to boost its holdings in more than 3,459 Bitcoin. This is taking place while the world's financial markets are under the strain of geopolitical events and central bank policy oscillations.

Saylor is firm in his opinion that BTC is a long-term inflation hedge and an asset worthy of sovereign consideration, which further strengthens his voice amongst decentralized money proponents as an alternative to the instability within the realm of traditional finance.

Upcoming Earnings and Macro Flow

Here comes a huge slate of earnings and economic events this week:

Tuesday:

- Earnings: Pre-market: Bank of America, Citigroup, Johnson & Johnson; post-market: United Airlines.

- 10 p.m. ET: China Q1 GDP, Retail sales, & Industrial output.

Wednesday:

- Earnings: Abbott Labs, ASML, U.S. Bancorp, CSX.

- Fed Chair Powell speaks at 1:30 p.m. ET.

- U.S. March retail sales report at 8:30 a.m. ET.

- Bank of Canada Rate Decision.

Thursday:

- Earnings: American Express, TSMC, Blackstone, UnitedHealth.

- Late earnings: Netflix.

- Housing starts data at 8:30 a.m. ET.

- ECB rate decision: 25 bps expected to be cut.

There again hangs the crypto market under regulatory restraints, infrastructural disruptions, and macroeconomic uncertainty; however, these struggles prove to unveil a sense of maturity and ability on the side for crypto investors. The market calendar is busy with central banks and businesses. Hence, all eyes are focused on identifying the next directional move.