ACH Crypto Price

Token Crash: The $OM token of the MANTRA blockchain plummeted over 90% in just a few hours due to forced liquidations from a large investor, raising concerns about potential manipulation and a rug pull.

Community Response: MANTRA's co-founder and community leaders denied allegations of team selling and attributed the crash to external factors, while also facing scrutiny regarding their control over the token's circulating supply.

M2 Money Supply and Bitcoin Correlation: The M2 Money Supply is rising, which historically correlates with increases in Bitcoin prices; analysts predict Bitcoin may reach a new all-time high this quarter if this trend continues.

Potential Economic Ripple Effects: A rise in Bitcoin due to increased M2 supply could lead to unusual developments in other asset classes, including decreasing bond yields and falling gold prices, necessitating cautious monitoring of the situation.

Current SEI Trading Status: SEI is trading near its launch price, prompting mixed reactions from traders about potential buying opportunities or further declines. A significant unlock of 100.9 million tokens today has raised concerns and interest in the market.

Ecosystem Growth and Technical Analysis: The SEI network shows strong growth with a tenfold increase in Total Value Locked (TVL) and high daily active users. Technical analysis indicates that SEI's price is at a historical support level, suggesting potential stability and accumulation opportunities amidst rising institutional interest.

U.S. Government's Potential Bitcoin Acquisition: The U.S. government, through White House adviser Bo Hines, is considering using tariff revenues to strategically acquire Bitcoin, aiming for a budget-neutral approach that could enhance the nation's economic stability and technological leadership.

Implications for Cryptocurrency Policy: This potential strategy may legitimize Bitcoin as an asset class, influence market dynamics, and signal a broader shift in government policies towards cryptocurrencies, encouraging other nations to adopt similar approaches.