The post OM Price Drops to $0.12 as Bitcoin Sell-Off and Fed Rate Hike Signals Pressure MANTRA appeared on BitcoinEthereumNews.com.

Iris Coleman
Oct 17, 2025 23:23

MANTRA (OM) trades at $0.12 following a 3.3% decline as Bitcoin’s drop below $110,000 and Federal Reserve hawkish signals weigh on cryptocurrency markets.

Quick Take • OM trading at $0.12 (down 3.3% in 24h) • Bitcoin’s fall below $110,000 triggering broader crypto sell-off • Federal Reserve signaling potential rate hikes pressuring risk assets • OM testing lower Bollinger Band support near $0.10 Market Events Driving MANTRA Price Movement The OM price has faced significant downward pressure over the past 48 hours, primarily driven by Bitcoin’s decline below the psychologically important $110,000 level. This cryptocurrency market leader’s weakness has created a cascading effect across altcoins, with MANTRA experiencing a 3.3% decline in the last 24 hours. Adding to the bearish sentiment, the Federal Reserve’s signals regarding potential interest rate increases to combat inflation have spooked investors across risk assets. The central bank’s hawkish stance has historically led to capital outflows from cryptocurrencies as investors seek safer, yield-bearing traditional assets. This macroeconomic headwind has overshadowed MANTRA’s recent positive development. Despite the broader market pressure, MANTRA did announce a strategic partnership with a major financial institution to enhance DeFi services earlier this week. However, this fundamental positive has been overwhelmed by the macro-driven sell-off affecting the entire cryptocurrency sector. OM Technical Analysis: Testing Lower Support Zone Price Action Context The OM price currently sits well below its key moving averages, with the token trading at $0.12 compared to its 20-day SMA of $0.15 and 50-day SMA of $0.18. This positioning indicates continued bearish momentum in the near term. MANTRA technical analysis shows the token is closely following Bitcoin’s price action, maintaining its historical correlation during market downturns. Trading volume on Binance spot market reached $9.6 million in the past…

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Filed under: News - @ October 18, 2025 11:27 pm