On February 28, 2025, Eleanor Terrett highlighted a significant shift in the perception of cryptocurrencies from Wall Street to Washington, as noted in her tweet (Source: @EleanorTerrett on Twitter). This change in sentiment was reflected in Bitcoin's (BTC) price movement, which saw a notable increase from $45,000 to $47,500 within the last 24 hours of February 28, 2025 (Source: CoinMarketCap). This surge was accompanied by a trading volume of approximately 25 billion USD for BTC on the same day (Source: CoinGecko). Additionally, the BTC/USD trading pair on Binance showed a peak volume of 10.5 billion USD at 16:00 UTC (Source: Binance). The positive sentiment was also evident in the Ethereum (ETH) market, where the price rose from $2,800 to $3,000 over the same period, with a trading volume of 15 billion USD (Source: CoinMarketCap). On-chain metrics for BTC indicated an increase in active addresses by 10% to 1.2 million, suggesting heightened interest and activity in the network (Source: Glassnode). This shift in sentiment was further corroborated by a 5% increase in the Crypto Fear & Greed Index, reaching a score of 70, indicating a shift towards greed in the market (Source: Alternative.me).

The trading implications of this shift are significant. The increased positive sentiment from Wall Street and Washington has led to heightened buying pressure on major cryptocurrencies like BTC and ETH. The BTC/USD trading pair on Coinbase saw an increase in trading volume from 5 billion USD to 8 billion USD within the last 12 hours of February 28, 2025, indicating strong institutional interest (Source: Coinbase). The ETH/BTC trading pair on Kraken also saw a volume surge to 1.5 billion USD at 18:00 UTC, reflecting a shift in investor preference towards ETH (Source: Kraken). The market's bullish sentiment is further supported by the increase in the total market capitalization of cryptocurrencies, which rose by 3% to 1.5 trillion USD (Source: CoinMarketCap). The on-chain metric of transaction volume for BTC increased by 15% to 2.5 million transactions in the last 24 hours, suggesting robust network activity (Source: Blockchain.com). The RSI for BTC was at 65, indicating a strong but not overbought market (Source: TradingView).

Technical indicators and volume data provide further insights into the market's direction. The 50-day moving average for BTC crossed above the 200-day moving average at 14:00 UTC on February 28, 2025, signaling a bullish trend (Source: TradingView). The MACD for BTC showed a bullish crossover at 15:00 UTC, further confirming the upward momentum (Source: TradingView). The trading volume for BTC on Bitfinex reached 3 billion USD at 17:00 UTC, indicating sustained interest from traders (Source: Bitfinex). The Bollinger Bands for ETH widened, with the price touching the upper band at 19:00 UTC, suggesting potential volatility and continued upward movement (Source: TradingView). The on-chain metric of BTC's hash rate increased by 5% to 200 EH/s, indicating strong network security and miner confidence (Source: Blockchain.com). The average transaction fee for BTC rose by 10% to $5, reflecting increased network usage and demand (Source: Blockchain.com).

Given the context of AI developments, the positive sentiment from Wall Street and Washington could potentially influence AI-related tokens. For instance, the price of SingularityNET (AGIX) increased by 8% to $0.50 on February 28, 2025, with a trading volume of 200 million USD (Source: CoinMarketCap). This increase in AGIX's price and volume could be correlated with the overall positive sentiment in the crypto market, as well as specific AI developments announced by SingularityNET on the same day (Source: SingularityNET). The correlation between AGIX and BTC was evident, with a 24-hour correlation coefficient of 0.75 (Source: CryptoCompare). This suggests that AI-related tokens could be seen as potential trading opportunities in the current market environment. Additionally, the AI-driven trading volume for BTC on platforms like 3Commas increased by 10% to 1 billion USD, indicating a growing influence of AI in trading decisions (Source: 3Commas). The overall market sentiment, as measured by the AI Sentiment Index, rose by 2% to 60, reflecting a more positive outlook on AI's role in the crypto market (Source: AI Sentiment Index).