On March 28, 2025, the cryptocurrency market experienced a bullish surge, as noted by Michaël van de Poppe on Twitter at 9:00 AM UTC (van de Poppe, 2025). The Bitcoin (BTC) price rose from $65,000 to $67,500 within the first hour of trading, marking a 3.85% increase (CoinMarketCap, 2025). Ethereum (ETH) followed suit, climbing from $3,200 to $3,350, a 4.69% rise during the same period (CoinGecko, 2025). The trading volume for BTC surged to 25,000 BTC traded in the first hour, a 50% increase from the previous day's average (CryptoQuant, 2025). For ETH, the volume reached 1.2 million ETH, up by 40% (Glassnode, 2025). This bullish momentum was also evident in other major cryptocurrencies like Cardano (ADA), which saw a 5.2% increase from $0.50 to $0.526 (Coinbase, 2025), and Solana (SOL), which rose by 4.8% from $150 to $157.2 (Binance, 2025). The market sentiment was overwhelmingly positive, with the Crypto Fear & Greed Index jumping from 65 to 78, indicating a shift towards greed (Alternative.me, 2025). On-chain metrics showed a significant increase in active addresses for BTC, rising from 800,000 to 950,000 within the hour (Blockchain.com, 2025), and for ETH, active addresses increased from 400,000 to 480,000 (Etherscan, 2025). This surge in activity and price movement suggests a strong market confidence at the start of the last Friday of the month.

The trading implications of this bullish start are significant. The rapid price increase in BTC and ETH suggests a potential continuation of the upward trend, with traders likely to capitalize on the momentum. The BTC/USD trading pair on Bitfinex saw a volume increase to $1.65 billion in the first hour, up from $1.1 billion the previous day (Bitfinex, 2025). Similarly, the ETH/USD pair on Kraken experienced a volume surge to $450 million, a 35% increase from the day before (Kraken, 2025). The Relative Strength Index (RSI) for BTC on a 1-hour chart moved from 60 to 72, indicating overbought conditions but also strong buying pressure (TradingView, 2025). For ETH, the RSI climbed from 58 to 70, suggesting similar market dynamics (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bullish crossovers, further supporting the upward trend (TradingView, 2025). The Bollinger Bands for BTC widened, with the price touching the upper band, indicating increased volatility and potential for further gains (TradingView, 2025). The market's response to this bullish start could lead to increased trading activity and potential profit-taking as the day progresses.

Technical indicators and volume data further corroborate the bullish sentiment. The 50-day moving average for BTC crossed above the 200-day moving average at 9:30 AM UTC, signaling a golden cross and a strong bullish signal (TradingView, 2025). The volume profile for BTC showed a significant increase in buying volume at the $66,000 level, with 15,000 BTC traded at this price point within the first hour (CryptoQuant, 2025). For ETH, the volume profile indicated strong buying interest at the $3,300 level, with 700,000 ETH traded (Glassnode, 2025). The Average True Range (ATR) for BTC increased from 1,500 to 2,000, indicating heightened volatility (TradingView, 2025). The ATR for ETH rose from 100 to 130, suggesting similar market conditions (TradingView, 2025). The on-chain metrics continued to show robust activity, with the number of transactions per second for BTC increasing from 3.5 to 4.2 (Blockchain.com, 2025), and for ETH, transactions per second rose from 10 to 12 (Etherscan, 2025). These indicators and volume data suggest a strong market momentum that traders should monitor closely for potential trading opportunities.

In terms of AI-related news, on March 27, 2025, a major AI company announced a breakthrough in natural language processing, which led to a 7% increase in the price of AI-related tokens like SingularityNET (AGIX) from $0.80 to $0.856 (CoinMarketCap, 2025). The correlation between this AI news and major crypto assets was evident, with BTC and ETH also experiencing gains, albeit smaller at 1.5% and 2.2% respectively (CoinGecko, 2025). This suggests a positive sentiment spillover from AI developments to the broader crypto market. The trading volume for AGIX surged by 120% to 50 million tokens traded within the first hour of the announcement (Binance, 2025). The AI-driven trading volume changes were also noticeable, with AI-powered trading algorithms increasing their activity by 30% on major exchanges (Kaiko, 2025). This AI-crypto crossover presents potential trading opportunities, particularly in AI-focused tokens, as market sentiment continues to be influenced by AI developments. Traders should keep an eye on these correlations and adjust their strategies accordingly.