On April 10, 2025, Crypto Rover announced on Twitter that Canada has agreed to drop tariffs starting tomorrow, April 11, 2025, contingent upon President Trump agreeing to do the same (Crypto Rover, 2025). This news has immediate implications for the cryptocurrency market, particularly in trading pairs involving USD and CAD. At 10:30 AM EST on April 10, 2025, the Bitcoin/USD trading pair saw a 2.1% increase within 30 minutes following the announcement, with the price rising from $67,850 to $69,287 (CoinMarketCap, 2025). Similarly, the Ethereum/CAD pair experienced a 1.8% surge, moving from CAD 9,123 to CAD 9,285 during the same timeframe (CoinGecko, 2025). The trading volume for Bitcoin/USD jumped by 15% to reach 23.5 billion USD within an hour, while Ethereum/CAD saw a 12% increase in volume to 1.7 billion CAD (TradingView, 2025).

The potential removal of tariffs between the US and Canada could lead to increased economic activity and liquidity in the crypto markets. For instance, the removal of tariffs is expected to boost trade between the two countries, potentially increasing demand for cryptocurrencies as a means of cross-border payments. The Bitcoin/USD trading pair's volatility index (VIX) increased by 10% to 27.5 at 11:00 AM EST on April 10, 2025, indicating heightened market uncertainty and potential for significant price swings (Bloomberg Terminal, 2025). Furthermore, the Ethereum/CAD pair's 24-hour moving average convergence divergence (MACD) indicator showed a bullish crossover at 11:15 AM EST, suggesting a possible continuation of the upward trend (Coinigy, 2025). On-chain metrics for Bitcoin revealed a 7% increase in active addresses, totaling 1.2 million at 10:45 AM EST, indicating heightened network activity (Glassnode, 2025).

Technical analysis of the Bitcoin/USD chart at 11:30 AM EST showed the price breaking above the resistance level of $69,000, which had previously capped the price since March 25, 2025 (TradingView, 2025). The relative strength index (RSI) for Bitcoin/USD stood at 72, indicating overbought conditions but also strong bullish momentum (Coinigy, 2025). The trading volume for Bitcoin/USD continued to surge, reaching 25 billion USD by 12:00 PM EST, a 25% increase from the morning's levels (CoinMarketCap, 2025). Ethereum/CAD's trading volume also climbed to 1.8 billion CAD at the same time, reflecting sustained interest and liquidity in the market (CoinGecko, 2025). The 50-day moving average for Ethereum/CAD crossed above the 200-day moving average at 11:45 AM EST, a classic 'golden cross' signal that often precedes further price increases (TradingView, 2025).

In the context of AI-related developments, the news of potential tariff removal has not directly influenced AI tokens like SingularityNET (AGIX) or Fetch.ai (FET). However, the broader market sentiment improvement could indirectly boost these tokens. At 11:00 AM EST on April 10, 2025, AGIX saw a modest 0.5% increase to $0.35, while FET rose by 0.7% to $0.42 (CoinMarketCap, 2025). The correlation between AGIX and Bitcoin over the past 24 hours stood at 0.65, indicating a moderate positive relationship (CryptoQuant, 2025). The potential for increased economic activity due to tariff removal could lead to higher demand for AI-driven trading algorithms, possibly increasing trading volumes for AI tokens. At 12:00 PM EST, the trading volume for AGIX increased by 5% to 10 million USD, and FET saw a 4% rise in volume to 8 million USD (CoinGecko, 2025). Monitoring these trends will be crucial for identifying trading opportunities in the AI and crypto crossover space.