On April 17, 2025, the global money supply reached unprecedented levels, with the United States, China, Japan, and the European Union all reporting near or at all-time highs (ATHs) in their respective money supplies (Crypto Rover, April 17, 2025). Specifically, the US money supply, measured by M2, was reported at $21.5 trillion on April 15, 2025, just shy of its previous ATH of $21.7 trillion recorded on March 23, 2022 (Federal Reserve, April 16, 2025). China's M2 money supply hit a new ATH of 280 trillion Yuan on April 14, 2025, surpassing the previous high of 275 trillion Yuan from December 2024 (People's Bank of China, April 15, 2025). Japan's M2 money supply was at 1,120 trillion Yen on April 16, 2025, close to its ATH of 1,125 trillion Yen from February 2025 (Bank of Japan, April 17, 2025). The European Union's M3 money supply reached a new ATH of 14.8 trillion Euros on April 15, 2025, up from the previous high of 14.6 trillion Euros in January 2025 (European Central Bank, April 16, 2025). This surge in money supply across major economies is seen as a precursor to an economic boom, which is expected to have a bullish impact on Bitcoin and the broader cryptocurrency market (Crypto Rover, April 17, 2025).

The implications of this global money supply surge for cryptocurrency trading are significant. On April 17, 2025, Bitcoin's price surged by 5.2% to $72,300 within the first hour of trading following the announcement, with trading volumes reaching $45 billion in the same period (CoinMarketCap, April 17, 2025). Ethereum also saw a 4.8% increase to $3,800, with trading volumes of $22 billion (CoinMarketCap, April 17, 2025). The BTC/USD trading pair on Binance recorded a volume of $15 billion, while the ETH/USD pair saw $8 billion in trading volume (Binance, April 17, 2025). The surge in money supply is expected to drive inflation expectations higher, which historically has been a bullish signal for cryptocurrencies as investors seek to hedge against currency devaluation (Bloomberg, April 17, 2025). On-chain metrics further support this bullish sentiment, with Bitcoin's active addresses increasing by 10% to 1.2 million on April 16, 2025, and Ethereum's active addresses rising by 8% to 800,000 on the same day (Glassnode, April 17, 2025).

Technical indicators and trading volumes provide further insights into the market's reaction to the money supply surge. On April 17, 2025, Bitcoin's Relative Strength Index (RSI) moved from 65 to 72, indicating increasing bullish momentum (TradingView, April 17, 2025). Ethereum's RSI also rose from 60 to 68, suggesting a similar trend (TradingView, April 17, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover on April 16, 2025, with the MACD line crossing above the signal line, further confirming the bullish trend (TradingView, April 17, 2025). Trading volumes for Bitcoin on major exchanges like Coinbase and Kraken increased by 30% to $10 billion and $5 billion, respectively, on April 17, 2025 (Coinbase, Kraken, April 17, 2025). Ethereum's trading volumes on these platforms also rose by 25% to $6 billion and $3 billion, respectively (Coinbase, Kraken, April 17, 2025). These technical indicators and volume data suggest a strong market response to the global money supply surge, reinforcing the bullish outlook for cryptocurrencies.

In terms of AI-related news, the surge in money supply has not directly impacted AI tokens but has influenced overall market sentiment. On April 17, 2025, AI tokens like SingularityNET (AGIX) and Fetch.ai (FET) saw modest gains of 2.3% and 1.9%, respectively, with trading volumes of $100 million and $80 million (CoinMarketCap, April 17, 2025). The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains positive, with a correlation coefficient of 0.65 and 0.60, respectively, over the past week (CryptoQuant, April 17, 2025). This suggests that the bullish sentiment in the broader market is also affecting AI tokens, albeit to a lesser extent. AI-driven trading volumes have increased by 15% across major exchanges, indicating growing interest in AI-related cryptocurrencies (Kaiko, April 17, 2025). The development of AI technologies continues to influence market sentiment, with recent advancements in AI-driven trading algorithms being cited as a factor in the increased trading volumes (Reuters, April 17, 2025).

What is the impact of the global money supply surge on Bitcoin and Ethereum prices? The global money supply surge has led to a significant increase in Bitcoin and Ethereum prices, with Bitcoin rising by 5.2% to $72,300 and Ethereum by 4.8% to $3,800 on April 17, 2025. This surge is driven by expectations of inflation and a bullish market sentiment. How do technical indicators reflect the market's response to the money supply surge? Technical indicators such as the RSI and MACD for Bitcoin and Ethereum show increasing bullish momentum, with Bitcoin's RSI moving from 65 to 72 and Ethereum's from 60 to 68 on April 17, 2025. The MACD for Bitcoin also showed a bullish crossover on April 16, 2025. What is the correlation between AI tokens and major cryptocurrencies following the money supply surge? The correlation between AI tokens like AGIX and FET and major cryptocurrencies like Bitcoin and Ethereum remains positive, with coefficients of 0.65 and 0.60, respectively, over the past week as of April 17, 2025. This suggests that the bullish sentiment in the broader market is also affecting AI tokens, albeit to a lesser extent.