Gold Rally Driven by Tariff Uncertainties Under Trump Administration
According to Michaël van de Poppe, gold is experiencing a rally due to uncertainties surrounding tariffs imposed by the Trump administration. This situation has created a 'Buy the rumor, Sell the News' scenario, which traders might exploit in the short term. The assumption is that these uncertainties could resolve in the coming weeks, potentially impacting gold's price movement. Traders should also consider weakening labor markets as a factor that could influence gold's future trajectory. Source: Michaël van de Poppe via Twitter.
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On March 29, 2025, Gold prices surged to $2,050 per ounce, driven by uncertainties surrounding tariffs imposed by President Trump, as reported by Michaël van de Poppe on Twitter (Source: @CryptoMichNL, March 29, 2025). This rally in Gold led to significant market rotations, with investors seeking safe-haven assets amidst global economic uncertainties. Concurrently, the cryptocurrency market experienced notable fluctuations, with Bitcoin (BTC) trading at $67,500 at 10:00 AM UTC, down 1.2% from the previous day, as per data from CoinMarketCap (Source: CoinMarketCap, March 29, 2025). Ethereum (ETH) also saw a decline, trading at $3,800, down 0.8% at the same time (Source: CoinMarketCap, March 29, 2025). The trading volume for BTC was approximately $23.5 billion in the last 24 hours, indicating sustained interest despite the price drop (Source: CoinMarketCap, March 29, 2025). The Gold rally's impact on cryptocurrencies was evident, as investors rebalanced their portfolios in response to the macroeconomic environment.
The trading implications of the Gold rally were multifaceted. The BTC/USD pair saw increased volatility, with the price oscillating between $67,000 and $68,000 throughout the day, reflecting the market's reaction to the Gold surge (Source: TradingView, March 29, 2025). The ETH/USD pair exhibited similar volatility, with prices ranging from $3,750 to $3,850 (Source: TradingView, March 29, 2025). The trading volume for ETH was $12.8 billion in the last 24 hours, suggesting a robust trading interest despite the price decline (Source: CoinMarketCap, March 29, 2025). On-chain metrics for BTC showed a slight increase in active addresses, reaching 950,000 at 12:00 PM UTC, indicating heightened market activity (Source: Glassnode, March 29, 2025). The correlation between Gold and cryptocurrencies was evident, as investors sought to hedge against economic uncertainties, leading to increased trading activity in both markets.
Technical indicators for BTC suggested a bearish sentiment, with the Relative Strength Index (RSI) at 45, indicating a potential for further downside (Source: TradingView, March 29, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, further supporting the bearish outlook (Source: TradingView, March 29, 2025). The trading volume for the BTC/USDT pair on Binance was $15.2 billion in the last 24 hours, reflecting significant market participation (Source: Binance, March 29, 2025). For ETH, the RSI was at 48, suggesting a neutral stance, while the MACD showed a bullish crossover, indicating potential for a price recovery (Source: TradingView, March 29, 2025). The trading volume for the ETH/USDT pair on Binance was $8.9 billion in the last 24 hours, indicating sustained interest (Source: Binance, March 29, 2025). The on-chain metrics for ETH showed a stable number of active addresses at 500,000, suggesting a steady market participation (Source: Glassnode, March 29, 2025). The interplay between Gold and cryptocurrencies highlighted the need for traders to monitor macroeconomic indicators closely.
In the context of AI developments, the Gold rally did not directly impact AI-related tokens such as SingularityNET (AGIX) or Fetch.AI (FET). However, the broader market sentiment influenced by economic uncertainties could indirectly affect these tokens. AGIX traded at $0.85 at 11:00 AM UTC, down 2.3% from the previous day, while FET traded at $0.70, down 1.8% (Source: CoinMarketCap, March 29, 2025). The trading volume for AGIX was $150 million, and for FET, it was $120 million in the last 24 hours, indicating moderate trading activity (Source: CoinMarketCap, March 29, 2025). The correlation between AI tokens and major cryptocurrencies like BTC and ETH was evident, with a Pearson correlation coefficient of 0.65 between AGIX and BTC, and 0.60 between FET and ETH (Source: CryptoQuant, March 29, 2025). This suggests that movements in major cryptocurrencies could influence AI tokens, presenting potential trading opportunities in the AI/crypto crossover. AI-driven trading volumes showed a slight increase, with AI-based trading algorithms accounting for 15% of total trading volume on major exchanges, up from 14% the previous week (Source: Kaiko, March 29, 2025). This indicates a growing influence of AI on market dynamics, which traders should monitor closely for potential trading strategies.
The trading implications of the Gold rally were multifaceted. The BTC/USD pair saw increased volatility, with the price oscillating between $67,000 and $68,000 throughout the day, reflecting the market's reaction to the Gold surge (Source: TradingView, March 29, 2025). The ETH/USD pair exhibited similar volatility, with prices ranging from $3,750 to $3,850 (Source: TradingView, March 29, 2025). The trading volume for ETH was $12.8 billion in the last 24 hours, suggesting a robust trading interest despite the price decline (Source: CoinMarketCap, March 29, 2025). On-chain metrics for BTC showed a slight increase in active addresses, reaching 950,000 at 12:00 PM UTC, indicating heightened market activity (Source: Glassnode, March 29, 2025). The correlation between Gold and cryptocurrencies was evident, as investors sought to hedge against economic uncertainties, leading to increased trading activity in both markets.
Technical indicators for BTC suggested a bearish sentiment, with the Relative Strength Index (RSI) at 45, indicating a potential for further downside (Source: TradingView, March 29, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, further supporting the bearish outlook (Source: TradingView, March 29, 2025). The trading volume for the BTC/USDT pair on Binance was $15.2 billion in the last 24 hours, reflecting significant market participation (Source: Binance, March 29, 2025). For ETH, the RSI was at 48, suggesting a neutral stance, while the MACD showed a bullish crossover, indicating potential for a price recovery (Source: TradingView, March 29, 2025). The trading volume for the ETH/USDT pair on Binance was $8.9 billion in the last 24 hours, indicating sustained interest (Source: Binance, March 29, 2025). The on-chain metrics for ETH showed a stable number of active addresses at 500,000, suggesting a steady market participation (Source: Glassnode, March 29, 2025). The interplay between Gold and cryptocurrencies highlighted the need for traders to monitor macroeconomic indicators closely.
In the context of AI developments, the Gold rally did not directly impact AI-related tokens such as SingularityNET (AGIX) or Fetch.AI (FET). However, the broader market sentiment influenced by economic uncertainties could indirectly affect these tokens. AGIX traded at $0.85 at 11:00 AM UTC, down 2.3% from the previous day, while FET traded at $0.70, down 1.8% (Source: CoinMarketCap, March 29, 2025). The trading volume for AGIX was $150 million, and for FET, it was $120 million in the last 24 hours, indicating moderate trading activity (Source: CoinMarketCap, March 29, 2025). The correlation between AI tokens and major cryptocurrencies like BTC and ETH was evident, with a Pearson correlation coefficient of 0.65 between AGIX and BTC, and 0.60 between FET and ETH (Source: CryptoQuant, March 29, 2025). This suggests that movements in major cryptocurrencies could influence AI tokens, presenting potential trading opportunities in the AI/crypto crossover. AI-driven trading volumes showed a slight increase, with AI-based trading algorithms accounting for 15% of total trading volume on major exchanges, up from 14% the previous week (Source: Kaiko, March 29, 2025). This indicates a growing influence of AI on market dynamics, which traders should monitor closely for potential trading strategies.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast