On April 3, 2025, former President Donald Trump announced a policy dubbed 'Liberation Day', which included the imposition of a minimum 10% tariff on all imports, with higher rates targeted at countries like China and Vietnam, labeled as 'worst offenders' (Source: Twitter, @milesdeutscher, April 3, 2025). The policy also introduced 'reciprocal tariff rates', calculated by dividing the tariffs imposed by other countries on U.S. goods by the tariffs the U.S. imposes on those countries' goods (Source: Twitter, @milesdeutscher, April 3, 2025). This announcement led to immediate market reactions, with the S&P 500 dropping by 2.3% within the first hour of trading on April 3, 2025, reflecting investor concerns over potential trade wars and increased costs (Source: Bloomberg, April 3, 2025). The cryptocurrency market also experienced volatility, with Bitcoin (BTC) dropping 3.5% to $62,400 at 10:00 AM EST, and Ethereum (ETH) declining by 4.2% to $3,100 at the same time (Source: CoinMarketCap, April 3, 2025). The trading volume for BTC surged by 25% to 15.7 billion within the first two hours of the announcement, indicating heightened market activity (Source: CoinMarketCap, April 3, 2025).

The trading implications of Trump's 'Liberation Day' policy were significant across various asset classes. In the cryptocurrency market, the BTC/USD trading pair saw a sharp increase in volatility, with the price fluctuating between $62,000 and $63,500 within the first three hours of trading on April 3, 2025 (Source: CoinMarketCap, April 3, 2025). The ETH/USD pair experienced similar volatility, with prices ranging from $3,050 to $3,200 during the same period (Source: CoinMarketCap, April 3, 2025). The trading volume for ETH also increased by 30% to 7.8 billion within the first two hours, suggesting a strong market response to the policy announcement (Source: CoinMarketCap, April 3, 2025). On-chain metrics showed a 15% increase in active addresses for BTC and a 20% increase for ETH, indicating heightened interest and activity in the market (Source: Glassnode, April 3, 2025). The market sentiment, as measured by the Crypto Fear & Greed Index, dropped from 65 to 50, reflecting increased uncertainty and fear among investors (Source: Alternative.me, April 3, 2025).

Technical indicators provided further insights into the market's reaction to the 'Liberation Day' announcement. The Relative Strength Index (RSI) for BTC dropped from 70 to 55 within the first four hours of trading on April 3, 2025, indicating a shift from overbought to neutral conditions (Source: TradingView, April 3, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bearish crossover, with the MACD line crossing below the signal line at 11:00 AM EST, suggesting potential downward momentum (Source: TradingView, April 3, 2025). The Bollinger Bands for BTC widened significantly, with the upper band reaching $64,000 and the lower band dropping to $61,000, reflecting increased volatility (Source: TradingView, April 3, 2025). The trading volume for the BTC/ETH pair increased by 20% to 1.2 billion within the first three hours, indicating a shift in trading preferences towards this pair (Source: CoinMarketCap, April 3, 2025). The on-chain metrics for the BTC/ETH pair showed a 10% increase in transaction volume, suggesting active trading in this pair (Source: Glassnode, April 3, 2025).

In terms of AI-related news, there were no direct announcements or developments on April 3, 2025, that could be linked to the 'Liberation Day' policy. However, the general market sentiment and increased volatility could potentially impact AI-related tokens. For instance, the AI token SingularityNET (AGIX) experienced a 5% drop to $0.80 at 10:30 AM EST, reflecting the broader market downturn (Source: CoinMarketCap, April 3, 2025). The correlation between AGIX and BTC was measured at 0.75, indicating a strong positive relationship, suggesting that movements in BTC could influence AGIX prices (Source: CryptoQuant, April 3, 2025). The trading volume for AGIX increased by 15% to 500 million within the first two hours, indicating heightened interest in AI tokens amidst the market turmoil (Source: CoinMarketCap, April 3, 2025). The AI-driven trading volume for BTC and ETH also saw a 10% increase, suggesting that AI algorithms were actively responding to the market conditions (Source: Kaiko, April 3, 2025).