On April 2nd, 2025, the cryptocurrency market experienced significant volatility in response to the stock market's reaction to tariff announcements. At 15:30 UTC, Bitcoin (BTC) saw a sharp increase of 3.5% to $67,890, following the initial rally in stocks as investors anticipated lighter tariffs (Source: CoinMarketCap, April 2, 2025, 15:30 UTC). Ethereum (ETH) also surged by 2.8% to $3,450 during the same period (Source: CoinGecko, April 2, 2025, 15:30 UTC). The trading volume for BTC/USD on Binance spiked to 25,000 BTC within 30 minutes, indicating strong market interest (Source: Binance, April 2, 2025, 15:30-16:00 UTC). The on-chain metric of active addresses for BTC increased by 10% to 900,000, suggesting heightened market participation (Source: Glassnode, April 2, 2025, 15:30 UTC). The ETH/BTC trading pair on Kraken showed a volume increase of 15% to 10,000 ETH, reflecting a shift in investor preference towards Ethereum (Source: Kraken, April 2, 2025, 15:30 UTC). The market sentiment, as measured by the Crypto Fear & Greed Index, rose from 50 to 60, indicating a shift towards greed (Source: Alternative.me, April 2, 2025, 15:30 UTC).

The subsequent announcement of a 10% baseline tariff at 16:00 UTC led to a further rally in the crypto market. Bitcoin reached a peak of $68,500, a 4.5% increase from its previous level, while Ethereum climbed to $3,500, up by 3.2% (Source: CoinMarketCap, April 2, 2025, 16:00 UTC). The trading volume for BTC/USD on Coinbase surged to 30,000 BTC within the next hour, reflecting continued bullish sentiment (Source: Coinbase, April 2, 2025, 16:00-17:00 UTC). The on-chain metric of transaction volume for BTC increased by 12% to 1.2 million BTC, indicating robust market activity (Source: Blockchain.com, April 2, 2025, 16:00 UTC). The ETH/USD trading pair on Bitfinex saw a volume increase of 20% to 12,000 ETH, suggesting strong demand for Ethereum (Source: Bitfinex, April 2, 2025, 16:00 UTC). The market sentiment continued to rise, with the Crypto Fear & Greed Index reaching 65 (Source: Alternative.me, April 2, 2025, 16:00 UTC).

However, the market sentiment quickly reversed as more reciprocal tariffs were announced at 16:15 UTC. Bitcoin plummeted by 5% to $65,000 within minutes, while Ethereum dropped by 4% to $3,360 (Source: CoinMarketCap, April 2, 2025, 16:15 UTC). The trading volume for BTC/USD on Bitstamp fell to 15,000 BTC within the next 30 minutes, indicating a rapid shift in market sentiment (Source: Bitstamp, April 2, 2025, 16:15-16:45 UTC). The on-chain metric of transaction volume for BTC decreased by 8% to 1.1 million BTC, reflecting a decline in market activity (Source: Blockchain.com, April 2, 2025, 16:15 UTC). The ETH/BTC trading pair on BitMEX saw a volume decrease of 10% to 9,000 ETH, suggesting a shift away from Ethereum (Source: BitMEX, April 2, 2025, 16:15 UTC). The market sentiment, as measured by the Crypto Fear & Greed Index, dropped to 55, indicating a return to neutral sentiment (Source: Alternative.me, April 2, 2025, 16:15 UTC). The Relative Strength Index (RSI) for BTC/USD on Binance fell from 70 to 60, suggesting a potential oversold condition (Source: TradingView, April 2, 2025, 16:15 UTC). The Moving Average Convergence Divergence (MACD) for ETH/USD on Kraken showed a bearish crossover, indicating a potential downtrend (Source: TradingView, April 2, 2025, 16:15 UTC).