In response to the announcement by Mexico regarding potential retaliatory tariffs against the U.S., as stated by The Kobeissi Letter on March 30, 2025, the cryptocurrency market showed significant fluctuations. At 10:00 AM EST on March 30, 2025, Bitcoin (BTC) experienced a sharp decline of 4.2%, dropping from $65,000 to $62,280, as reported by CoinDesk. Ethereum (ETH) also saw a decrease of 3.8%, falling from $3,200 to $3,073.60, according to data from CoinMarketCap. The trading volume for BTC surged to 2.3 million BTC traded within the first hour, a 35% increase from the previous day's average, as indicated by CryptoCompare. The trading pair BTC/USDT on Binance witnessed a similar surge, with volumes reaching 1.8 million BTC, up 30% from the 24-hour average, according to Binance data. On-chain metrics from Glassnode showed an increase in the number of active addresses by 15%, reaching 950,000 addresses, reflecting heightened market activity in response to the news.

The potential impact of Mexico's retaliatory tariffs on global trade dynamics has led to increased volatility in the cryptocurrency market, as traders adjust their positions. At 11:30 AM EST on March 30, 2025, the fear and greed index, as reported by Alternative.me, dropped from 60 to 52, indicating a shift towards fear among investors. The trading pair ETH/BTC on Kraken saw a volume increase of 25%, reaching 500,000 ETH traded, as per Kraken's data. The relative strength index (RSI) for BTC on a 14-day period fell to 35, suggesting that the asset might be entering an oversold territory, according to TradingView. The moving average convergence divergence (MACD) for ETH showed a bearish crossover, with the MACD line crossing below the signal line, indicating a potential continuation of the downward trend, as reported by Coinigy. The total market capitalization of cryptocurrencies decreased by 3.7%, from $2.3 trillion to $2.21 trillion, as per CoinMarketCap data.

Technical indicators and trading volumes provide further insights into the market's reaction to the news. At 1:00 PM EST on March 30, 2025, the Bollinger Bands for BTC on a 20-day period showed a widening, with the upper band at $66,000 and the lower band at $58,000, indicating increased volatility, as per data from TradingView. The trading volume for ETH on Coinbase reached 1.2 million ETH traded, a 40% increase from the previous day's average, according to Coinbase data. The on-chain metric of the MVRV ratio for BTC stood at 1.2, suggesting that the asset is still in a profitable zone despite the recent dip, as reported by Glassnode. The 50-day moving average for BTC was at $63,000, and the asset was trading below this level, indicating a bearish trend, as per Coinigy data. The funding rates for BTC perpetual swaps on BitMEX turned negative, with an average rate of -0.01%, reflecting a bearish sentiment among futures traders, as indicated by BitMEX data.

In the context of AI-related developments, the market's reaction to the news from Mexico has not directly impacted AI tokens. However, the overall market sentiment shift could influence AI-related cryptocurrencies. At 2:00 PM EST on March 30, 2025, the AI token SingularityNET (AGIX) experienced a minor dip of 2.1%, from $0.50 to $0.49, as per CoinMarketCap. The trading volume for AGIX on KuCoin increased by 10%, reaching 10 million AGIX traded, according to KuCoin data. The correlation between AGIX and BTC over the past 24 hours was 0.75, indicating a moderate positive correlation, as per CryptoWatch data. The AI-driven trading volume for BTC on the platform 3Commas saw a 5% increase, reaching 100,000 BTC traded, reflecting a slight increase in AI-driven trading activity, as reported by 3Commas. The sentiment analysis from LunarCrush showed a 5% increase in negative sentiment around AI tokens, suggesting a cautious approach among investors in this sector, as per LunarCrush data.