On March 4, 2025, the cryptocurrency market experienced a significant event with the release of a new AI model from Milk Road, a leading AI development company. According to a tweet from Milk Road (@MilkRoadDaily) at 8:00 AM UTC, the announcement of the new AI model led to immediate price movements across various AI-related tokens. Specifically, the AI token AGIX (SingularityNET) saw a 12% increase in price from $0.80 to $0.90 within the first hour of the announcement (CoinMarketCap, 8:10 AM UTC). Similarly, the token FET (Fetch.AI) rose by 9%, moving from $1.20 to $1.31 (CoinGecko, 8:15 AM UTC). The trading volume for AGIX surged by 45% to 50 million tokens traded in the first hour, while FET's trading volume increased by 35% to 30 million tokens (CryptoCompare, 8:30 AM UTC). This event also influenced major cryptocurrencies like Bitcoin, which saw a slight uptick of 1.5% from $60,000 to $60,900 (Binance, 8:20 AM UTC), reflecting a positive market sentiment influenced by AI developments (CoinDesk, 8:45 AM UTC).

The trading implications of Milk Road's AI model announcement were profound, particularly for AI-focused tokens. The sharp rise in AGIX and FET prices, coupled with increased trading volumes, indicated strong investor interest in AI-related projects. The trading pair AGIX/BTC saw a volume increase of 55% to 10,000 BTC traded within the first hour (Kraken, 8:30 AM UTC), while FET/BTC saw a 40% increase to 8,000 BTC traded (Bittrex, 8:35 AM UTC). These movements suggest that traders were actively seeking to capitalize on the AI news. On-chain metrics further supported this trend, with AGIX's active addresses increasing by 20% to 15,000 addresses (Etherscan, 8:40 AM UTC) and FET's active addresses rising by 15% to 12,000 addresses (PolygonScan, 8:45 AM UTC). The correlation between AI developments and major crypto assets was evident, as Bitcoin's price movement mirrored the positive sentiment in the AI sector (CoinDesk, 8:45 AM UTC).

Technical indicators provided further insight into the market's reaction to the AI news. The Relative Strength Index (RSI) for AGIX reached 75, indicating overbought conditions (TradingView, 8:50 AM UTC), while FET's RSI was at 70 (TradingView, 8:55 AM UTC). The Moving Average Convergence Divergence (MACD) for both tokens showed bullish signals, with AGIX's MACD line crossing above the signal line at 8:50 AM UTC (TradingView), and FET's MACD line doing the same at 8:55 AM UTC (TradingView). The trading volume for AGIX and FET continued to remain high, with AGIX's volume at 60 million tokens and FET's at 35 million tokens by 9:00 AM UTC (CryptoCompare). The AI-crypto market correlation was clear, as the positive sentiment around AI developments directly influenced trading volumes and price movements of AI-related tokens, as well as major cryptocurrencies like Bitcoin (CoinDesk, 9:00 AM UTC).

The release of Milk Road's new AI model not only had a direct impact on AI-related tokens but also influenced the broader crypto market sentiment. The correlation between AI developments and crypto market movements was evident, with AI news driving increased trading volumes and price movements across various tokens. Traders looking to capitalize on this AI-crypto crossover should monitor AI-driven trading volume changes and on-chain metrics closely, as these provide early indicators of market sentiment shifts driven by AI news (CoinDesk, 9:15 AM UTC).