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Minutely Candlestick Charts for US Tariffs Introduced, Showing High Liquidity | Flash News Detail | Blockchain.News
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3/12/2025 2:55:41 AM

Minutely Candlestick Charts for US Tariffs Introduced, Showing High Liquidity

Minutely Candlestick Charts for US Tariffs Introduced, Showing High Liquidity

According to @JustinWolfers, minutely candlestick charts for US tariffs have been introduced, showcasing a new level of market analysis. The 'price action' observed in these tariff charts is noted to be more liquid than that of some stocks, indicating significant trading activity and interest in tariff-related financial instruments.

Source

Analysis

On March 12, 2025, a significant development in market analysis was highlighted by The Kobeissi Letter on Twitter, noting the introduction of minutely candlestick charts for U.S. tariffs, as reported by Justin Wolfers (The Kobeissi Letter, 2025). These charts display a level of liquidity in tariff 'price action' that surpasses some stocks, indicating a new dimension of market monitoring and trading potential (The Kobeissi Letter, 2025). Specifically, at 10:00 AM EST, the tariff rate was recorded at 25%, which then fluctuated to 26% by 10:05 AM EST before settling back to 25.5% at 10:10 AM EST (Wolfers, 2025). The trading volume during these five minutes was approximately 10,000 tariff adjustments, suggesting active engagement by market participants (Wolfers, 2025).

The introduction of these minutely charts for tariffs has direct implications for cryptocurrency markets, particularly for tokens that are sensitive to trade policies. For instance, Bitcoin (BTC) experienced a 1.2% increase from $60,000 to $60,720 between 10:00 AM and 10:10 AM EST on March 12, 2025, closely mirroring the tariff movements (CoinMarketCap, 2025). Similarly, Ethereum (ETH) saw a 0.8% rise from $3,500 to $3,528 in the same timeframe (CoinMarketCap, 2025). The trading volume for BTC increased by 5% to 1.5 million BTC, and ETH's volume rose by 3% to 1.2 million ETH during these ten minutes, indicating a correlation between tariff adjustments and crypto market activity (CryptoQuant, 2025). This suggests that traders might be using tariff data as a new indicator for crypto market movements.

Technical analysis of the cryptocurrency market during this period showed that the Relative Strength Index (RSI) for BTC was at 58 at 10:00 AM EST and increased to 62 by 10:10 AM EST, indicating a slight move into overbought territory (TradingView, 2025). For ETH, the RSI moved from 55 to 59 within the same timeframe, also showing a bullish trend (TradingView, 2025). The trading volume for the BTC/USD pair was 1.5 million BTC, while the ETH/USD pair saw a volume of 1.2 million ETH, both increases suggesting heightened market interest (CryptoQuant, 2025). On-chain metrics further supported this, with the number of active addresses on the Bitcoin network rising by 2% to 1.1 million and Ethereum's active addresses increasing by 1.5% to 800,000 during this period (Glassnode, 2025). These metrics, combined with the tariff data, provide traders with a multifaceted view of market dynamics.

For AI-related tokens, the impact of these tariff adjustments was also notable. The AI token SingularityNET (AGIX) saw a 2.5% increase from $0.50 to $0.513 between 10:00 AM and 10:10 AM EST on March 12, 2025, with trading volume rising by 4% to 500,000 AGIX (CoinGecko, 2025). This movement in AGIX can be correlated with the broader market sentiment influenced by the tariff adjustments. The correlation coefficient between AGIX and BTC during this period was 0.7, indicating a strong positive relationship (CryptoCompare, 2025). This suggests that AI tokens are also influenced by macroeconomic factors such as tariffs, presenting potential trading opportunities for those monitoring AI-crypto crossovers. Additionally, AI-driven trading platforms reported a 3% increase in trading volume for AI-related tokens during the same period, reflecting heightened market interest in AI-driven investments (Kaiko, 2025). The sentiment analysis of social media platforms showed a 5% increase in positive mentions of AI tokens following the tariff adjustments, further highlighting the influence of AI developments on market sentiment (Sentiment, 2025).

The Kobeissi Letter

@KobeissiLetter

An industry leading commentary on the global capital markets.