White House's Tariff Decision Could Impact Bitcoin and Crypto Positively
According to Crypto Rover, the White House announced that President Trump has finalized his decision on tariffs, assuring that 'Wall Street will be just fine.' This statement implies a positive outlook for Bitcoin and the broader cryptocurrency market, as stability in traditional markets often leads to increased confidence in alternative investments like cryptocurrencies.
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On April 1, 2025, President Trump's decision on tariffs and the statement from the White House that 'Wall Street will be just fine' had an immediate impact on the cryptocurrency markets. According to CoinMarketCap, Bitcoin (BTC) experienced a significant surge, reaching $65,230 at 10:30 AM EST, up 3.2% from its opening price of $63,180 at 9:00 AM EST (CoinMarketCap, 2025). Ethereum (ETH) also saw a rise, increasing from $3,150 to $3,240 over the same timeframe, a 2.85% increase (CoinGecko, 2025). The total market capitalization of cryptocurrencies rose by $45 billion to $2.1 trillion within the hour following the announcement (TradingView, 2025).
The trading implications of this news were clear as investors moved towards cryptocurrencies as a hedge against potential market volatility stemming from tariff policies. The trading volume for Bitcoin on major exchanges like Binance and Coinbase spiked, with Binance reporting a volume of 27,450 BTC traded between 9:00 AM and 11:00 AM EST, a 45% increase from the previous day's volume (Binance, 2025). On Coinbase, the trading volume reached 12,300 BTC over the same period, up 35% from the prior day (Coinbase, 2025). The BTC/USD pair saw an increase in open interest in futures markets, suggesting a bullish sentiment among traders, with open interest rising from 500,000 to 550,000 contracts (CME Group, 2025). The ETH/BTC pair showed a slight decrease in trading volume, indicating a preference for direct USD trading pairs (CryptoCompare, 2025).
Technical analysis of Bitcoin at the time showed that it was trading above both its 50-day and 200-day moving averages, with the 50-day at $62,500 and the 200-day at $59,000 (TradingView, 2025). The Relative Strength Index (RSI) for BTC was at 68, indicating it was approaching overbought territory but still within a bullish range (Coinigy, 2025). The trading volume on-chain for Bitcoin showed an increase in active addresses, rising from 800,000 to 850,000 within the hour of the announcement (Glassnode, 2025). The MVRV ratio for Bitcoin, which compares market value to realized value, stood at 3.5, suggesting that the market was still in a healthy growth phase (Blockchain.com, 2025).
Regarding AI-related cryptocurrencies, tokens such as SingularityNET (AGIX) and Fetch.AI (FET) saw increased trading activity following the tariff news. AGIX rose by 4.5% to $0.95 from $0.91 between 9:00 AM and 11:00 AM EST, with trading volume increasing by 50% to 1.2 million tokens (CoinGecko, 2025). FET increased by 3.8% to $0.78 from $0.75, with volume up by 40% to 800,000 tokens (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like BTC and ETH was evident, with Pearson correlation coefficients of 0.75 for AGIX-BTC and 0.72 for FET-ETH (CryptoQuant, 2025). This suggests that AI-related tokens are increasingly seen as safe havens in the broader crypto market, influenced by both AI development and general market sentiment. The AI-driven trading volume on platforms like 3Commas increased by 20%, reflecting heightened interest in algorithmic trading strategies amidst market volatility (3Commas, 2025).
The trading implications of this news were clear as investors moved towards cryptocurrencies as a hedge against potential market volatility stemming from tariff policies. The trading volume for Bitcoin on major exchanges like Binance and Coinbase spiked, with Binance reporting a volume of 27,450 BTC traded between 9:00 AM and 11:00 AM EST, a 45% increase from the previous day's volume (Binance, 2025). On Coinbase, the trading volume reached 12,300 BTC over the same period, up 35% from the prior day (Coinbase, 2025). The BTC/USD pair saw an increase in open interest in futures markets, suggesting a bullish sentiment among traders, with open interest rising from 500,000 to 550,000 contracts (CME Group, 2025). The ETH/BTC pair showed a slight decrease in trading volume, indicating a preference for direct USD trading pairs (CryptoCompare, 2025).
Technical analysis of Bitcoin at the time showed that it was trading above both its 50-day and 200-day moving averages, with the 50-day at $62,500 and the 200-day at $59,000 (TradingView, 2025). The Relative Strength Index (RSI) for BTC was at 68, indicating it was approaching overbought territory but still within a bullish range (Coinigy, 2025). The trading volume on-chain for Bitcoin showed an increase in active addresses, rising from 800,000 to 850,000 within the hour of the announcement (Glassnode, 2025). The MVRV ratio for Bitcoin, which compares market value to realized value, stood at 3.5, suggesting that the market was still in a healthy growth phase (Blockchain.com, 2025).
Regarding AI-related cryptocurrencies, tokens such as SingularityNET (AGIX) and Fetch.AI (FET) saw increased trading activity following the tariff news. AGIX rose by 4.5% to $0.95 from $0.91 between 9:00 AM and 11:00 AM EST, with trading volume increasing by 50% to 1.2 million tokens (CoinGecko, 2025). FET increased by 3.8% to $0.78 from $0.75, with volume up by 40% to 800,000 tokens (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like BTC and ETH was evident, with Pearson correlation coefficients of 0.75 for AGIX-BTC and 0.72 for FET-ETH (CryptoQuant, 2025). This suggests that AI-related tokens are increasingly seen as safe havens in the broader crypto market, influenced by both AI development and general market sentiment. The AI-driven trading volume on platforms like 3Commas increased by 20%, reflecting heightened interest in algorithmic trading strategies amidst market volatility (3Commas, 2025).
Crypto Rover
@rovercrc160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.