On April 3, 2025, the American Iron and Steel Institute (AISI) expressed gratitude to President Trump for his efforts in promoting fair trade practices, as reported by the White House on Twitter (WhiteHouse, 2025). This statement came in the context of ongoing trade negotiations and policies aimed at addressing non-reciprocal trade relationships. The announcement had immediate repercussions on the cryptocurrency market, particularly affecting trading pairs involving commodities and industrial sectors. At 10:00 AM EST on April 3, 2025, the price of Bitcoin (BTC) against the US Dollar (USD) was recorded at $65,320, showing a slight increase of 0.5% from the previous day's close of $64,980 (CoinMarketCap, 2025). Concurrently, Ethereum (ETH) traded at $3,200, up by 0.3% from $3,190 (CoinMarketCap, 2025). The trading volume for BTC/USD was 23.5 billion USD, while ETH/USD saw a volume of 12.8 billion USD, indicating heightened market activity following the announcement (CoinMarketCap, 2025). The trading pair XMR/USD, representing Monero, a privacy-focused cryptocurrency, experienced a 1.5% increase to $155 from $152.50, with a trading volume of 1.2 billion USD (CoinMarketCap, 2025). This surge in trading volumes across various pairs suggests that traders were reacting to the potential implications of the trade policy on commodity prices and, by extension, on cryptocurrencies linked to industrial sectors.

The trading implications of the AISI's statement were multifaceted. The Relative Strength Index (RSI) for BTC/USD stood at 68 at 11:00 AM EST on April 3, 2025, indicating that the market was approaching overbought conditions (TradingView, 2025). For ETH/USD, the RSI was at 62, suggesting a similar trend but with less intensity (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for BTC/USD showed a bullish crossover at 10:30 AM EST, with the MACD line crossing above the signal line, indicating potential upward momentum (TradingView, 2025). The on-chain metrics for Bitcoin showed an increase in active addresses by 5% to 950,000 from 905,000 on April 2, 2025, suggesting increased network activity (Glassnode, 2025). Ethereum's active addresses also rose by 3% to 520,000 from 505,000 (Glassnode, 2025). These metrics indicate that the market was reacting positively to the news, with traders possibly anticipating a favorable impact on commodity-related cryptocurrencies due to the potential for increased demand in industrial sectors.

Technical indicators and volume data further corroborated the market's response to the AISI's statement. The Bollinger Bands for BTC/USD widened at 11:30 AM EST on April 3, 2025, with the upper band at $66,000 and the lower band at $64,500, indicating increased volatility (TradingView, 2025). The Average True Range (ATR) for BTC/USD was 1,200, up from 1,100 on April 2, 2025, reflecting higher market volatility (TradingView, 2025). The trading volume for BTC/USD reached a peak of 25 billion USD at 12:00 PM EST, the highest in the past week, suggesting significant market interest (CoinMarketCap, 2025). For ETH/USD, the volume peaked at 13.5 billion USD at the same time, also a weekly high (CoinMarketCap, 2025). The on-chain transaction volume for Bitcoin increased by 7% to 1.5 million BTC from 1.4 million BTC on April 2, 2025, while Ethereum's transaction volume rose by 5% to 700,000 ETH from 667,000 ETH (Glassnode, 2025). These data points collectively indicate a market that was actively responding to the news, with traders adjusting their positions in anticipation of potential shifts in commodity prices and their impact on cryptocurrencies.

In the context of AI-related news, there were no direct announcements on April 3, 2025, that would have influenced the AI-crypto market correlation. However, the general market sentiment towards AI-driven technologies remained positive, as evidenced by the steady performance of AI-focused tokens like SingularityNET (AGIX) and Fetch.AI (FET). At 11:00 AM EST, AGIX traded at $0.50, up by 1% from $0.495, with a trading volume of 50 million USD (CoinMarketCap, 2025). FET was at $0.75, up by 0.8% from $0.744, with a volume of 30 million USD (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like BTC and ETH remained stable, with a Pearson correlation coefficient of 0.6 for AGIX/BTC and 0.55 for FET/BTC over the past week (CryptoQuant, 2025). This suggests that while the AISI's statement did not directly impact AI tokens, the overall market sentiment towards AI technologies continued to support their performance. Traders looking for opportunities in the AI-crypto crossover could consider monitoring these tokens for potential trading strategies based on their correlation with major assets and the broader market sentiment towards AI developments.