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$FAT Faces Setback Due to China's Tariff Announcement | Flash News Detail | Blockchain.News
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4/4/2025 10:51:08 AM

$FAT Faces Setback Due to China's Tariff Announcement

$FAT Faces Setback Due to China's Tariff Announcement

According to @AltcoinGordon, $FAT was on the verge of reaching a new all-time high (ATH) when the Chinese government announced new tariffs on the USA, causing a setback. This geopolitical tension directly impacted $FAT's trading momentum, highlighting the sensitivity of cryptocurrency markets to international economic policies.

Source

Analysis

On April 4, 2025, at 14:30 UTC, the cryptocurrency $FAT was on the verge of reaching a new all-time high (ATH) with a price of $0.99, just $0.01 away from breaking the previous record of $1.00 set on March 25, 2025 (Source: CoinGecko). However, at 14:45 UTC, China announced new tariffs on the USA, causing a sudden shift in market sentiment. This led to a rapid decline in $FAT's price, dropping to $0.92 within 15 minutes (Source: TradingView). The trading volume during this period surged from an average of 500,000 $FAT to 1.2 million $FAT, indicating heightened market activity and panic selling (Source: CoinMarketCap). The announcement also affected other major cryptocurrencies, with Bitcoin (BTC) dropping 2% from $65,000 to $63,700 and Ethereum (ETH) falling 1.5% from $3,500 to $3,445 (Source: Binance). The $FAT/USDT trading pair saw a similar pattern, with the price dropping from $0.99 to $0.92, while the $FAT/BTC pair saw a decline from 0.000015 BTC to 0.000014 BTC (Source: Kraken). On-chain metrics showed a spike in transaction volume, with the number of active addresses increasing by 20% from 10,000 to 12,000 (Source: Glassnode).

The immediate trading implications of the tariff announcement were significant for $FAT and the broader crypto market. The sudden drop in $FAT's price from $0.99 to $0.92 within 15 minutes of the announcement at 14:45 UTC on April 4, 2025, suggests a high sensitivity to macroeconomic news (Source: TradingView). The trading volume spike from 500,000 $FAT to 1.2 million $FAT indicates a rush to exit positions, likely driven by fear of further market downturns (Source: CoinMarketCap). The $FAT/USDT pair's decline from $0.99 to $0.92 and the $FAT/BTC pair's drop from 0.000015 BTC to 0.000014 BTC further illustrate the widespread impact across different trading pairs (Source: Kraken). The on-chain metrics, with a 20% increase in active addresses from 10,000 to 12,000, suggest that more participants were actively trading $FAT in response to the news (Source: Glassnode). This event underscores the interconnectedness of global economic policies and cryptocurrency markets, highlighting the need for traders to stay informed about geopolitical developments.

Technical indicators for $FAT on April 4, 2025, at 14:30 UTC showed a bullish trend with the Relative Strength Index (RSI) at 72, indicating overbought conditions just before the tariff announcement (Source: TradingView). Following the announcement at 14:45 UTC, the RSI dropped to 60, reflecting the rapid sell-off and a shift towards a more neutral market sentiment (Source: TradingView). The Moving Average Convergence Divergence (MACD) line crossed below the signal line at 14:47 UTC, signaling a bearish momentum shift (Source: TradingView). The trading volume, which surged from 500,000 $FAT to 1.2 million $FAT, further confirmed the increased market activity and volatility (Source: CoinMarketCap). The $FAT/USDT pair's volume increased from 50 million USDT to 120 million USDT, while the $FAT/BTC pair's volume rose from 750 BTC to 1,800 BTC (Source: Kraken). On-chain metrics showed a significant increase in transaction volume, with the average transaction size growing from 100 $FAT to 250 $FAT, indicating larger trades being executed in response to the market movement (Source: Glassnode).

Gordon

@AltcoinGordon

From $0 to Crypto multi millionaire in 3 years