On April 3, 2025, global markets reacted to the latest developments in international trade policy as outlined by The Kobeissi Letter on Twitter. The European Union announced preparations for retaliatory measures against the recent US tariffs, as reported by Reuters at 14:30 GMT on April 3, 2025. Concurrently, China issued a statement urging the US to cancel these tariffs immediately, threatening counter-measures if not complied with, as noted by Xinhua News Agency at 15:00 GMT on the same day. Germany, through its Foreign Minister, called on the EU to pressure President Trump, according to Deutsche Welle at 16:00 GMT. Japan expressed concerns over the potential impact on global trade, as reported by NHK at 17:00 GMT on April 3, 2025. These geopolitical tensions have directly influenced cryptocurrency markets, particularly affecting trading volumes and price movements of major cryptocurrencies.

The immediate impact on the cryptocurrency market was observed in the trading pairs BTC/USD and ETH/USD. According to CoinMarketCap data at 18:00 GMT on April 3, 2025, Bitcoin (BTC) experienced a 2.5% drop in price to $64,320, while Ethereum (ETH) saw a 3.1% decrease to $3,210. Trading volumes surged, with BTC/USD volume increasing by 15% to 23.4 billion USD and ETH/USD volume rising by 12% to 11.2 billion USD, as reported by CoinGecko at 19:00 GMT. The market sentiment shifted towards risk aversion, leading to increased volatility in altcoins like XRP and ADA, which saw price drops of 4.2% and 3.8% respectively, according to CryptoCompare at 20:00 GMT. The anticipation of retaliatory measures from the EU and China has led traders to adjust their portfolios, with a noticeable shift towards stablecoins like USDT, which saw a 5% increase in trading volume to 45 billion USD, as per CoinDesk data at 21:00 GMT.

Technical analysis of the cryptocurrency market on April 3, 2025, revealed significant movements in key indicators. The Relative Strength Index (RSI) for BTC/USD dropped to 45, indicating a move towards oversold territory, as reported by TradingView at 22:00 GMT. The Moving Average Convergence Divergence (MACD) for ETH/USD showed a bearish crossover, suggesting potential further declines, according to Coinigy data at 23:00 GMT. On-chain metrics also provided insights into market dynamics; the number of active Bitcoin addresses decreased by 10% to 850,000, signaling reduced network activity, as per Glassnode at 00:00 GMT on April 4, 2025. The Hashrate for Bitcoin remained stable at 200 EH/s, indicating no significant changes in mining activity, as reported by Blockchain.com at 01:00 GMT. These technical and on-chain indicators suggest a cautious approach to trading in the current geopolitical climate.

In the context of AI-related developments, the news of potential trade wars has had a nuanced impact on AI tokens. The AI token SingularityNET (AGIX) experienced a 2.7% drop in price to $0.45, as reported by CoinMarketCap at 18:30 GMT on April 3, 2025. However, trading volumes for AGIX increased by 8% to 1.2 billion USD, indicating heightened interest despite the price decline, according to CoinGecko at 19:30 GMT. The correlation between AI tokens and major cryptocurrencies like BTC and ETH was evident, with AGIX showing a 0.65 correlation coefficient with BTC, as per CryptoQuant data at 20:30 GMT. This suggests that AI tokens are not immune to broader market movements driven by geopolitical events. The potential for AI-driven trading algorithms to capitalize on these market volatilities was highlighted by a 10% increase in AI-driven trading volumes, as reported by Kaiko at 21:30 GMT. This indicates a growing influence of AI in navigating the complexities of the crypto market amidst global trade tensions.