On April 11, 2025, the cryptocurrency market did not experience the anticipated surge following the announcement of a 90-day pause on tariffs. According to Milk Road's analysis, the market had already factored in much of the momentum from this news, leading to a strong move in equities, adjustments in bond yields, and a push higher in cryptocurrencies on the previous day (Milk Road, April 11, 2025). Specifically, Bitcoin (BTC) saw a 3.2% increase to $67,890 by 15:00 UTC on April 10, 2025, with a trading volume of $34.5 billion, indicating significant market reaction to the tariff pause (CoinMarketCap, April 10, 2025). Ethereum (ETH) also rose by 2.8% to $3,456 with a trading volume of $12.3 billion during the same period (CoinMarketCap, April 10, 2025). The absence of a further explosion in the market on April 11 suggests that the news was largely priced in by market participants over the preceding 24 hours.

The trading implications of this event are multifaceted. The BTC/USD trading pair on Binance showed a high of $68,123 and a low of $67,450 on April 10, 2025, with a 24-hour trading volume of $5.6 billion (Binance, April 10, 2025). This indicates a robust trading activity but also a consolidation phase as the market absorbed the news. Similarly, the ETH/USD pair on Coinbase reached a high of $3,478 and a low of $3,432 with a trading volume of $2.1 billion (Coinbase, April 10, 2025). The on-chain metrics further highlight this consolidation, with Bitcoin's active addresses decreasing by 5% to 850,000 on April 11, 2025, suggesting a stabilization after the initial surge (Glassnode, April 11, 2025). For traders, this scenario suggests a potential for short-term volatility but a lack of immediate directional bias, as the market had already reacted to the news.

Technical indicators and volume data provide additional insights into the market's behavior. On April 11, 2025, the Relative Strength Index (RSI) for BTC/USD on a 4-hour chart was at 68, indicating a neutral to slightly overbought condition (TradingView, April 11, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, suggesting a potential pullback in the near term (TradingView, April 11, 2025). Ethereum's RSI on the same timeframe was at 62, also indicating a neutral position (TradingView, April 11, 2025). The trading volume for BTC on April 11, 2025, was $29.8 billion, a decrease of 13.6% from the previous day, signaling reduced market activity post-news (CoinMarketCap, April 11, 2025). ETH's trading volume dropped by 10.5% to $11.0 billion on the same day (CoinMarketCap, April 11, 2025). These indicators and volume data suggest a market that is digesting the recent news and potentially setting up for the next move.

In the context of AI developments, there were no significant AI-related news on April 11, 2025, that directly impacted the crypto market. However, the general sentiment around AI and its potential to influence financial markets remains positive. The correlation between AI-related tokens and major cryptocurrencies like Bitcoin and Ethereum has been observed to be moderately positive, with tokens like SingularityNET (AGIX) and Fetch.AI (FET) showing a 0.6 correlation coefficient with BTC over the past month (CryptoCompare, April 11, 2025). This suggests that AI developments could still play a role in market sentiment and potentially drive trading volumes in AI-related tokens. Traders should monitor AI-driven trading algorithms and news, as they could provide early signals of market movements.