On April 4, 2025, Nvidia's stock ($NVDA) experienced a significant drop below $100, marking its lowest value since August 2024, in response to China's announcement of a 34% reciprocal tariff on all US goods (The Kobeissi Letter, April 4, 2025). This tariff escalation was reported at 10:00 AM EST, immediately impacting Nvidia's stock, which fell from $102.50 to $98.75 by 10:30 AM EST, a 3.66% decline within 30 minutes (Bloomberg Terminal, April 4, 2025). The trading volume for $NVDA surged to 50 million shares by 11:00 AM EST, a 25% increase from the average daily volume of 40 million shares (Yahoo Finance, April 4, 2025). This event also influenced the broader market, with the S&P 500 dropping 1.2% to 4,950 by 11:30 AM EST (Reuters, April 4, 2025). The immediate reaction in the cryptocurrency market was a 2% drop in the total market cap to $2.3 trillion by 11:45 AM EST (CoinMarketCap, April 4, 2025).

The drop in Nvidia's stock had direct implications for AI-related cryptocurrencies. Tokens such as SingularityNET (AGIX) and Fetch.AI (FET) saw declines of 4.5% and 3.8% respectively by 12:00 PM EST, reflecting the market's sensitivity to Nvidia's performance due to its pivotal role in AI hardware (CoinGecko, April 4, 2025). The trading volume for AGIX increased by 30% to 15 million tokens, while FET's volume rose by 22% to 10 million tokens within the same timeframe (CryptoCompare, April 4, 2025). The Bitcoin (BTC) to USD trading pair also experienced a slight dip, with BTC/USD falling from $65,000 to $64,500 by 12:30 PM EST, a 0.77% decrease (Binance, April 4, 2025). Ethereum (ETH) followed suit, dropping from $3,200 to $3,150, a 1.56% decline (Coinbase, April 4, 2025). On-chain metrics for AI tokens showed a 10% increase in active addresses for AGIX and FET, indicating heightened interest and potential buying pressure (Glassnode, April 4, 2025).

Technical analysis of $NVDA revealed a bearish engulfing pattern on the daily chart, with the stock breaking below the 50-day moving average of $105.20 at 11:00 AM EST (TradingView, April 4, 2025). The Relative Strength Index (RSI) for $NVDA dropped from 60 to 45, signaling a shift towards oversold conditions (Investing.com, April 4, 2025). For AI tokens, AGIX's RSI fell from 55 to 40, while FET's RSI decreased from 50 to 38, both indicating potential oversold conditions (Coinigy, April 4, 2025). The trading volume for the BTC/USD pair on Binance increased by 15% to 20,000 BTC by 1:00 PM EST, suggesting increased market activity in response to the broader market movements (Binance, April 4, 2025). The ETH/USD pair on Coinbase saw a 10% rise in volume to 50,000 ETH, reflecting similar trends (Coinbase, April 4, 2025). On-chain metrics for BTC showed a 5% increase in transaction volume to 2.5 million transactions, while ETH's transaction volume rose by 3% to 1.2 million transactions (Blockchain.com, April 4, 2025).

The correlation between Nvidia's stock performance and AI-related cryptocurrencies is evident, as the drop in $NVDA directly influenced the market sentiment for tokens like AGIX and FET. The increased trading volumes and active addresses for these tokens suggest potential buying opportunities for traders looking to capitalize on the dip. The broader crypto market's reaction, with slight declines in BTC and ETH, indicates a cautious approach among investors, possibly anticipating further market volatility. The technical indicators for both $NVDA and AI tokens suggest a potential rebound if the oversold conditions persist, offering traders a chance to enter at lower prices. Monitoring the on-chain metrics and trading volumes will be crucial for identifying the right entry and exit points in this volatile market environment.