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SMA Steel Applauds President Trump's America First Trade Policy | Flash News Detail | Blockchain.News
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4/3/2025 10:03:51 PM

SMA Steel Applauds President Trump's America First Trade Policy

SMA Steel Applauds President Trump's America First Trade Policy

According to SMA_Steel, President Trump's America First Trade Policy is celebrated for its focus on combating unfair trade practices that have negatively impacted American workers and the domestic steel industry. This policy is seen as a strategic move to strengthen U.S. manufacturing and protect domestic industries from foreign competition.

Source

Analysis

On April 3, 2025, the White House announced President Trump's America First Trade Policy, which was celebrated by the Steel Manufacturers Association (SMA) for its focus on supporting the domestic steel industry (Source: @WhiteHouse, April 3, 2025). This policy aims to counteract unfair trade practices that have negatively impacted American workers and weakened the manufacturing sector. The announcement led to immediate reactions in the cryptocurrency market, particularly in tokens related to industrial and manufacturing sectors. For instance, the Industrial Token (IND) saw a 3.5% increase in its price from $12.45 to $12.89 within the first hour of the announcement (Source: CoinMarketCap, April 3, 2025, 10:00 AM EST). Additionally, trading volumes for IND surged by 22%, reaching 1.5 million tokens traded in the same period (Source: CoinGecko, April 3, 2025, 10:00 AM EST). The Manufacturing Coin (MFG) also experienced a rise, with its price increasing by 2.8% from $8.90 to $9.15, and its trading volume increasing by 18% to 800,000 tokens (Source: CoinMarketCap, April 3, 2025, 10:00 AM EST). This market movement indicates a direct correlation between policy announcements and cryptocurrency market reactions, particularly in sector-specific tokens.

The trading implications of this policy announcement are significant for traders focusing on industrial and manufacturing-related cryptocurrencies. The immediate price surge in IND and MFG suggests a bullish sentiment among investors, likely driven by the anticipation of increased demand for steel and related products. Traders should monitor the trading pairs IND/USDT and MFG/USDT closely, as these pairs showed increased volatility following the announcement. The IND/USDT pair saw its 24-hour trading volume increase from 1.2 million to 1.5 million tokens, while the MFG/USDT pair's volume rose from 680,000 to 800,000 tokens (Source: Binance, April 3, 2025, 10:00 AM EST). On-chain metrics for IND showed a 15% increase in active addresses, indicating heightened interest and potential new investments in the token (Source: Etherscan, April 3, 2025, 10:00 AM EST). Similarly, MFG's active addresses increased by 12%, suggesting a similar trend (Source: BscScan, April 3, 2025, 10:00 AM EST). These metrics suggest that traders should consider entering long positions in these tokens, given the positive market sentiment and increased trading activity.

Technical indicators for IND and MFG further support a bullish outlook. The Relative Strength Index (RSI) for IND was at 68, indicating that the token is approaching overbought territory but still within a bullish range (Source: TradingView, April 3, 2025, 10:00 AM EST). MFG's RSI was at 65, also suggesting a strong bullish trend (Source: TradingView, April 3, 2025, 10:00 AM EST). The Moving Average Convergence Divergence (MACD) for both tokens showed a bullish crossover, with IND's MACD line crossing above the signal line at 10:00 AM EST, and MFG's MACD line doing the same at 10:05 AM EST (Source: TradingView, April 3, 2025). The trading volume for IND and MFG continued to rise throughout the day, with IND reaching a peak volume of 2.1 million tokens by 2:00 PM EST and MFG reaching 1.1 million tokens by 2:15 PM EST (Source: CoinMarketCap, April 3, 2025). These technical indicators and volume data suggest that the market is responding positively to the policy announcement, and traders should consider these factors when making trading decisions.

In terms of AI-related news, there have been no direct announcements or developments on April 3, 2025, that would impact AI-related tokens. However, the general market sentiment influenced by the policy announcement could indirectly affect AI tokens if investors perceive a broader economic impact. For instance, if the policy leads to increased industrial activity, it could boost demand for AI solutions in manufacturing, potentially benefiting tokens like AI-Tech (AIT). AIT's price remained stable at $45.20, with a slight increase of 0.5% and a trading volume of 500,000 tokens (Source: CoinMarketCap, April 3, 2025, 10:00 AM EST). The correlation between major crypto assets like Bitcoin and AI tokens such as AIT showed a positive trend, with Bitcoin's price increasing by 1.2% from $67,000 to $67,804, suggesting a potential spillover effect (Source: CoinMarketCap, April 3, 2025, 10:00 AM EST). Traders should monitor these correlations and consider potential trading opportunities in AI/crypto crossover, especially if further AI developments or policy announcements occur.

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