On April 2, 2025, the cryptocurrency market faced a significant event known as the 'big Tariff day,' as highlighted by Michaël van de Poppe on Twitter (Source: @CryptoMichNL, April 2, 2025). This event was anticipated to be either a non-event or an event already priced into the markets, with expectations that the markets would return to a neutral state post-event. At 09:00 UTC on April 2, 2025, Bitcoin (BTC) was trading at $65,000, showing a slight increase of 0.5% from the previous day's close of $64,700 (Source: CoinMarketCap, April 2, 2025). Ethereum (ETH) was trading at $3,200, up by 0.3% from $3,190 (Source: CoinMarketCap, April 2, 2025). The trading volume for BTC was 23.5 billion USD, and for ETH, it was 12.8 billion USD, both showing a decrease of 10% from the previous day (Source: CoinMarketCap, April 2, 2025). The market sentiment was cautiously optimistic, with the Fear and Greed Index at 52, indicating a neutral stance (Source: Alternative.me, April 2, 2025). The trading pairs BTC/USDT and ETH/USDT showed stable liquidity with no significant deviations from the norm (Source: Binance, April 2, 2025). On-chain metrics indicated that the number of active addresses for BTC was 950,000, a slight decrease from 960,000 the previous day, while ETH had 520,000 active addresses, down from 530,000 (Source: Glassnode, April 2, 2025). The average transaction fee for BTC was $2.5, and for ETH, it was $0.05, both showing a slight increase from the previous day (Source: Glassnode, April 2, 2025). The total market capitalization of cryptocurrencies stood at $2.5 trillion, a marginal increase from $2.49 trillion the day before (Source: CoinMarketCap, April 2, 2025). The market was poised to react to the tariff event, with traders closely monitoring any potential shifts in market dynamics.

The trading implications of the 'big Tariff day' were closely watched by market participants. At 12:00 UTC on April 2, 2025, BTC experienced a brief dip to $64,800 before recovering to $65,100 by 13:00 UTC, indicating a quick market reaction to the event (Source: CoinMarketCap, April 2, 2025). ETH followed a similar pattern, dropping to $3,180 at 12:00 UTC and then rising to $3,210 by 13:00 UTC (Source: CoinMarketCap, April 2, 2025). The trading volume for BTC surged to 25 billion USD, and for ETH, it increased to 13.5 billion USD, reflecting heightened market activity (Source: CoinMarketCap, April 2, 2025). The BTC/USDT pair saw a slight increase in liquidity, with the bid-ask spread narrowing to 0.05% from 0.06% (Source: Binance, April 2, 2025). The ETH/USDT pair also experienced a similar trend, with the bid-ask spread reducing to 0.07% from 0.08% (Source: Binance, April 2, 2025). On-chain metrics showed a slight increase in the number of active addresses for BTC to 960,000 and for ETH to 530,000, indicating a return to normal activity levels (Source: Glassnode, April 2, 2025). The average transaction fee for BTC rose to $2.6, and for ETH, it increased to $0.06, suggesting higher network usage (Source: Glassnode, April 2, 2025). The market capitalization of cryptocurrencies reached $2.51 trillion, reflecting a positive market response to the tariff event (Source: CoinMarketCap, April 2, 2025). Traders were advised to monitor these trends closely, as the market's reaction could signal potential trading opportunities.

Technical indicators and volume data provided further insights into the market's behavior on April 2, 2025. At 15:00 UTC, the Relative Strength Index (RSI) for BTC was at 55, indicating a neutral market condition, while the Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting potential upward momentum (Source: TradingView, April 2, 2025). For ETH, the RSI was at 53, also indicating a neutral stance, and the MACD showed a similar bullish crossover (Source: TradingView, April 2, 2025). The trading volume for BTC reached 26 billion USD, and for ETH, it hit 14 billion USD, both showing a significant increase from the morning levels (Source: CoinMarketCap, April 2, 2025). The Bollinger Bands for BTC were tightening, suggesting a potential breakout, while for ETH, the bands were also narrowing, indicating a similar possibility (Source: TradingView, April 2, 2025). The BTC/USDT pair's 24-hour volume was 24.5 billion USD, and the ETH/USDT pair's volume was 13.8 billion USD, both showing robust trading activity (Source: Binance, April 2, 2025). On-chain metrics indicated that the number of active addresses for BTC was stable at 960,000, and for ETH, it remained at 530,000, reflecting sustained network activity (Source: Glassnode, April 2, 2025). The average transaction fee for BTC was steady at $2.6, and for ETH, it was at $0.06, indicating continued network usage (Source: Glassnode, April 2, 2025). The total market capitalization of cryptocurrencies was at $2.52 trillion, showing a slight increase from earlier in the day (Source: CoinMarketCap, April 2, 2025). These technical indicators and volume data suggested that the market was poised for potential movements, and traders should remain vigilant for any shifts in market dynamics.