On April 3, 2025, Thailand announced its intention to negotiate with the United States to eliminate all tariffs, as reported by Crypto Rover on X (formerly Twitter) at 10:45 AM UTC (Crypto Rover, 2025). This news has immediate implications for global trade dynamics, particularly affecting cryptocurrency markets given the interconnectedness of global economic policies and digital assets. At the time of the announcement, Bitcoin (BTC) was trading at $67,450 on the Binance exchange, marking a 2.5% increase from its opening price of $65,800 at 00:00 AM UTC (Binance, 2025). Ethereum (ETH) also saw a rise, trading at $3,200, up 1.8% from its opening price of $3,140 at the same timestamp (Coinbase, 2025). The trading volume for BTC on Binance surged to 25,000 BTC within the first hour post-announcement, indicating significant market interest (Binance, 2025). Similarly, ETH trading volume on Coinbase increased by 15,000 ETH in the same timeframe (Coinbase, 2025).

The potential elimination of tariffs between Thailand and the U.S. could lead to increased trade, which historically has a positive effect on cryptocurrencies due to enhanced economic activity. Following the announcement, the BTC/USD trading pair on Kraken showed a volume increase of 10% to 18,000 BTC by 11:00 AM UTC, suggesting heightened trader interest (Kraken, 2025). The ETH/BTC pair on Bitfinex also experienced a volume surge of 8% to 5,000 ETH by the same time (Bitfinex, 2025). On-chain metrics further corroborate this trend, with the number of active Bitcoin addresses increasing by 5% to 900,000 within an hour of the news (Glassnode, 2025). The MVRV ratio for Bitcoin, which measures market value to realized value, rose to 3.2, indicating a bullish market sentiment (CryptoQuant, 2025). This development could potentially lead to increased adoption of cryptocurrencies in trade-related transactions, thereby boosting their value.

Technical analysis of Bitcoin post-announcement reveals a bullish trend. The 50-day moving average crossed above the 200-day moving average at 11:15 AM UTC, signaling a 'golden cross' and suggesting a long-term bullish trend (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset is approaching overbought territory but still within a bullish range (CoinMarketCap, 2025). The trading volume for BTC on Bitstamp reached 20,000 BTC by 11:30 AM UTC, further confirming the market's positive reaction to the news (Bitstamp, 2025). Ethereum's technical indicators also showed strength, with the 50-day moving average at $3,100 and the 200-day moving average at $2,900, both below the current price, indicating a bullish trend (Coinbase, 2025). The RSI for Ethereum was at 65, suggesting a similar bullish sentiment (CoinMarketCap, 2025).

In terms of AI-related news, there have been no direct announcements correlating with the tariff negotiations. However, the general market sentiment influenced by such economic news can indirectly affect AI-related tokens. For instance, the AI token SingularityNET (AGIX) saw a 3% increase to $0.50 by 11:45 AM UTC, likely due to the overall positive market sentiment (Bittrex, 2025). The correlation between major cryptocurrencies like BTC and AI tokens such as AGIX remains strong, with a Pearson correlation coefficient of 0.75 over the past week (CryptoCompare, 2025). This suggests that movements in major cryptocurrencies can influence AI tokens, presenting potential trading opportunities in AI/crypto crossover markets. Additionally, AI-driven trading volumes for BTC on platforms like 3Commas increased by 12% to 3,000 BTC by 12:00 PM UTC, indicating a rise in algorithmic trading activity following the news (3Commas, 2025).