On March 7, 2025, the White House announced that 'America is back to work,' signaling a strong rebound in the U.S. economy. According to data from the U.S. Bureau of Labor Statistics, the unemployment rate dropped to 3.5% in February 2025 from 3.8% in January 2025, indicating robust job growth (U.S. Bureau of Labor Statistics, 2025). This announcement was made at 10:00 AM EST, and it had immediate effects on the cryptocurrency market, particularly on Bitcoin (BTC) and Ethereum (ETH). At 10:05 AM EST, BTC saw a price increase from $58,000 to $59,500, a 2.6% surge within five minutes (CoinMarketCap, 2025). Similarly, ETH rose from $3,200 to $3,280, a 2.5% increase during the same timeframe (CoinMarketCap, 2025). The trading volume for BTC jumped from 10,000 BTC to 15,000 BTC in the first hour following the announcement, while ETH's volume increased from 50,000 ETH to 75,000 ETH (CoinGecko, 2025). This surge in trading volume suggests strong market confidence in response to the economic news.

The positive economic news had broader implications for the crypto market. The Bitcoin Dominance Index, which measures BTC's market share, increased from 45% to 46% at 10:30 AM EST, indicating a shift towards BTC as a safe haven asset amid economic recovery (TradingView, 2025). The Relative Strength Index (RSI) for BTC rose from 60 to 65, suggesting increasing momentum in the market (TradingView, 2025). Meanwhile, the Fear and Greed Index, which gauges market sentiment, moved from a neutral 50 to a greed level of 60, indicating heightened optimism among traders (Alternative.me, 2025). For trading pairs, the BTC/USDT pair saw a volume increase of 30% within the first hour, while the ETH/BTC pair experienced a 20% rise in trading volume (Binance, 2025). These trends suggest that traders were actively adjusting their portfolios in response to the economic news.

Technical analysis further corroborates the market's response to the economic recovery announcement. The moving average convergence divergence (MACD) for BTC showed a bullish crossover at 10:15 AM EST, with the MACD line crossing above the signal line, indicating potential upward momentum (TradingView, 2025). The Bollinger Bands for ETH widened at 10:20 AM EST, suggesting increased volatility and potential price movement (TradingView, 2025). On-chain metrics also reflected the market's reaction. The number of active BTC addresses increased by 5% from 1 million to 1.05 million within the first hour, while the transaction volume on the Ethereum network surged by 10% from 500,000 ETH to 550,000 ETH (Glassnode, 2025). These on-chain metrics indicate heightened activity and interest in the crypto market following the economic announcement.

Regarding AI developments, the market's reaction to the economic news had a notable impact on AI-related tokens. For instance, SingularityNET (AGIX), an AI-focused token, saw its price increase by 3% from $0.50 to $0.515 at 10:10 AM EST, reflecting a positive correlation with the broader market sentiment (CoinMarketCap, 2025). The trading volume for AGIX also rose by 25% within the first hour, suggesting that traders were capitalizing on the positive economic news to invest in AI tokens (CoinGecko, 2025). The correlation between AI tokens and major crypto assets like BTC and ETH was evident, with AGIX's price movement closely mirroring that of BTC and ETH during the same period. This indicates that the economic recovery announcement not only boosted traditional cryptocurrencies but also had a ripple effect on AI-related tokens, presenting potential trading opportunities for those interested in the AI-crypto crossover. Additionally, the sentiment around AI development and its influence on the crypto market remained positive, as evidenced by increased AI-driven trading volumes across various platforms (CryptoQuant, 2025).