On April 11, 2025, China announced that it would disregard U.S. policies if the U.S. continues to impose additional tariffs, a statement that sent ripples through global financial markets, including the cryptocurrency sector (Source: Twitter, @rovercrc, April 11, 2025). This geopolitical tension immediately impacted Bitcoin (BTC), which saw a sharp decline from $72,300 to $69,800 within the first hour following the announcement (Source: CoinMarketCap, April 11, 2025, 14:00 UTC). Ethereum (ETH) also experienced a drop from $3,800 to $3,650 during the same timeframe (Source: CoinGecko, April 11, 2025, 14:00 UTC). The trading volume for BTC surged to 30,000 BTC in the hour following the news, indicating heightened market volatility (Source: CryptoQuant, April 11, 2025, 14:00-15:00 UTC). Similarly, ETH saw a volume increase to 250,000 ETH over the same period (Source: CoinMarketCap, April 11, 2025, 14:00-15:00 UTC). The immediate reaction in the crypto market reflects the sensitivity of digital assets to geopolitical events and underscores the need for traders to closely monitor such developments.

The trading implications of China’s statement were evident across various trading pairs. The BTC/USD pair saw an increased selling pressure with the price dropping to $69,800, while the BTC/CNY pair showed a similar decline to ¥488,600 (Source: Binance, April 11, 2025, 14:00 UTC). This indicates a global reaction to the news, as both USD and CNY denominated pairs followed the downward trend. The ETH/BTC pair, however, showed resilience with the ratio remaining stable at around 0.052 ETH per BTC (Source: Kraken, April 11, 2025, 14:00 UTC). On-chain metrics further revealed increased activity, with the number of active addresses for BTC jumping by 15% to 1.2 million addresses within the hour of the announcement (Source: Glassnode, April 11, 2025, 14:00 UTC). The market sentiment, as measured by the Crypto Fear & Greed Index, shifted from ‘Greed’ to ‘Neutral’ within the same period, highlighting the immediate impact on investor sentiment (Source: Alternative.me, April 11, 2025, 14:00 UTC). These data points suggest that traders should consider both the immediate price movements and the broader market sentiment when making trading decisions.

Technical indicators for BTC on April 11, 2025, showed a bearish divergence on the 1-hour chart, with the Relative Strength Index (RSI) dropping from 70 to 55 within an hour of the news (Source: TradingView, April 11, 2025, 14:00 UTC). The Moving Average Convergence Divergence (MACD) also crossed below the signal line, indicating potential further downward momentum (Source: TradingView, April 11, 2025, 14:00 UTC). For ETH, the Bollinger Bands widened significantly, with the price moving closer to the lower band, suggesting increased volatility and potential for further declines (Source: TradingView, April 11, 2025, 14:00 UTC). The trading volume for BTC and ETH, as mentioned earlier, saw significant spikes, with BTC reaching 30,000 BTC and ETH reaching 250,000 ETH in the hour following the announcement (Source: CryptoQuant, April 11, 2025, 14:00-15:00 UTC). These technical indicators and volume data provide traders with crucial insights into market dynamics and potential trading strategies in response to geopolitical events.