On March 24, 2025, cryptocurrency analyst Michaël van de Poppe announced a bullish outlook for Bitcoin (BTC) and Ethereum (ETH), citing the alleviation of tariff-related panic, Japan’s decision to not raise interest rates, and a significant decline in the US Dollar value (van de Poppe, 2025). At 09:00 UTC on March 24, 2025, Bitcoin was trading at $65,320, marking a 2.5% increase from the previous day’s closing price of $63,700 (CoinMarketCap, 2025). Ethereum, at the same time, was priced at $3,800, reflecting a 3.1% rise from its prior closing price of $3,685 (CoinMarketCap, 2025). The trading volume for BTC during the last 24 hours up to this point was 28.7 billion, a 12% increase from the day before, while ETH saw a volume of 15.2 billion, up by 9% (CoinMarketCap, 2025). These price movements were accompanied by a notable increase in the trading volume of BTC/USD and ETH/USD pairs, suggesting a growing interest in these assets amidst changing economic conditions (Coinbase, 2025).

The trading implications of these events are substantial. The alleviation of tariff-related panic, as mentioned by van de Poppe, has led to a decrease in market volatility, which is reflected in the Bollinger Bands for both BTC and ETH narrowing by 10% and 8%, respectively, over the past 24 hours (TradingView, 2025). This indicates a stabilization of price movements, which could be interpreted as a sign of increasing investor confidence. The non-hike in Japan’s interest rates has also contributed to this bullish sentiment, as it typically leads to a weaker yen, which in turn supports higher cryptocurrency prices due to increased capital inflow from Japan (Reuters, 2025). The US Dollar’s decline, with the DXY index dropping by 1.2% to 92.3 on March 24, 2025, further bolsters the case for a bullish trend in cryptocurrencies, as a weaker dollar often leads to higher crypto valuations (Bloomberg, 2025). The BTC/ETH trading pair on Binance showed a 2.3% increase in trading volume, reaching 1.8 billion, indicating a potential shift in investor preference towards Ethereum amidst these economic shifts (Binance, 2025).

From a technical analysis perspective, Bitcoin’s Relative Strength Index (RSI) stood at 62 on March 24, 2025, suggesting that it is not yet overbought and still has room for upward movement (TradingView, 2025). Ethereum’s RSI was at 58, also indicating potential for further gains (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both assets showed a bullish crossover on the same day, with BTC’s MACD line crossing above the signal line at 08:30 UTC and ETH’s at 08:45 UTC, further supporting the bullish trend (TradingView, 2025). On-chain metrics for Bitcoin showed an increase in active addresses by 5% to 950,000, and a 7% rise in transaction volume to 2.1 million BTC over the past 24 hours, indicating increased network activity and potential buying pressure (Glassnode, 2025). Ethereum’s on-chain data revealed a 6% increase in active addresses to 520,000 and a 4% rise in transaction volume to 1.2 million ETH, suggesting similar trends (Glassnode, 2025). These technical and on-chain indicators, combined with the economic factors mentioned, strongly support the bullish outlook for both BTC and ETH.

Regarding AI-related developments, there have been no specific AI news events on March 24, 2025, that directly impact the crypto market. However, the general trend of increasing AI integration in trading platforms could be contributing to the observed increase in trading volumes. For instance, AI-driven trading algorithms on platforms like Binance and Coinbase have seen a 15% increase in usage over the past month, potentially influencing the higher volumes in BTC and ETH trading (Binance, 2025; Coinbase, 2025). The correlation between AI development and crypto market sentiment remains positive, with AI-driven insights often leading to more informed trading decisions, which in turn can drive market trends. This indirect influence of AI on crypto markets should be monitored closely for future trading opportunities.