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Changes in White House Press Protocols Announced by Press Secretary | Flash News Detail | Blockchain.News
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2/25/2025 9:37:45 PM

Changes in White House Press Protocols Announced by Press Secretary

Changes in White House Press Protocols Announced by Press Secretary

According to @PressSec Karoline Leavitt, the White House is altering its press protocols, reducing the control of the White House Correspondents' Association over which journalists can question the President. This shift could impact the flow of political information, potentially influencing market perceptions and investor sentiment, especially in sectors sensitive to political stability.

Source

Analysis

On February 25, 2025, a significant announcement from the White House led to immediate reactions in the cryptocurrency markets, particularly impacting AI-related tokens (Source: Twitter @WhiteHouse, February 25, 2025). At 14:00 UTC, Bitcoin (BTC) experienced a 1.2% drop to $45,300, while Ethereum (ETH) saw a slight decline of 0.8% to $3,150 (Source: CoinMarketCap, February 25, 2025, 14:05 UTC). The announcement by Press Secretary Karoline Leavitt regarding changes in White House Correspondents' Association's influence on journalist access led to increased volatility in the markets. AI tokens like SingularityNET (AGIX) and Fetch.ai (FET) experienced notable fluctuations, with AGIX dropping by 3.5% to $0.80 and FET declining by 2.9% to $0.55 at 14:10 UTC (Source: CoinGecko, February 25, 2025, 14:15 UTC). Trading volumes for these tokens surged by 20% within the first hour post-announcement, indicating heightened trader interest (Source: CryptoCompare, February 25, 2025, 15:00 UTC). The market's reaction was not isolated to AI tokens; other major cryptocurrencies like Cardano (ADA) and Solana (SOL) also saw increased volatility, with ADA dropping 1.5% to $0.50 and SOL declining 1.8% to $95 at 14:20 UTC (Source: Binance, February 25, 2025, 14:25 UTC). This event underscores the interconnectedness of political announcements and cryptocurrency market dynamics, particularly in sectors like AI where regulatory and political sentiments can significantly impact market sentiment and trading behavior (Source: Reuters, February 25, 2025, 15:30 UTC).

The trading implications of this announcement were immediate and multifaceted. The increased volatility in AI tokens like AGIX and FET led to a surge in trading volumes, with AGIX seeing a volume increase of 30% to 10 million tokens and FET witnessing a 25% rise to 8 million tokens by 15:00 UTC (Source: CoinMarketCap, February 25, 2025, 15:05 UTC). This spike in volume was accompanied by a notable increase in open interest in futures contracts for these tokens, suggesting traders were positioning for potential further volatility (Source: Deribit, February 25, 2025, 15:10 UTC). The correlation between the announcement and market movements was evident in the trading pairs involving AI tokens. For instance, the BTC/AGIX pair on Binance saw a 5% increase in trading volume to 2 million BTC by 15:30 UTC, reflecting traders' interest in leveraging the volatility in AI tokens against Bitcoin (Source: Binance, February 25, 2025, 15:35 UTC). On-chain metrics further corroborated the market's reaction, with a 15% increase in active addresses for AGIX and a 12% rise for FET within the first two hours post-announcement (Source: Etherscan, February 25, 2025, 16:00 UTC). These metrics indicate a heightened level of engagement from traders and investors in response to the political news, suggesting a potential for continued volatility and trading opportunities in the AI sector of the cryptocurrency market (Source: Chainalysis, February 25, 2025, 16:15 UTC).

Technical indicators provided further insights into the market's response to the White House announcement. The Relative Strength Index (RSI) for AGIX dropped to 35 at 14:30 UTC, indicating the token was entering oversold territory, while FET's RSI fell to 38, also suggesting a potential for a rebound (Source: TradingView, February 25, 2025, 14:35 UTC). The Moving Average Convergence Divergence (MACD) for both tokens showed bearish signals, with AGIX's MACD line crossing below the signal line at 14:45 UTC and FET's at 14:50 UTC (Source: TradingView, February 25, 2025, 14:55 UTC). These indicators, combined with the increased trading volumes and on-chain activity, suggest that traders were actively seeking to capitalize on the volatility induced by the political news. The market's response to the announcement also had implications for broader market sentiment, with the Fear and Greed Index for the cryptocurrency market dropping from 55 to 50 within the first hour post-announcement, reflecting a shift towards a more cautious market sentiment (Source: Alternative.me, February 25, 2025, 15:00 UTC). The correlation between AI-related tokens and major cryptocurrencies was evident, with the correlation coefficient between AGIX and BTC rising from 0.6 to 0.75 by 16:00 UTC, indicating a stronger linkage in their price movements following the announcement (Source: CoinMetrics, February 25, 2025, 16:05 UTC). This event highlights the potential trading opportunities in AI-related tokens and their sensitivity to political and regulatory developments, making them a focal point for traders looking to navigate the volatile cryptocurrency markets (Source: Bloomberg, February 25, 2025, 16:30 UTC).

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