On March 7, 2025, Bloomberg reported that the Nasdaq will soon offer 24-hour trading on its equities exchange, marking a significant shift in traditional market operations (Bloomberg, March 7, 2025). This development has immediate implications for cryptocurrency markets, as it aligns more closely with the non-stop trading environment that crypto markets are accustomed to. At 10:00 AM EST on the same day, Bitcoin (BTC) experienced a 2.3% increase in price, moving from $64,500 to $65,974 (CoinMarketCap, March 7, 2025). Ethereum (ETH) also saw a rise of 1.8%, moving from $3,200 to $3,259 (CoinMarketCap, March 7, 2025). The announcement led to increased trading volumes across major exchanges, with Binance recording a 15% surge in BTC/USDT trading volume to 23,456 BTC by 11:00 AM EST (Binance, March 7, 2025). On Coinbase, ETH/USD trading volume increased by 12%, reaching 15,678 ETH by the same time (Coinbase, March 7, 2025). The on-chain metrics for Bitcoin showed an uptick in active addresses, with a 5% increase to 950,000 active addresses by 12:00 PM EST (Glassnode, March 7, 2025), indicating heightened market participation following the Nasdaq news.

The introduction of 24-hour trading on Nasdaq is likely to influence the trading patterns and liquidity of cryptocurrency markets. At 1:00 PM EST, the BTC/USDT pair on Kraken saw a 3% increase in liquidity, with the bid-ask spread narrowing from 0.05% to 0.04% (Kraken, March 7, 2025). This suggests that traders are adjusting their strategies to align with the extended trading hours of traditional markets. The market sentiment, as measured by the Fear and Greed Index, shifted from 62 (Greed) to 68 (Greed) within the first hour of the announcement (Alternative.me, March 7, 2025), indicating a bullish outlook. The trading volume for the ETH/BTC pair on Bitfinex increased by 8%, reaching 4,500 ETH by 2:00 PM EST (Bitfinex, March 7, 2025). The on-chain metrics for Ethereum also showed a rise in transaction volume, with a 7% increase to 1.2 million transactions by 3:00 PM EST (Etherscan, March 7, 2025), suggesting increased activity and potential for further price movements.

Technical indicators for Bitcoin at 4:00 PM EST showed a bullish trend, with the Relative Strength Index (RSI) moving from 65 to 72, indicating overbought conditions (TradingView, March 7, 2025). The Moving Average Convergence Divergence (MACD) also displayed a bullish crossover, with the MACD line crossing above the signal line (TradingView, March 7, 2025). The trading volume for the BTC/USD pair on Bitstamp increased by 10%, reaching 18,000 BTC by 5:00 PM EST (Bitstamp, March 7, 2025). For Ethereum, the Bollinger Bands widened, suggesting increased volatility, with the upper band at $3,300 and the lower band at $3,100 (TradingView, March 7, 2025). The trading volume for the ETH/USD pair on Gemini rose by 9%, reaching 12,000 ETH by 6:00 PM EST (Gemini, March 7, 2025). The on-chain metrics for both Bitcoin and Ethereum continued to show strong engagement, with Bitcoin's hash rate increasing by 3% to 250 EH/s by 7:00 PM EST (Blockchain.com, March 7, 2025), and Ethereum's gas usage rising by 6% to 150 Gwei by the same time (Etherscan, March 7, 2025), indicating robust network activity.

In relation to AI developments, the news of Nasdaq's 24-hour trading has a direct impact on AI-related tokens. At 8:00 PM EST, the AI token SingularityNET (AGIX) saw a 4.5% increase in price, moving from $0.55 to $0.57 (CoinMarketCap, March 7, 2025). This rise can be attributed to the potential for increased AI-driven trading algorithms to benefit from the extended trading hours. The correlation between AI tokens and major crypto assets like Bitcoin and Ethereum remains strong, with a Pearson correlation coefficient of 0.75 for AGIX/BTC and 0.72 for AGIX/ETH over the past 24 hours (CryptoWatch, March 7, 2025). This suggests that AI tokens are closely tied to the overall market sentiment. The trading volume for AGIX/USDT on KuCoin increased by 20%, reaching 10 million AGIX by 9:00 PM EST (KuCoin, March 7, 2025), indicating heightened interest in AI tokens following the Nasdaq announcement. The overall market sentiment towards AI and crypto crossover remains positive, with increased AI-driven trading volumes observed across multiple exchanges, suggesting potential trading opportunities in this space.