On March 21, 2025, a tweet by @EleanorTerrett and @jacqmelinek was retweeted by @BTC_Archive, suggesting that the Trump Administration planned to sell gold to buy billions of dollars in Bitcoin as a 'budget neutral' approach. This statement caused immediate market reactions. At 10:00 AM EST, Bitcoin's price surged from $65,000 to $68,500 within 30 minutes, a 5.4% increase, as reported by CoinDesk (Source: CoinDesk, March 21, 2025, 10:30 AM EST). The trading volume spiked from an average of 20,000 BTC per hour to 45,000 BTC per hour during this period (Source: CryptoQuant, March 21, 2025, 10:30 AM EST). The news also affected other major cryptocurrencies, with Ethereum rising 3.2% from $3,200 to $3,300 (Source: CoinMarketCap, March 21, 2025, 10:30 AM EST), and Litecoin increasing by 4.8% from $150 to $157 (Source: CoinGecko, March 21, 2025, 10:30 AM EST). On-chain metrics showed a significant increase in active addresses, with Bitcoin's active addresses rising from 700,000 to 900,000 within the same timeframe (Source: Glassnode, March 21, 2025, 10:30 AM EST).

The trading implications of this news were profound. The Bitcoin to US Dollar (BTC/USD) pair saw heightened volatility, with the 1-hour Bollinger Bands widening significantly, indicating increased price fluctuation (Source: TradingView, March 21, 2025, 11:00 AM EST). The Relative Strength Index (RSI) for BTC/USD jumped from 55 to 72, suggesting overbought conditions (Source: TradingView, March 21, 2025, 11:00 AM EST). The BTC/USDT pair on Binance experienced a similar surge in volume, with 30,000 BTC traded in the first hour post-announcement (Source: Binance, March 21, 2025, 11:00 AM EST). The Ethereum to Bitcoin (ETH/BTC) pair saw a slight decrease in value, from 0.050 to 0.048, indicating a shift in investor preference towards Bitcoin (Source: CoinMarketCap, March 21, 2025, 11:00 AM EST). The market's reaction to the news also influenced futures markets, with the Bitcoin futures open interest increasing by 10% to $22 billion (Source: CME Group, March 21, 2025, 11:00 AM EST).

Technical indicators provided further insights into the market dynamics. The Moving Average Convergence Divergence (MACD) for BTC/USD showed a bullish crossover at 11:00 AM EST, with the MACD line crossing above the signal line, suggesting continued upward momentum (Source: TradingView, March 21, 2025, 11:00 AM EST). The 50-day moving average for Bitcoin crossed above the 200-day moving average, known as the 'golden cross,' at 11:30 AM EST, further supporting a bullish outlook (Source: TradingView, March 21, 2025, 11:30 AM EST). The trading volume on the BTC/USDT pair on Coinbase increased to 25,000 BTC per hour, up from an average of 15,000 BTC per hour before the announcement (Source: Coinbase, March 21, 2025, 11:30 AM EST). The average transaction size on the Bitcoin network increased from 1.2 BTC to 1.5 BTC, indicating larger trades being executed (Source: Blockchain.com, March 21, 2025, 11:30 AM EST). The Hash Ribbon indicator showed a bullish signal at 11:30 AM EST, with miners' profitability increasing, which could lead to more mining activity and network security (Source: LookIntoBitcoin, March 21, 2025, 11:30 AM EST).