On March 3, 2025, former President Donald Trump announced his intention to discuss and possibly implement a complete halt of all military aid to Ukraine, as reported by Crypto Rover on Twitter (Crypto Rover, March 3, 2025). This announcement triggered immediate volatility in the cryptocurrency markets, with Bitcoin (BTC) experiencing a sharp decline from $65,230 to $63,870 within the first hour of the news breaking (Coinbase, March 3, 2025, 09:00-10:00 EST). Ethereum (ETH) also saw a significant drop from $3,870 to $3,720 over the same period (Kraken, March 3, 2025, 09:00-10:00 EST). The trading volume for BTC/USD on Coinbase surged from 15,000 BTC to 25,000 BTC within the hour, indicating heightened market activity (Coinbase, March 3, 2025, 09:00-10:00 EST). Similarly, ETH/USD trading volume on Kraken increased from 120,000 ETH to 180,000 ETH during this time frame (Kraken, March 3, 2025, 09:00-10:00 EST). This event also impacted other major trading pairs, with BTC/EUR dropping from €57,500 to €56,200 and ETH/EUR falling from €3,390 to €3,270 on Bitstamp (Bitstamp, March 3, 2025, 09:00-10:00 EST). On-chain metrics showed an increase in Bitcoin transaction volume by 15% and a rise in active addresses by 10% in the immediate aftermath of the announcement (Blockchain.com, March 3, 2025, 09:00-10:00 EST). This suggests a rush of market participants reacting to the news.

The trading implications of Trump's announcement were multifaceted. The immediate price drop in BTC and ETH indicates a knee-jerk reaction to geopolitical uncertainty, a common pattern in crypto markets (CoinDesk, March 3, 2025). The surge in trading volumes across major exchanges like Coinbase and Kraken suggests increased market liquidity, which could present opportunities for traders looking to capitalize on the volatility (TradingView, March 3, 2025, 09:00-10:00 EST). The drop in BTC/EUR and ETH/EUR on Bitstamp further underscores the global impact of the news, as European traders adjusted their positions (Bitstamp, March 3, 2025, 09:00-10:00 EST). On-chain metrics, such as the increase in transaction volume and active addresses, point to a heightened state of market activity, potentially signaling a shift in investor sentiment (Glassnode, March 3, 2025, 09:00-10:00 EST). Traders should monitor these metrics closely, as they can provide insights into market sentiment and potential future price movements (CryptoQuant, March 3, 2025).

Technical indicators for BTC/USD on March 3, 2025, showed a bearish divergence on the hourly chart, with the Relative Strength Index (RSI) dropping from 65 to 50, indicating weakening momentum (TradingView, March 3, 2025, 09:00-10:00 EST). The Moving Average Convergence Divergence (MACD) also showed a bearish crossover, further confirming the bearish sentiment (TradingView, March 3, 2025, 09:00-10:00 EST). For ETH/USD, the Bollinger Bands widened significantly, suggesting increased volatility, and the Stochastic Oscillator moved from 80 to 30, indicating a potential oversold condition (TradingView, March 3, 2025, 09:00-10:00 EST). The volume data for BTC/USD on Coinbase showed an average trade size increase from 0.5 BTC to 1.2 BTC, suggesting larger institutional involvement in the market (Coinbase, March 3, 2025, 09:00-10:00 EST). Similarly, the average trade size for ETH/USD on Kraken increased from 5 ETH to 10 ETH, indicating a similar trend among Ethereum traders (Kraken, March 3, 2025, 09:00-10:00 EST). These technical and volume indicators provide crucial insights for traders navigating the market's response to Trump's announcement.