Pope Francis passes: the effects of global markets Flash news details

On April 21, 2025, the cryptocurrency market witnessed an important event after the announcement of the death of Pope Francis, as the White House mentioned on Twitter at 10:30 am (Source: Twitter Whitehouse, April 21, 2025). The news led to immediate fluctuations in the market, as Bitcoin (BTC) decreased by 2.5 % to $ 64.320 during the first hour of the announcement (Source: Coinmarkcap, April 21, 2025, 11:30 am US ES). ETHEREUM (ETH) followed its example, and decreased by 1.8 % to $ 3,120 during the same period (Source: Coingecko, April 21, 2025, 11:30 am EST). The BTC trading volume increased by 15 % to 2.3 million BTC, indicating an increase in market activity (Source: CryptocCOSPARE, April 21, 2025, 11:30 am US EST). Likewise, the ETH trading volume increased by 12 % to 1.5 million ETH (Source: Coinmarketcap, April 21, 2025, 11:30 am US ES). The market reaction was not limited to the main encrypted currencies; Altcoins such as Cardano (Ada) and Solana (Sol) witnessed 3.2 % and 2.7 % decreases, respectively, during the first hour (Source: Coingecko, April 21, 2025, 11:30 am US ES). The scales on the chain showed an increase in the volume of transactions, as the number of Bitcoin transactions increased by 10 % to 350,000 transactions (Source: Blockchain.com, April 21, 2025, 11:30 am US EST). This event emphasizes the sensitivity of the encryption market for global news and its potential impact on trading strategies.

The trading effects on the death of Pope Francis were deep, as the market fluctuated dramatically. BTC/USD pair witnessed a sharp increase in fluctuations, with a 20 % bollinger range during the first hour of the announcement (Source: TradingView, April 21, 2025, 11:30 am US EST). This volatility provided both risks and opportunities for merchants. For example, the RSI RSI index decreased to 35, indicating that the origin was entering an exaggerated region, which could indicate a possible opportunity to buy in short term traders (Source: Coinmarketcap, April 21, 2025, 11:30 am US ES). ETH/BTC’s pair has also seen a remarkable shift, as ETH lost the ground against BTC, as it decreased by 0.5 % to 0.048 BTC (Source: Coingecko, April 21, 2025, 11:30 am EST). This movement indicates a possible shift in the feelings of investors towards BTC as a safe haven during times of uncertainty. The trading volume of the BTC/USDT pair on Binance increased by 18 % to $ 45 billion, reflecting the increase in interest in this trading pair (Source: Binance, April 21, 2025, 11:30 am EST). Traders must closely monitor these trends and control their strategies accordingly, taking into account the possibility of additional market movements.

Technical indicators presented more ideas about the market’s reaction to the news. BTC’s MacD spacing showed a declining intersection at 11:30 am EST, with the MACD line crossing the signal line, indicating a possible continuity of the declining direction (Source: Tradingview, April 21, 2025, 11:30 am USA). The 50 -day moving average of BTC was violated at $ 65,000, confirming more than the Haboodi feelings (Source: Coinmarketcap, April 21, 2025, 11:30 am EST). The trading volume of the BTC/ETH pair on KAKEN increased by 10 % to 1.2 million ETH, indicating a shift in trading activity towards this pair (Source: Kraken, April 21, 2025, 11:30 am EST). The scales on the ETH series showed a 5 % increase in active headlines to 500,000, indicating an increase in network activity (Source: ETHERSCAN, April 21, 2025, 11:30 am US EST). These technical indicators and volume data provides merchants valuable information to move in market fluctuations and take informed trading decisions.

Related questions:
How was the coded currency market reaction to the death of Pope Francis? The cryptocurrency market witnessed immediate fluctuations after the announcement of the death of Pope Francis, with bitcoin decreased by 2.5 % and ETHEREUM by 1.8 % during the first hour. Trading sizes rose, and the scales on the chain showed an increase in transactions activity.
What are the chances of trading that arose from this event? The increasing fluctuations provided possible purchase opportunities for traders in the short term, especially with Bitcoin entering the sales area. Merchants must monitor technical indicators and size data to take advantage of these opportunities.
How does technical indicators reflect the market reaction? MACD showed a bitcoin a declining intersection, and the moving average was hacked for 50 days, indicating a possible continuity of the declining direction. Trading sizes and active headlines on Ethereum also provided an insight into the market morale.