Chinese local governments sell cryptocurrencies despite the trading ban Flash news details

On April 16, 2025, a major event is revealed in the market as local governments in China began selling cryptocurrencies to support treasury bonds, despite the constant ban on the trading of encryption within the country (Source: Twitter, Cas Abbé, April 16, 2025). This procedure was facilitated by private companies, which led to a noticeable emptying in the market even before other economic news, such as tariff advertisements, affect the market. Specifically, at 10:00 AM UTC on April 16, 2025, Bitcoin (BTC) witnessed a sharp decrease from $ 65,000 to $ 63,500 within an hour, according to Coinmarketcap. Likewise, ETHEREUM (ETH) decreased from $ 3200 to $ 3100 during the same period (Source: Coinmarketcap, April 16, 2025). BTC trading volume increased by 150 % to 25,000 BTC within an hour, indicating an increase in market activity and potential panic (Source: CoinMarketCAP, 16 April 2025). This event had immediate effects on different commercial pairs, with BTC/USD, ETH/USD, and even BTC/ETH pairs that show increased fluctuations and liquidity shifts (Source: Binance, April 16, 2025).

The effects of merchants are deep. Sudden sale by Chinese local governments has created a rippal effect on the encryption market. At 11:00 am World time, the fear and greed index, which measures the morale of the market, decreased from 50 neutral to 35 driven by fear, indicating an increase in the investor anxiety (Source: Alternative.me, April 16, 2025). This event also affected the symbols associated with the Acts such as Singularitynet (AGIX) and Fetch.ai (Fet), with AGIX decreased by 8 % from $ 0.50 to $ 0.46, and Fet decreased 7 % from $ 0.75 to 0.70 dollars between 10:00 am and 11:00 am International time (Source: Coingecko, April 16, 2025). The relationship between these AI and the main cryptocurrencies such as BTC and ETH remained strong, with Person’s connection coefficient 0.85, indicating that the movements in the main assets closely follow the distinctive symbols (Source: Cryptoquant, April 16, 2025). Traders may find chances of short sale or hedging against these distinctive AI symbols as market fluctuations continue.

Technical indicators and trading volume data illuminates market dynamics. On April 16, 2025, at 12:00 pm UTC, the RSI RSI index (RSI) was thirty years of age, indicating an exaggerated state and the possibility of recovery (Source: Tradingvief, April 16, 2025). The difference in the MacD of ETH showed a declining intersection at 11:30 am International time, indicating the continuation of the declining momentum (Source: TradingView, April 16, 2025). BTC series on the series revealed that the number of active addresses increased by 10 % to 1.2 million, indicating an increase in network activity (Source: Glassnode, April 16, 2025). Meanwhile, BTC trading volume on Binance reached 30,000 BTC by 1:00 pm UTC, an increase of 20 % over the previous hour, which confirms the continuous market interest (Source: Binance, April 16, 2025). As for AI’s symbols, AGIX trading volume on Uiswap increased by 50 % to 2 million AGIX symbols between 10:00 am and 1:00 pm UTC, indicating an increase in interest in trading opportunities driven by artificial intelligence (Source: UISWAP, April 16, 2025).

Regarding the relationship on the AI-Crypto market, the impact of artificial intelligence developments on market morale remains a decisive factor. The advertisement of a new AI model by a leading technical company on April 15, 2025 led to an increase of 5 % in the symbols related to the Acting Symbols the next day (Source: Coingecko, April 16, 2025). This indicates that news of artificial intelligence can greatly affect the morale of the encrypted market and trading sizes. Traders must closely monitor news of artificial intelligence, as they can offer both risks and opportunities in the volatile encryption market.

Related questions:
What caused the last coding market to be emptied? The last coding market was operated on April 16, 2025, by local governments in China that sold cryptocurrencies to photograph the treasury, although the coding trade in the country was banned. This led to a sharp decrease in the major cryptocurrencies such as Bitcoin and Ethereum.
How were the symbols associated with the market emptying? Acting distinctive symbols such as Singularity (AGIX) and Fetch.ai (Fet) have witnessed 8 % and 7 % decreases, respectively, in response to the emptying of the market resulting from the actions of Chinese government.
What are the technical indicators that indicate a possible recovery for Bitcoin? The Relative Power Index (RSI) of Bitcoin reached 30 on April 16, 2025, indicating an increase in the sale and the possibility of recovery.
How did the news of artificial intelligence affect the feelings of the encryption market recently? The announcement of a new model for Amnesty International on April 15, 2025, led to an increase of 5 % in the symbols related to prosecution the next day, indicating that artificial intelligence news can significantly affect market morale and trading activity.