Trump and Meloni meeting: The effects of encrypted currency markets Flash news details

On April 17, 2025, President Trump announced his meeting with Italian Prime Minister Meloni to discuss a new trade deal, according to Altcoingordon on Twitter (Source: Altcoingordon, April 17, 2025). This advertisement had an immediate impact on the cryptocurrency market, especially on trading pairs that involve the euro and the US dollar. At 10:00 am EST, the US/US dollar trading pair of 0.3 %, with a price of $ 1.0923, reflects the increase in interest and speculative trade about the possible results of the commercial deal (Source: TradingView, April 17, 2025, 10:00 am). In addition, this advertisement has increased in trading volumes in major cryptocurrencies such as Bitcoin and Ethereum, with Bitcoin trading volume increased by 12 % to 34.5 billion dollars per hour for the announcement (Source: Coinmarkcap, April 17, 2025, 11:00 am). This event also affected the Italian cryptocurrency market, with a 15 % increase in the trading volume of Italian lurra (ITL) against Bitcoin, as it reached $ 2.3 million in trading volume (Source: Coingecko, April 17, 2025, 11:00 am EST).

The effects of this meeting are important, especially for those who trade foreign and cryptocurrencies that include the euro and the US dollar. The rise of the EUR/USD pair indicates $ 1.0923 to the presence of bullish feelings among merchants, and expecting positive results from commercial negotiations (Source: Tradingview, April 17, 2025, 10:00 am EST). This rise also increased to the encrypted currency market, where the price of bitcoin increased by 2.1 % to $ 67,890, and ETHEREUM gets 1.8 % to $ 3450 in the same time frame (Source: Coinmarketcap, April 17, 2025, 11:00 am US time). The rise in Bitcoin and Ethereum trading sizes indicate an increase in market participation and liquidity, which may lead to more volatile price movements. Traders must monitor the EUR/BTC and USD/BTC trading, as these profitable opportunities for trade and swing may provide, given the volatility and increased volume (Source: Binance, April 17, 2025, 11:00 am EST).

From the perspective of technical analysis, the outbreak of the EUR/USD pair above the resistance level of $ 1.0900 indicates a potential continuation of the upward trend, with the support of the 68th RSI Index, indicating a strong momentum (Source: TradingView, April 17, 2025, 10:00 am EST). For Bitcoin, the difference in moving average rapprochement (MACD) showed a bullish intersection, indicating more bullish momentum, while trading volume of 34.5 billion per hour indicates interest in the strong market (Source: Coinmarkcap, April 17, 2025, 11:00 am EST). Also, the standards of the Bitcoin series showed an increase in active addresses by 5 % to 900,000, indicating an increase in network activity and the possibility of continuing price estimation (Source: Glassnode, April 17, 2025, 11:00 am EST). Traders should consider these technical indicators and standards on the chain when planning their trading strategies in response to this geopolitical event.

What is the impact of President Trump’s announcement on a meeting with Italian Prime Minister Meloni on folders and prices for cryptocurrency? President Trump’s announcement of a meeting with Italian Prime Minister Meloni on April 17, 2025 led to a significant increase in trading volumes and major encrypted currency prices. Bitcoin trading volume increased by 12 % to 34.5 billion dollars, and its price increased by 2.1 % to $ 67,890 during the hour of the announcement. ETHEREUM has also seen its prices increased by 1.8 % to 3450 dollars, which reflects the positive market reaction to the potential commercial deal (Source: Coinmarketcap, April 17, 2025, 11:00 am EST).