On April 21, 2025, the White House proclaimed new policies regarding AI. This announcement triggered a massive wave in the crypto market, with generative AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET) leading the charge. From the opening conversation, it became clear just how important government pronouncements are to the nascent digital asset space. Consequently, it produced greater price volatility and larger volumes of trading.

Following the announcement, SingularityNET (AGIX) experienced a 7.2% increase, reaching $1.34 by 10:30 AM EST. In the same vein, Fetch.ai (FET) recorded a notable increase of 5.8%, pushing its price to $0.89 during that time period. Major cryptocurrencies responded positively, with Bitcoin (BTC) gaining 1.8% to reach $72,450 by 10:45 AM EST and Ethereum (ETH) increasing by 2.1% to $3,870.

The positive correlation between AI tokens and BTC, ETH, or other more mature cryptocurrencies was highly observable. Data showed a positive Pearson correlation coefficient of 0.68 between AGIX and BTC. It displayed a higher correlation of 0.72 between FET and ETH, indicating a robust connection between these assets.

A combination of positive technical indicators added fuel to the all AI tokens bullish trend, which was established immediately after announcement. At the peak, AGIX’s Relative Strength Index (RSI) was 72, signaling that AGIX was overbought but showing strong bullish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) for FET indicated a possible continuation of this upward trend.

In fact, trading volumes for AI tokens saw a volume surge of over 1500% just days after the White House published its policy refresh. At the same time on Binance the trading volume for AGIX/USD skyrocketed from 2.3 million $ to 5.7 million $ just over the first hour. Similarly, on Kraken, the trading volume for FET/USD increased from 1.8 million to 3.9 million during this period.