Bitcoin and Altcoins Recover Following Trump’s Tariff Pause; SOL and DOGE Lead
Bitcoin and major altcoins experienced a strong rebound on Friday, reversing the losses seen in traditional and crypto markets on Thursday. This recovery follows President Trump’s announcement of a 90-day pause on new tariffs, a move that injected short-term optimism into risk markets, although tariffs on China remain in place.
Solana (SOL) and Dogecoin (DOGE) stood out, each rising by more than 4% over the past 24 hours. XRP, BNB, and TRX also posted solid gains, climbing between 2% and 3%. Meanwhile, Ether (ETH) continued to underperform, shedding another 2.4% and extending its weekly loss to more than 12%.
The tariff pause announcement on Wednesday led to an initial rally, as markets embraced the potential for easing trade tensions. However, after a pullback on Thursday, Friday’s upward movement suggests that the initial relief was not entirely short-lived, and bitcoin’s price action may be finding support around current levels.
“This temporary policy shift has dampened short-term volatility and eased fears of an immediate escalation in trade tensions,” said one analyst. “The drop in crypto volatility, coupled with the rise in long-term $100,000 bitcoin call options, suggests some market participants are positioning for a stronger second half of 2025.”
Ming Wu, CEO of RabbitX, described the tariff announcement as a turning point. “Trump’s policy change provided an unexpected opportunity for markets to bounce back. The pause has given investors room to reassess, though the pressure on China is far from over,” he said in a message to CoinDesk.
Wu pointed to the technicals, noting that many crypto assets were oversold before the news, which fueled a short squeeze off key support levels, triggering further buying.
Ryan Lee, Chief Analyst at Bitget Research, highlighted bitcoin’s recovery, with the cryptocurrency climbing 6% to reclaim the $80,000 level. “We’ve seen a clear uptick in institutional demand, as BTC continues to attract long-term holders who view it as a safe haven amid broader economic uncertainty,” Lee remarked.
Looking ahead, Lee emphasized the importance of monitoring key levels. “$80K is now a pivotal level for bitcoin. If risk appetite persists, we could see a move toward $85K. However, should market sentiment shift, there’s potential for a pullback toward $78K–$79K.”
As markets digest the latest trade policy developments, both the cryptocurrency and equity markets are closely watching for signs of sustained optimism or a return of uncertainty.
