Bitcoin prices edged higher on Friday, recovering from a sharp drop earlier this week following U.S. President Donald Trump’s announcement of sweeping reciprocal tariffs. The leading cryptocurrency rose 2.48% to $84,044.53, climbing back from a low near $81,500 on Thursday, which had been triggered by a broad sell-off in risk assets.
The bounce comes amid volatile global markets and waning investor confidence, but Bitcoin appeared to find a floor despite ongoing uncertainty. While BTC rebounded, the broader cryptocurrency sector showed mixed performance. Ethereum (ETH) gained 1.17% to $1,807.65, Solana (SOL) surged 6.07% to $121.89, and Pepe (PEPE) recorded the largest gain of the day, jumping 8.21%.
However, stocks tied to crypto trading and infrastructure saw losses. Robinhood Markets (HOOD) dropped 11%, and Coinbase Global (COIN) slid 7% as retail investor interest showed signs of retreating. Mara Holdings (MARA), a major crypto miner, was down 1%, while Strategy (MSTR)—formerly MicroStrategy—managed a 3% intraday gain, buoyed by its large Bitcoin holdings.
Despite Friday’s uptick, Bitcoin still trades well below its 2024 highs. In February, it soared past the $100,000 mark amid hopes that Trump’s return would lead to friendlier crypto policies. Those gains have since evaporated as trade war fears weigh on the market.
According to CoinMarketCap, the total cryptocurrency market capitalization now stands at $2.6 trillion, down sharply from its $3.7 trillion peak late last year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are highly volatile and subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
