Bitcoin and broader crypto markets are gaining on Friday after sharply declining alongside traditional markets Thursday.

The cryptocurrency market experienced significant volatility this week, influenced heavily by external macroeconomic factors. After a noticeable decline on Thursday, Bitcoin and other cryptocurrencies started to recover on Friday, responding positively to the announcement of a 90-day pause on new tariffs—excluding those on China—made by President Trump. Solana (SOL) and Dogecoin (DOGE) were at the forefront of this recovery, with both assets rising over 4%. Other major cryptocurrencies like XRP, BNB, and Tron also saw gains ranging between 2% and 3%. Meanwhile, Ethereum (ETH) continued its downward trajectory, reporting a 2.4% decrease, which extends its losses to approximately 12% over the past week. Market analysts like Ming Wu, the CEO of RabbitX, referred to this market movement as a 'U-turn,' suggesting that the tariff pause injected optimism into the markets. This sentiment was echoed by Ryan Lee, chief analyst at Bitget Research, who highlighted Bitcoin's recovery above the $80K mark. Both analysts warned, however, about the precarious nature of this recovery, stating that sustainability hinges on future macroeconomic clarity and technical strengths. The uncertainty around institutional demand and potential volatility suggests a cautious approach for traders, as the dynamics of the tariffs and broader economic signals continue to play a pivotal role. In essence, while the immediate outlook appears bullish, particularly with the potential push towards $100,000 for Bitcoin by the end of the year, the challenging market conditions urge traders to remain vigilant and responsive to changes in sentiment and economic indicators. This article has been analyzed and reviewed by artificial intelligence, providing insights based on recent data trends and expert opinions in the crypto market.