Bitcoin, Ethereum Stabilize as Crypto Market Recovers

Despite a tumultuous week for global markets, the cryptocurrency sector showed signs of resilience, particularly with Bitcoin and Solana posting gains after a significant selloff. Bitcoin experienced a modest increase of 5% over the week, reflecting its ability to stabilize amidst stock market volatility, while Solana surged nearly 9.5% after a temporary dip below $98 due to escalating trade tensions. The market's recovery was bolstered by former President Trump's announcement of a 90-day tariff pause, which spurred a mini-rally among various cryptocurrencies. However, Ethereum struggled, witnessing a decline of 8.4% and fluctuating below key support levels. Analysts caution that while Bitcoin shows potential for a breakout above $84,000, overall market sentiment remains cautious due to ongoing tariff uncertainties and the broader economic landscape. The recent fluctuations have highlighted the contrasting dynamics within the crypto market, where traders are closely monitoring price movements and potential bullish trends.