Bitcoin Climbs, Solana Soars as Crypto Market Ends the Week on a Positive Note
The cryptocurrency market wrapped up a turbulent week on a high, bolstered by global economic shifts such as concerns over trade wars and a temporary halt in U.S. tariff policies. Bitcoin posted modest gains, while altcoins like Solana, Avalanche, and Hedera experienced sharp price swings before rebounding. Ethereum, in contrast, faced a significant setback and failed to recover alongside its peers.
Tariff Pause Sparks Short-Lived Rally
After global markets saw some indices fall to decade-long lows, the crypto space managed to recover by week’s end. Bitcoin rose by 2.1%, while Solana—currently the sixth-largest crypto by market cap—surged 9.5%, marking the second-highest gain among the top 20 cryptocurrencies.
Solana began the week trading just under $120, but a downturn sparked by trade war concerns dragged its price below $98 within 24 hours. A surprise announcement by U.S. President Donald Trump—implementing a 90-day pause on certain tariffs—triggered a brief rally, allowing Solana to recover its April 7 losses$SOL
The token dipped again to just below $110 before rebounding to a weekly peak of $130.72 on April 12 at around 10 a.m. EST. At that point, Solana’s weekly performance trailed Avalanche’s 12.8% gain but outpaced Hedera’s 6.6% increase
Both Avalanche and Hedera followed a similar price trajectory—steep drops due to the intensifying trade conflict, a brief recovery tied to the tariff pause, and another dip. Avalanche, which was trading slightly above $16 on April 9, rallied to a high of $20.54 by April 12 at 11 a.m. EST. Hedera also climbed from a low of $0.1435 to $0.1739 the same day and remained within that range for the next three days
