The crypto market managed to close the week in the green despite a stormy start, as Bitcoin edged up 2.1% and Solana surged with a 9.5% gain. This week’s turbulence was largely driven by mounting global trade tensions, but a surprise 90-day pause on some U.S. tariffs helped trigger a late rally across digital assets.
Also read: Is ETH Really Undervalued? Bitcoin Rallies 270% Since 2022 as Ethereum Stalls
Bitcoin remained relatively steady throughout the week, offering a modest gain. However, it was Solana that stole the spotlight. After beginning just under $120, SOL plunged below $98 amid trade war concerns, only to rebound sharply following President Trump’s tariff pause announcement. By April 12, Solana had soared to $130.72 before easing slightly, still posting a strong weekly gain.
Crypto Market Analysis
Avalanche (AVAX) and Hedera (HBAR) followed similar trajectories. AVAX dropped early in the week but rallied from just over $16 to reach $20.54. Hedera climbed from $0.1435 to $0.1739, holding steady for several days. Among the top 20 coins, AVAX recorded the highest weekly gain at 12.8%, edging out Solana.
Meanwhile, Ethereum (ETH) faced a rough week. The second-largest cryptocurrency by market cap slumped 8.4%, making it the worst performer among the top 20. On “Black Monday,” ETH plummeted to $1,431—its lowest price in over two years—and unlike its peers, it struggled to recover, failing to climb back above the $1,800 mark by week’s end.
The downward pressure on Ethereum has sparked concern even among longtime supporters. Analysts point to declining transaction volumes and low network activity as signs of waning interest. Some also worry that falling transaction fees could undermine Ethereum’s core economic model.
Lido’s staked Ether (STETH) and Toncoin (TON) followed ETH’s lead, posting weekly losses of 8.3% and 7.5%, respectively, rounding out the trio of top decliners in an otherwise bullish end to a volatile week.
As macroeconomic uncertainty lingers, investors will be watching closely to see if the market’s late-week momentum can carry over — or if this rally proves to be just a temporary reprieve.
