​Dogecoin and Solana Outperform as Market Eyes Potential Upside​

Crypto Markets Rally After Trump’s Tariff Pause, SOL and DOGE Lead Gains

Bitcoin and major altcoins staged a recovery on Friday, bouncing back from a rough Thursday, fueled by President Trump’s unexpected 90-day pause on new tariffs — a move that provided a temporary boost to market sentiment, despite leaving tariffs on China unchanged.

Solana (SOL) and Dogecoin (DOGE) emerged as the biggest gainers, rising more than 4% over the past 24 hours. XRP, BNB, and TRX followed with modest 2%-3% increases. In contrast, Ether (ETH) continued its downward trajectory, slipping another 2.4% to extend its losses to 12% over the last week.

The announcement of the tariff pause triggered an initial rally in risk assets, but the relief was short-lived as markets pulled back on Thursday. However, Friday’s rebound suggests renewed optimism, with some analysts noting that bitcoin may be nearing a bottom and setting the stage for a push toward $100,000 by year-end.

“The tariff pause temporarily reduced volatility, driving crypto implied volatilities lower and sparking renewed investor interest,” one analyst said. “While there’s still caution, the rise in December $100K calls signals long-term bullish sentiment.”

Ming Wu, CEO of RabbitX, called the announcement a market “game-changer.” “Trump’s move has given markets a chance to catch their breath while keeping China in check. This pause injects optimism, and traders are now refocusing on technicals,” he said in a message to CoinDesk.

Wu pointed out that the tariff pause coincided with oversold conditions, prompting a sharp short squeeze off key support levels. “We saw a bounce in many assets after the announcement, fueled by technical positioning,” he added.

Ryan Lee, Chief Analyst at Bitget Research, noted bitcoin’s strong 6% rally, reclaiming the $80K level. “Institutional interest remains high, and long-term holders are stepping in as BTC continues to act as a hedge in the current market environment,” Lee said.

Looking ahead, Lee sees $80K as a critical level to watch, with a potential range between $80K and $85K in the short term. “If risk appetite holds, BTC could push toward $85K. If uncertainty resurfaces, we may see a pullback to $78K.”

As markets digest the latest tariff news and macroeconomic developments, crypto traders are keeping a close eye on potential trade policy shifts and their impact on the broader market.

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