As markets wrapped up Friday trading, Bitcoin, which briefly slipped below $105,000 earlier in the day, is showing signs of recovery, hovering near $113,000 by evening. The rebound came after investors reacted to fresh U.S.–China trade tensions that initially sent crypto and equity markets tumbling.
The slide followed President Donald Trump’s announcement of a 100% tariff hike on Chinese exports and new restrictions on what he called “critical software,” a move seen as retaliation to China’s limits on rare earth mineral exports. While the escalation rattled Wall Street, Bitcoin’s quick bounce suggests traders are treating the dip as an opportunity rather than a panic signal.
Analysts say the synchronized movement between digital assets and traditional markets highlights how macro events are increasingly shaping crypto sentiment. Ethereum also recovered part of its earlier losses, trading near $3,650 after briefly dropping almost 6%.
For now, the crypto market appears to be stabilizing, but with global trade uncertainty still in play, volatility could return as Asian markets open over the weekend.
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