Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Bitcoin edged higher on Friday, adding to strong weekly gains after earlier optimism that U.S. President Donald Trump may soften his stance on trade tariffs. However, investors remained cautious due to conflicting signals around potential U.S.-China negotiations, limiting upside momentum in recent sessions.
As of 02:23 ET (06:23 GMT):
- Bitcoin rose 0.8% to $93,269.3
- The cryptocurrency is set to end the week up nearly 10%, having briefly surpassed $94,000 on Wednesday for its highest level since early March
Trade Hopes Fuel Midweek Rally
Bitcoin’s sharp rally earlier this week was sparked by Trump’s decision to backtrack on threats to dismiss Federal Reserve Chair Jerome Powell and his signals of a possible easing of U.S. tariffs on China. Market sentiment also improved after confirmation that the U.S. and Japan will begin a second round of tariff talks from April 30 to May 2.
Caution Returns Amid Conflicting Signals
Despite these developments, sentiment cooled in the past two days:
- China’s Commerce Ministry said Thursday that no official trade talks had taken place with Washington
- President Trump, however, insisted that discussions were underway
- A Bloomberg report on Friday added a new twist, noting that Beijing is weighing exemptions for some U.S. goods from its 125% import tariffs — a possible de-escalation signal, though unconfirmed
The conflicting narratives have led to range-bound trading in Bitcoin since Wednesday, as traders assess geopolitical risks and the potential impact on global markets.
Broader Crypto Market
Despite Bitcoin’s cautious tone, altcoins saw broader gains, buoyed by hopes of easing global trade friction:
- Ethereum held steady at $1,769.57
- XRP added 1% to $2.1868
- Solana climbed 2.7%
- Cardano advanced 4.4%
- Polygon surged 11%
Among meme tokens:
- Dogecoin jumped 4.2%
- $TRUMP token slipped 1%
Outlook:
While Bitcoin remains on solid footing for the week, the outlook depends heavily on concrete progress in global trade talks and continued clarity from the Fed. As always with crypto markets, any geopolitical escalation or surprise policy shifts could trigger sharp volatility — both to the upside and downside.
