Bitcoin (BTC) Price Index extended its four-day green streak

The Bitcoin Volmex Implied Volatility 30-Day Index extended its four-day green streak, reflecting heightened price swings as President Donald Trump's tariffs unsettled global markets.

The Bitcoin Volmex Implied Volatility 30-Day Index extended its four-day green streak on Friday, highlighting elevated price swings in the crypto market.

The Bitcoin Volmex (CVOL) 30-day implied volatility index extended its streak of four days. The crypto market saw heightened price swings as President Donald Trump’s tariffs on Canada sparked uneasiness in global markets.

The world’s largest cryptocurrency, Bitcoin (BTC), rose by 3% to reach $87,972 by 06:34 ET (10:34 GMT). This recovery pushed the total crypto market capitalization back above the $3 trillion mark.

After yesterday’s selloff, altcoins also showed modest recoveries. Notably, XRP reclaimed its position over Tether (USDT) while Solana (SOL) and Cardano (ADA) showed slight recovery from the selloff.

Coinbase (NASDAQ:COIN) saw gains of 3% as Bitcoin rose. Moreover, publicly traded Bitcoin holders like Strategy (NYSE:STRT) posted a 10% gain on Friday.

However, it remains to be seen whether Bitcoin can break through the $90,000 resistance level. Momentum had stalled by press time.

Still, analysts are largely expecting higher prices by the end of the year, although they anticipate more volatility and potentially deeper drawdowns in the near term.

Some institutions and analysts are placing year-end price targets for Bitcoin as high as $150,000 to $250,000 by 2026. For instance, Fundstrat’s Tom Lee has set a 2024 price target of $180,000 for Bitcoin.

Institutions like Standard Chartered also predict that Bitcoin could hit $250,000 by 2026.

However, in the short term, one analyst at Deep Value Signals anticipates that Bitcoin could decline another 24%, potentially falling below $70,000 to establish a cycle bottom.

Meanwhile, U.S. indices saw a mixed open on Friday. The Dow Jones Industrial Average and S&P 500 futures both showed slight gains. In contrast, Nasdaq 100 futures dipped slightly.

The NYSE Composite staggered as President Donald Trump’s administration threatened Canada with 25% tariffs on lumber and other goods. In response, Canada’s government said it would retaliate with similar policies on U.S. products.

Leading tech stocks Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT) had posted gains on Friday morning. However, these gains were largely wiped out after tensions flared between Trump and Canadian Prime Minister Justin Trudeau over trade policy.

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