Bitcoin Bounces Back to $84K, But Market Jitters Persist Ahead of Uncertain Weekend

Bitcoin (BTC) rebounded to $84,000 on Friday morning in U.S. trading after tumbling to $78,000 overnight. However, despite this partial recovery, BTC remains down over 15% in the past week, reflecting ongoing market anxiety.

Sentiment indicators highlight the fear gripping investors. The Crypto Fear & Greed Index plunged to 10 overnight—a level last seen during the 2022 crypto winter. Though it has since ticked up to 16, it remains well within “extreme fear” territory. Just a week ago, the index stood at 55 (“greed”), and it hasn’t touched the “extreme greed” threshold (above 75) since Trump’s inauguration.

The broader CoinDesk 20 Index also remains under pressure, down 2% over the past 24 hours. Among major cryptocurrencies, Solana (SOL) stands out, gaining 5% after the CME Group announced SOL futures set to launch on March 17. Still, Solana is down 36% this month, showing just how deep the current correction runs.

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Traders Brace for Weekend Volatility as Tariff Concerns Mount

Traditional financial markets take weekends off, but crypto trades 24/7, exposing it to unique volatility risks. Lately, weekends have been unkind to bitcoin, with several seeing sharp declines.

Standard Chartered analyst Geoff Kendrick recently warned that Bitcoin’s weekend price action has skewed bearish for months. While last weekend offered a slight relief rally, prior weekends have seen persistent selling pressure.

This time, the biggest concern revolves around President Trump’s aggressive trade policy. His administration confirmed that new tariffs—25% on Mexico and Canada, 10% on China—will go into effect on Tuesday. Investors are questioning whether markets have already priced in this geopolitical risk or if another leg down is coming.

However, some contrarians see a potential short squeeze brewing. If diplomatic negotiations ease tariff concerns, markets could reverse course, catching overleveraged bears off guard. Given that both stocks and crypto have sold off heavily this week, any sign of relief could spark a sharp recovery.

With uncertainty running high, this weekend could bring serious fireworks in the crypto market.

Fasten your seatbelts.