Despite Bitcoin topping $100,000 this week, the world’s largest cryptocurrency has slipped below that critical threshold again, and is currently trading at a price near $97,200.

“This isn’t the first time we’ve seen such volatility, it won’t be the last, and it has largely come out in the wash already,” Charles Wayn, co-founder of Web3 infrastructure provider Galxe, told TheStreet Crypto.

Meanwhile, Ether’s price has risen to around $2,769, as Ethereum ETFs reached a record high of $1.5 billion in trades earlier this week.

Although trade tensions in recent days affected crypto prices, analysts believe the long-term market impacts will be subdued. “Ultimately, [tariffs are] just short-term noise,” Wayn said. “We are in the middle of the strongest crypto bull market the industry has likely seen to date, as the U.S president has introduced radical pro-crypto policies that will significantly strengthen sentiment over the medium to long-term.”

The Trump administration has signaled a strong desire to overhaul regulation of the crypto industry. On Tuesday, White House crypto czar David Sacks broadly detailed several steps the executive and legislative branches were pursuing to restore confidence in the sector.

“Trump has figured out that crypto is not a fleeting issue and it's a major economic driver,” Barry DiRaimondo told TheStreet Crypto. “You can take one of two positions: You can be afraid of it, or you can embrace it. I think [Trump’s] position is [the latter].”

In a show of confidence, Standard Chartered's Geoffrey Kendrick projects the world's leading cryptocurrency might hit $500,000 by 2028.