As the dust is settling for markets after a week of wild market swings, the fallout for cryptos is mixed. Bitcoin was trading up 1.3% early Thursday to $98,700, now fully recovered from Monday’s selloff—during which it plummeted to a seven-day low of $91,

“A tidal wave of fear, uncertainty and doubt (FUD) has been unleashed across the cryptocurrency market after U.S. president Donald Trump’s Friday tariff announcement,” Petr Kozyakov, chief executive crypto payment platform Mercuryo, said in emailed comments.

Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets and President Donald Trump’s own meme coin taking