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.

Trader Notes: Despite the government’s announcement of a Crypto Task Force, Bitcoin prices continue to decline. Crypto Con highlighted that Bitcoin has spent 583 days—about 1.6 years—moving sideways this cycle, compared to just 175 days of meaningful upside.