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,

"Although the near-term remains choppy for Bitcoin, the long-term is becoming clearer by the day," Standard Chartered said.

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 seeing values fall more than 10%.