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.

Bitcoin price took another hit as Trump’s trade war intensified, disturbing global markets. As inflation and political uncertainty were already weighing on investors, this latest development added more pressure.

The uncertainty plaguing markets could weigh on the largest cryptocurrency, with investors likely to pivot away from riskier assets.

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.

Cryptocurrency prices slid on Monday as the risk of a trade war spooked investors and caused a selloff across financial markets.

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

Fears of a global trade war sparked a sell-off of major cryptocurrencies on Monday, impacting mainstream and meme coins alike. Cryptocurrency investors are waking up to a bloodbath this morning. As of the time of this writing,