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.

Bitcoin is trading at 98,500, having lost over 6% in the last seven days. The cryptocurrency market is in no hurry to recover. Trading near $3.3 trillion in capitalisation, the crypto market is consolidating at a lower level. Before that, there was consolidation near $3.5 trillion, and a fortnight ago, it was just below $3.8 trillion.

The cryptocurrency market has collapsed again under the influence of political decisions, including the price of Bitcoin. Total losses of investors are estimated at tens of billions of dollars. Read about why the cryptocurrency market collapsed,