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,

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.

Bitcoin could top fresh records in the coming days, with prices soaring to as high $130,000 in the coming months, Standard Chartered wrote.

Despite Bitcoin topping $100,000 this week, the world’s largest cryptocurrency has slipped below that critical threshold again, and is currently trading at a price near $97,200. “This isn’t the first time we’ve seen such volatility,

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