Crypto is in a cooling period after running to a new record last week and was pulled lower by the DeepSeek-driven sell-off in tech stocks.
Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks.
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Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.
El bitcóin y otras criptomonedas cayeron cuando la aparición de un nuevo modelo chino de inteligencia artificial desencadenó una venta masiva global de activos de mayor riesgo.
Bitcoin has sunk below $100K as analysts are calling for a sharp correction that could see it fall all the way to $70,000.
Bitcoin fell below $100,000 for the first time since US President Donald Trump took office on Jan. 20, as global markets reacted to rising competition in the AI sector and shifting monetary policies. The world’s largest cryptocurrency by market capitalization dropped to as low as $98,046 on Jan. 27.
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Bitcoin (BTC) edges below $100,000 support and falls nearly 4% at the time of writing on Monday after hitting a new all-time high of $109,588 the previous week. The recent price decline has triggered a wave of liquidations across the crypto market, resulting in $860.55 million in total liquidations in the last 24 hours.
Governments and institutions have increasingly accumulated Bitcoin, but individuals hold the majority of BTC supply, which underscores its decentralized ethos, according to Trezor.
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Bitcoin fell over 6.5% to below $98,000 as traders took profits after Trump’s executive order identified the crypto industry as vital for US innovation.