Bitcoin Dips Below $100,000 Amid Rising Caution in Market
Bitcoin plummeted below $100,000 on Monday, reaching its lowest value in 11 days at $98,852.17, marking a 6% decrease. According to analysts, the mark
Bitcoin plummeted below $100,000 on Monday, reaching its lowest value in 11 days at $98,852.17, marking a 6% decrease. According to analysts, the markets caution, triggered by the growing popularity of the Chinese AI model DeepSeek, caused a selloff in Western AIrelated equities. Since it challenges the dominance of Western corporations in the field, this change is being compared to AIs "Sputnik moment." A drop in Nasdaq futures and dissatisfaction with the Trump administrations delayed decisions about cryptocurrency further soured the market mood. Furthermore, riskier assets are adversely affected by worries of continuously high interest rates, which adds to the general pessimism in the cryptocurrency market.
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B2B Tech News | 9 days ago