Bitcoin (BTC) Climbs to $101K Ahead of FOMC Meeting

With 58.25% dominance, Bitcoin (BTC-USD) price has climbed above $101,000 in the crypto market due to improved buying sentiment.

Bitcoin (BTC) price showed signs of recovery on Tuesday as the market reacted to the latest DeepSeek impacts on tech stocks in major markets. The world’s largest digital asset rebounded from the negative effects.

Bitcoin price increased by 0.6% to reach $101,761 at the last check. In the past 24 hours, the most popular cryptocurrency’s 24-hour trading volume decreased by about 44% to reach $48.65 billion.

The global crypto market cap was still down by 1.39% in 24 hours to settle at $3.44 trillion as the general temperature in the crypto market weighed on asset pricing.

The total crypto market volume over the last 24 hours settled at $119.1 billion, which makes a 43.95% decrease.

Additionally, the total volume in DeFi is currently $8.07 billion at the last look on Tuesday, accounting for 6.78% of the total crypto market 24-hour volume.

The volume of all stable coins is now $107.44 billion, which is 90.21% of the total crypto market 24-hour volume.

Major digital assets were seen mixed early in the day on Tuesday with Bitcoin trading above the $101,000 level.

The CoinDesk Market Index, which tracks 124 digital assets, rose 1.9% over the past 24 hours. The Nasdaq 100 was up 1.8% in late trading, while the S&P 500 and the Dow Jones Industrial Average climbed 1% and 0.3%, respectively.

The impacts of DeepSeek on tech stocks in major markets were also observed. The Nasdaq Composite dropped on Monday as the latest impacts of DeepSeek on tech stocks became evident.

The five-year U.S. Treasury yield rose to 4.34% from 4.326% at Monday’s close, while the 10-year yield closed at 4.546%, up from Monday’s close of 4.526%.

Among other digital assets, the second-largest digital asset by market value, Ethereum lost 0.9% to reach $3,109. XRP added 3.3%, while Solana and BNB shed 2.6% and 0.9%, respectively.

Dogecoin lost 2.8%, and Cardano fell 0.6%.