Bitcoin Price Drops Below $100,000 as Deepseek's AI Breakthrough Impacts Markets

The cryptocurrency market experienced significant turbulence over the past week, with Bitcoin price dropping below $100,000. This decline and major market events have brought bearish and bullish narratives to the forefront.

After experiencing a period of relative calm, the cryptocurrency market encountered significant turbulence during the past week, with प्रमुख cryptocurrency Bitcoin’s price dropping below the $100,000 mark. This decline, coupled with other major market events, has brought both bearish and bullish narratives to the forefront.

Deepseek's AI Breakthrough Impacts Markets

A primary factor driving Bitcoin's fall was a broader market sell-off, which was largely triggered by Chinese AI company Deepseek, which created a competitive product that rivals OpenAI's at a fraction of the cost. This innovation sparked bearish sentiment around Nvidia, a key player in the AI space, which led to a ripple effect across global markets, including cryptocurrencies.

Mass Liquidations Amid Market Decline

As Bitcoin's price fell, the market also experienced substantial liquidations. Within the past 24 hours:

MicroStrategy Strengthens Its Bitcoin Holdings

Amidst the market sentiment, MicroStrategy is continuing its aggressive Bitcoin strategy, with the following updates:

Bitcoin Spot ETFs See Record Inflows

Indicating strong institutional interest in Bitcoin, the following updates were reported on Bitcoin spot ETFs:

Arthur Hayes Predicts Short-Term Bitcoin Correction

In a stark short-term prediction for Bitcoin, former BitMEX CEO Arthur Hayes shared his perspective:

Upcoming Macro Events to Watch

This week, several macroeconomic developments are set to unfold, which could impact the crypto market:

Conclusion

As we approach the end of the week, the cryptocurrency market stands at a critical juncture. While bearish forces, such as the Deepseek-triggered market correction, have caused short-term disruptions, institutional interest through Bitcoin ETFs and Microstrategy's continued bullish stance highlights the growing adoption of digital assets. With key macroeconomic events and predictions of long-term growth, Bitcoin's path ahead will be shaped by a balance of volatility and opportunity.