Bitcoin’s currency fell to less than 98,000 dollars in the movement of reluctance to risk with crushing Nasdak shares

The cryptocurrency declined to start the last week of January, as the market entered a calm period after it reached a new record and decreased due to the intensive sales led by Deepseek in technology shares.

price Bitcoin The currency decreased by 5 % to 98,432.54 dollars, according to Coin Metrics. Earlier, he decreased to a low level of 97,750.00 dollars. The broader market decreased encrypted, according to the Coindsk 20 index, by approximately 10 %.

The Nasdaq Stock Exchange’s futures decreased by 4% in early trading.

shares Queen Piece and Strategy 6% and 5%, respectively, decreased in pre -market trading. Bitcoin mining who support artificial intelligence projects have suffered deeper discounts. Basic scientific 18.5%decreased, while Terlif He lost 14% and IreneIris Energy, previously known as Iris Energy, decreased by 10%.

The cryptocurrency was under pressure from the defeat of technology shares. The emerging Chinese company Deepseek said it may have created a competitive model of artificial intelligence for a small part of the cost, which raised concerns about the United States’ domination of artificial intelligence and spending large technology on artificial intelligence models and data centers.

“The 3 % decrease today in NASDAC’s futures (in Deepseek), so far, has led to the liquidation of digital assets overnight,” said Jeff Kendrick of Standard Chartard in Monday. “This relationship sheds light on the continuous (enhanced) strong relationship between digital assets and the technology sector. [Bitcoin] It remains strongly associated with the Nasdak Stock Exchange, much more than its bond with gold. “

Bitcoin has seen more than $ 250 million of long liquidation operations over the past 24 hours, According to CoingeckoSince traders who used the financial leverage of betting that Bitcoin will continue to rise, they had to sell their assets to cover their losses.

The sale comes after a different response from the market to the executive order, which was widely expected by President Donald Trump on cryptocurrencies, which was issued on Thursday afternoon, and the lack of news since then. Some of the encrypted currencies were disappointed to request They were not fully committed to creating inventory, and some did not care about the “stock” language versus reserve. (While the latter may include bitcoin in regular installments, the inventory will simply sell any bitcoin coins currently maintained by the United States government.) Bitcoin has set a new record above $ 109,000 last week in anticipation of the executive.

“In the end, this led to making digital assets more vulnerable to severe sales operations, whether the sale engine came from digital assets or not (in this case Nasdak),” Kendrick said of the first market’s reaction to the matter. . “However, the Trump administration news at least exists, so disappointment/confusion and thus” the stage of hope “has ended.”

Investors may also give up risk before the Federal Reserve meeting this week, which is scheduled to end on Wednesday.

“Investors hope that the Federal Reserve will tend more to the facilitator, but they are afraid that the Federal Reserve will not be pessimistic as the market would like to see.” “The most important thing that can be learned now is to see the forest through trees. When we look at the bitcoin graph, there is nothing landmark about price movement.”

Michael Bloom of CNBC contributed to the reports.