With the decline of Nasdaq’s stock, Bitcoin fell below $ 98,000, and the risk aversion trend


Bitcoin is displayed on the screen, which shows the exchange rate of Bitcoin and the US dollar.

Fernando Gutta Valeis | Picture Alliance | Getty Picture Club

Cryptocurrencies have plummeted since the last week of January, the market is in a cooling period after a new record, and has decreased due to the selling of technology stocks promoted by DeepSeek.

Price Bitcoin According to Coin Metrics data, it fell 5% to $ 98,432.54. Earlier, it fell to $ 97,750.00. A wider cryptocurrency market, so as to Currency table 20 The index fell nearly 10%.

Nasdaq Futures Mood About 4%in the morning.

Shares Coin library and Micro -strategy The trading before the market fell 6% and 5%, respectively. Bitcoin miners who provide power for artificial intelligence companies have suffered more seriously. Core science Fall 18.5%, and Tyrahurf Lost 14% and IrenThe stock price of Iris Energy fell 10%.

Cryptocurrencies are facing the pressure of scientific and technological stocks. Chinese startup Deepseek said it may have created a competitive artificial intelligence model at a small part of cost, which has aroused people’s attention. Worried about the United States’ dominant position in the field of artificial intelligence And the expenditure of large technology companies in artificial intelligence models and data centers.

Geoff Kendrick of Standard Chartered Bank stated in a report on Monday: “So far, Nasdaq Futures has fallen by 3%(based on Deepseek messages), which leads to overnight digital asset liquidation.” “This relationship highlights the digital assets and the technology industry industry. The relationship between (and continuously strengthened) between (Bitcoin) and Nasdaq are still strong, far higher than the correlation with gold. “

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Draggled by DeepSeek stocks, Bitcoin fell below $ 100,000

Within the past 24 hours, Bitcoin’s multi -heading amount has exceeded 250 million US dollars. Based on coingeckoDue to the use of lever betting Bitcoin prices, traders who continue to rise will be forced to sell assets to make up for losses.

Prior to this sale, the market had a wide range of reactions to President Donald Trump. Administrative order about cryptocurrenciesReleased on Thursday afternoon, lack of news since then. Some cryptocurrency traders are disappointed by this Order It is not fully committed to establishing inventory, and some people do not care about “inventory” and reserves. (Although the latter will involve regular purchase of Bitcoin regularly, the inventory will not sell any bitcoin currently held by the US government at all.) New record Due to the expected administrative order, the price last week exceeded $ 109,000.

In the preliminary response of the market to the market’s preliminary response: “In the end, this will cause digital assets to face greater large selling risks. Whether the driving factor for selling comes from digital assets (in this example, Nasda is Nasda gram).” . “Nevertheless, at least the news of the Trump administration has been released, so the disappointment/confusion and the ‘hope stage’ have ended.”

Investors may also reduce their risks before the Federal Reserve Conference (scheduled to end Wednesday).

LMAX market strategist Joel Kruger said, “Investors want the Federal Reserve to tend to relax policies, but they are worried that the Fed will not be as pigeon as the market wants to see.” “The most important gain at present is to see the forest through trees. When we checked the bitcoin chart, the price trend did not see much. “

—CNBC’s Michael Bloom contributed a report.

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