onday, the most popular cryptocurrency has fallen below $100,000 and faced its Bitcoin lowest price in 11 days. This recent change in the BTC value is
considered to be caused by the recent popularity of the Chinese artificial intelligence models which contributed to a sell-off in Western AI stocks.
Bitcoin is currently the biggest cryptocurrency worldwide, but in the past week has been struggling to maintain its BTC value after various Chinese AI models became the center of attention in the U.S. territory. It should be mentioned that the cryptocurrency has recorded its highest Bitcoin price after the recent U.S. presidential election which closed with Donald Trump as the next U.S. leader.
So, on Monday at 11:56 GMT, BTC value recorded a price of $98,852.17 which represents a 6% drop in BTC price. This represents Bitcoin's lowest price, after the recent BTC rise caused by the presidential election. Back then, the BTC value managed to double and also grew by more than 50% because Trump’s victory brought various crypto enthusiasts to the U.S. Congress.
It should be mentioned that various tech stocks have recorded declined because traders have concerns about the potential of DeepSeek, the Chinese AI startup. Many traders consider that DeepSeek represents a threat to Western companies and their dominance in the industry.
Simon Peters, the eToro analyst states that the BTC price issues are "seemingly driven by some risk-off sentiment circulating the markets currently due to DeepSeek,".
The global head of digital asset research from Standard Chartered, Geoffrey Kendrick stated that the expected Nasdaq drop is most likely to hurt the crypto industry, but the recent announcement made by the Trump administration about a potential cryptocurrency stockpile made digital assets more exposed to a sharp selloff.
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Even more so, after taking office last week, Donald Trump signed an executive order last Thursday that aims to create a working group in order to compose the new crypto regulations and explore the crypto stockpile.
It remains to be seen what cryptocurrency regulations will the new U.S. government demand. We don't know for sure if the BTC value will be more impacted but we advise you to stay tuned for more information and updates!
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