Bitcoin falls below $100K for
the first time under Trump
presidency
The rise of the Chinese Al model DeepSeek has rattled global markets as the crypto market sees $864 million in 24-hour liquidations. Bitcoin fell below $100,000 for the first time since US President Donald Trump took office on Jan. 20, as global markets reacted to rising competition in the Al sector and shifting monetary policies
The world's largest cryptocurrency by market capitalization dropped to as low as $98,046 on Jan. 27
Where the Demand Comes From as Bitcoin Breaks Through $82K: Arbab Asim
As bitcoin hits new highs, it's helpful to examine the data to understand where the demand is coming from.
Last week, bitcoin rallied 17%, its second-best week of the year. Bitcoin's spot volume on Coinbase soared, nearing the March 2024 high. Exchange balances for the largest cryptocurrency hit a year-to-date low, a sign of increased buying pressure, according to Glassnode data.