Bitcoin fell below $ 98,000 by avoiding risk of NASDAQ shares

Cryptoasters have fallen in the last week of January, after the market reached the new record, the market started during the cooling period and decreased as a result of sales managed by Deepseek in technological stocks.

the price of the bitcoin According to the Coin Metrics, 5% decreased by $ 98,432.54. Previously fell down to $ 97,750.00. a wider market of crypters measured by Coindesk 20 The index decreased by about 10%.

Nasdaq futures They were low about 4% in early trade.

Shares Coinbase and Microprategy Premarket trading decreased by 6% and 5%, respectively. Bitcoin miners, which strengthen the AI ​​enterprises, were more deep cut. The main science and 18.5% decreased Teravulf 14% lost and IrrenePreviously known as Iris Energy, decreased by 10%.

Crypto was under the pressure of failure in technological shares. China Startapi DeepSeek said he could create a competitive artificial intelligence model for part of the value. Concerns about the advantage of the United States in artificial intelligence and spending large technology to artificial intelligence models and data centers.

“Today’s 3% decrease in NASDAQ futures (in DeepSeek news) has so far caused the cancellation of a digital asset,” said Geoff Kendrick Monday, from Standard Chartered. “This connection emphasizes the continuous strong (and intensified) connection between digital assets and technological sectors. (Bitcoin) remains stronger correlation with NASDAQ more than gold.”

Bitkoin has been canceled for more than $ 250 million in the last 24 hours. According to CoingeckoTraders who use leverage to bet that the price of Bitkoin will continue to increase, had to sell their assets to pay the losses.

Sales occurs after the Mixed response against the long-awaited response to the President Donald Tramp The executive order on cryptoIt was published on Thursday afternoon and has no news since then. Some cryptoic traders were disappointed order He did not completely undertake the creation of the reserve, and some did not pay attention to the “reserve” against the reserve. (Although the latter intended to be actively taken in part, the reserve fund will not sell anyone in the hands of the US government.) Bitkoin’s price has fallen. New record On the eve of the executive order, over $ 109,000 last week.

Kendrick said about the initial response of the market: “As a result, it has not yet faced the digital assets of the sale of the sales, no matter the risk of acute sales..” However, at least the Trump Administration News There is so there is a frustration / confusion and therefore the “stage of hope” ended. “

Investors can mock the federal reserve planned to end on Wednesday before this week’s meeting.

Market strategy in LMAX Joel Kruger, “Investors hope that the Fed will include a more discounted party, but they are afraid that the Fed wants to see the market,” he said. “The most important output is to see the forest among the trees. When we look at the graph of Bitcoin there is nothing on price movement.”

-CNBC helped to make Michael Bloom Report.