Bitcoin (BTC) dropped below $100,000 amid market pressures from the rise of DeepSeek, a Chinese AI startup. This downturn raised fears about China's impact on the chip market, causing turbulence across financial sectors. With Bitcoin later recovering to $103,300, analysts note that its fate may align with traditional markets and AI development costs. While some see potential for further declines, others emphasize Bitcoin's solid fundamentals, citing increased institutional interest as a critical factor for long-term investment viability.
Bitcoin's significant decline below $100,000 was influenced by the emergence of the Chinese AI startup DeepSeek, raising concerns over market stability.
Despite the recent volatility, Bitcoin's fundamentals show strength with rising institutional adoption, suggesting it remains appealing for long-term investors.
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