Bitcoin experienced a decline of almost 7%, falling below $98,000. This occurred amid a general decline in markets and a stronger U.S. dollar following the the launch of DeepSeek, a competitor to ChatGPT, which raised concerns about the future of the tech giants.

Despite this, the performance of the bitcoin derivatives market remains stable, indicating a lack of panic among professional traders. Technically, the price has returned to the range of $100000-109000, but this may be a only a corrective movement before a new wave of selling. Nevertheless, it is worth remember that there are no new fundamental grounds for a sell-off in the crypto-market. and the current decline in quotations can be caused, in all likelihood, only by the general strengthening of crypto-market. likely only due to the general strengthening of the US dollar. In this regard, it is worth closely follow the decision on the key rate and subsequent comments of the US Fed regarding the monetary policy.