Bitcoin Plummets Below $100,000, Hits 11-Day Low Amid Market Caution
Bitcoin fell below $100,000 on Monday, reaching its lowest level in 11 days at $98,852.17, down 6% on the day. This decline is attributed to a wave of caution on the markets, triggered by the rise of Chinese artificial intelligence startup DeepSeek, perceived as a threat to Western companies in this sector.
Technology markets recorded significant losses, also impacting digital assets like Bitcoin. The prospect of prolonged high interest rates has amplified this pressure on risky assets, complicating Bitcoin's recovery.
Recent announcements regarding cryptocurrency regulation have also reinforced uncertainty, limiting investor enthusiasm for digital assets.
