Digital assets are nursing losses amid an upheaval in global markets sparked by Chinese artificial intelligence startup DeepSeek, a selloff that raises questions about the crypto outlook after last year’s boom.
Despite recent pro-crypto moves by the Trump administration, short-term enthusiasm for the digital asset remains uncertain.
Crypto is in a cooling period after running to a new record last week and was pulled lower by the DeepSeek-driven sell-off in tech stocks.
Closely-watched crypto trader Arthur Hayes has warned of a looming "financial crisis" that he expects to unleash fresh Federal Reserve stimulus
Bitcoin derivatives metrics remained stable despite the $7,320 price drop to $97,754, suggesting that whales and arbitrage desks were prepared for the downturn. However, stablecoin metrics from Chinese markets indicate that cryptocurrency demand in the region remains subdued.
Inflows to crypto products hovered around $2 billion for the second week in a row, with Bitcoin seeing more than 80% of those inbound funds.
Bitcoin Jesus and a Maryland lawyer's criminal indictments provide insight into how cryptocurrency is becoming more prominent in criminal tax enforcement.
That's not confirmed, but it's the fear of the market today and fear and uncertainty aren't things the market likes. Tech has fueled a lot of the market's gains over the past two years so it's no surprise it will fuel its fall as well.
KILL DEVIL HILLS, N.C. (WITN) - Police in one Eastern Carolina town are warning people to stay away from a device at gas stations that can be used to scam people. Kitty Hawk Police posted on Facebook, saying they stopped a woman Monday from putting $9,000 into a Bitcoin ATM.
El bitcóin y otras criptomonedas cayeron cuando la aparición de un nuevo modelo chino de inteligencia artificial desencadenó una venta masiva global de activos de mayor riesgo.
Leading cryptocurrencies pared early losses on Monday as DeepSeek concerns weighed on risk-on markets. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) –0.22% $102,161.99 Ethereum (CRYPTO: ETH) -1.