The prices of bitcoin and cryptography have dropped sharply, diving with a stock market sale triggered by the growing popularity of the artificial intelligence application based in China Deepseek.
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The price of Bitcoin dropped less than $ 100,000 per Bitcoin, down compared to a summit of almost $ 110,000 inauguration of US President Donald Trump (despite the director general of Major Bitcoin and Crypto Exchange Coinbase predicting When the price of bitcoin could return $ 18 billion in Gold). .
Now, while Larry Fink de Blackrock reveals his discussions with sovereign funds on the purchase of Bitcoin, the crypto trader closely watched Arthur Hayes warned against a “financial crisis” which expects to trigger new measures of stimulation of the federal reserve.
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The president of the federal reserve, Jerome Powell, was warned of a “financial crisis” which could crash … (+)
“I call a correction of $ 70,000 to $ 75,000 in Bitcoin (and) a financial mini-crise,” said Hayes, co-founder of Bitcoin and Crypto Pionex Bitmex derivatives which then set up the fund Maelstrom investment, published on X.
Bitcoin exceeded $ 70,000 on the back of Donald Trump’s electoral victory in November while merchants are betting on Trump stimulating the growth of bitcoin and crypto.
Last week, Trump followed his campaign promises to revise the cryptography policy, one of the priorities of his administration, commanding the creation of a Bitcoin and Crypto-Monnaie working group responsible for offering new regulations and D ‘Explore the creation of a stock of national cryptocurrency.
The Bitcoin Price is Closely Correlated to the Us Stock Market, With Bitcoin and Crypto Trading in Line with High-Growth Tech Stocks that has overdue to the rush into artificial intelligence since 2022 but now look at risk as deepseek achieves performance similar openai’s fewer chip requirements.
“The risk is the theme that Deepseek is scary to investors,” said market analyst Adam Kobeissi on X, pointing to the sale of Crypto and Bitcoin prices which saw the rival of Ethereum Solana at 10%.
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The price of bitcoin has reached a summit of all time this year, although the fears have emerged a bitcoin … (+)
“The term contracts on the Nasdaq 100 have now been down -330 points since the market opened just a few hours ago while Deepseek takes # 1 on the App Store. Published.
This week, the federal reserve should largely leave the outstanding interest rates during his meeting for his first political meeting since Trump took office on Wednesday, although Trump said that he wanted the Fed to reduce rates of ‘interest.
“With the drop in oil prices, I will ask that interest rates drop immediately, and they should also drop all over the world,” Trump told the participants of the Economic Forum last week.
However, Hayes said he thought that the Fed would resume “the impression of money that would send (the Bitcoin price) to $ 250,000 by the end of the year”.
The American debt has skyrocketed in recent years, over 34 billions of dollars at the beginning of 2024, with recovery measures coche and locking contributing to massive government expenses and helping to send uncontrollable inflation in 2022.
Inflation of more than 10% has forced the federal reserve to increase interest rates to a historic clip, having the payments of debt interests and fueling the fears of a “death spiral” increase .
