The recent 6.5% decline in the value of bitcoin to $ 97,906 was caused by a general downturn in the crypto market and the stock market after news of Chinese artificial intelligence DeepSeek. However, the industry leader later regained its position, exceeding the $ 100,000 mark.
Bitfinex analysts note that the current situation indicates a strong dependence of bitcoin on macroeconomic factors. They believe that the cryptocurrency is no longer an asset that moves independently of global financial processes, but has become part of the broader risk asset market.
For his part, BitMEX co-founder Arthur Hayes suggests that bitcoin may fall back to the $ 70,000−75,000 range. However, he believes that this is only a temporary downturn that could cause a «small financial crisis,» after which massive money printing will push bitcoin to $ 250,000 by the end of 2025.