Bitcoin recovers to $ 102,000

After the fall of the crypto market caused by the announcements of the Chinese AI company DeepSeek, bitcoin BTC $67,515.03 Mezo Wrapped BTC 1.78% Market capitalization $38.26 million VOL. 24 hours $1.11 billion has recovered, reaching over $ 102,000. This comes after a weekend of market volatility that saw $ 860 million worth of assets liquidated. Currently, bitcoin is still 6.5% below its January high of $ 109,000.

Kronos Research analyst Dominic John explained that investors are reconsidering their strategies, focusing on the long-term impact of AI democratization on the market. Along with bitcoin, Dogecoin DOGE $0.10 Binance-Peg Dogecoin 0.42% Market capitalization $0.26 billion VOL. 24 hours $46.39 million grew by 2.6% to $ 0.33, and growth was also demonstrated by BNB $626.15 BNB 1.54% Market capitalization $85.38 billion VOL. 24 hours $68.39 million (3.6%) and XRP $1.44 XRP 2.09% Market capitalization $87.91 billion VOL. 24 hours $0.1 billion (3.2%).

The market’s reaction to DeepSeek was triggered by the launch of their open AI model Janus-Pro-7B, which offers an efficient approach to model training. The previous panic related to potential competition from DeepSeek led to a significant collapse in NVIDIA shares, which lost $ 600 billion in capitalization, causing a $ 1 trillion decline in the technology sector.

Analysts at Morgan Stanley believe that DeepSeek does not pose a threat to established players but offers an alternative approach to model training. Meanwhile, US President Donald Trump has called for a focus on innovation to remain competitive, calling the situation a «potential threat» to US dominance in the AI field.

Nevertheless, bitcoin’s recovery and positive market sentiment demonstrate the resilience of the cryptocurrency sector even amid geopolitical and technological challenges.