"Bitcoin Drops Below $100K Amid China's Deepseek Threat"

Nidhi Kolhapur, a Certified Digital Marketing Executive and passionate crypto journalist, has been closely following the world of alternative currencies, sharing the latest and trending news on cryptocurrency and blockchain. In a recent analysis, Kolhapur discussed the potential impact of China's Deepseek technology on global markets and Bitcoin's (BTC) price.

Kolhapur noted that Bitcoin had dropped below $100,000, along with other risky assets, as concerns about China's Deepseek technology spread across global markets. She believes that Bitcoin's upward break is unlikely without the confirmation of a Strategic Bitcoin Reserve. Kolhapur pointed out that the Trump administration's evaluation for a 'national digital asset stockpile' was not enough to sustain bullishness in the market, at least in the near term.

Risk reversals suggest limited movement in Bitcoin's price until March, with the market not expecting much until the quarter ends. However, Kolhapur noted that with China's Deepseek tech challenging the US market, it would not be surprising if the Trump administration attempts to step in and intervene. This intervention could potentially impact Bitcoin's price and the broader cryptocurrency market.