Bitcoin Surges as DeepSeek Panic Eases

Bitcoin Rebounds as DeepSeek Panic Subsides

• Bitcoin briefly exceeded $102,000, recovering from weekend volatility.
• The cryptocurrency remains 6.5% below its January 20 peak of $109,000.
• Dogecoin rose by 2.6% to $0.33 after a poor performance on Monday.
• BNB and XRP increased by 3.6% and 3.2%, respectively.
• NVIDIA lost $600 billion in market cap amid DeepSeek’s rise, impacting the U.S. tech sector.

Bitcoin’s price recovery above $102,000 follows a turbulent weekend influenced by AI firm DeepSeek’s announcements, despite remaining below its recent high of $109,000. Meanwhile, NVIDIA experienced a historic market cap loss due to DeepSeek’s growing influence.