Viewpoint: Under the influence of FOMC's pessimistic expectations, cryptocurrencies enter risk-averse mode

Odaily News Bitcoin has fallen below $100,000 amid heightened bearish sentiment and growing macroeconomic uncertainty ahead of Wednesday’s FOMC meeting. Meanwhile, a breakthrough in China’s DeepSeek artificial intelligence technology has disrupted tech markets, also sparking risk-off behavior and boosting safe-haven demand.
The cryptocurrency market entered risk-off mode at the start of this week, with Bitcoin falling below the $100,000 mark for the first time since January 16. Macroeconomic unease continues to grow ahead of the Federal Open Market Committee meeting on Thursday. Paul Howard, senior director of Wincent, said: "The market sell-off was driven by news from the DeepSeek AI model, and some predict that market prices will fall even further in the coming weeks, especially if macro data show rising interest rates in the future." (TheBlock)