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At 9:05 AM GMT-5 on January 27, 2025, Bitcoin (BTC) was trading at $100,546.38, showing a sharp decline of 4.14%, or a drop of $4,345.95 from the previous day’s close. This price represents a notable fall below the $100,000 threshold, marking a new level not seen since US President Donald Trump took office.
Bitcoin reached as low as $97,906.98 earlier in the day, within a day’s trading range between $97,906.98 and $103,183.80. This decline comes amid growing concerns over increased competition in the AI sector, with China-based AI app DeepSeek gaining prominence and rattling investor sentiment.
The drop in Bitcoin’s value follows global market uncertainties and investor caution, exacerbated by the broader volatility in the US AI market and expectations for a more hawkish stance from the Federal Reserve. These developments have led to a flight to safer assets, causing a broader market selloff.
Bitcoin’s market cap stands at approximately $1.992 trillion, with a circulating supply of 19.82 million BTC. The 24-hour trading volume was recorded at $66.03 billion, indicating active trading despite the falling price.
Disclaimer: This article is based on available trading data and does not provide financial advice.