{"id":62312,"date":"2025-01-27T09:22:13","date_gmt":"2025-01-27T14:22:13","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=62312"},"modified":"2025-01-27T09:22:13","modified_gmt":"2025-01-27T14:22:13","slug":"crypto-update-bitcoin-sees-sharp-decline-as-it-hits-98046-in-early-morning-trading","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-update-bitcoin-sees-sharp-decline-as-it-hits-98046-in-early-morning-trading\/62312\/","title":{"rendered":"Crypto update: Bitcoin sees sharp decline as it hits $98,046 in early morning trading"},"content":{"rendered":"<p>At 9:05 AM GMT-5 on January 27, 2025, <strong>Bitcoin (BTC)<\/strong> was trading at $100,546.38, showing a sharp decline of 4.14%, or a drop of $4,345.95 from the previous day\u2019s 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.<\/p>\n<p>Bitcoin reached as low as $97,906.98 earlier in the day, within a day\u2019s 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.<\/p>\n<p>The drop in Bitcoin\u2019s 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.<\/p>\n<p>Bitcoin\u2019s 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.<\/p>\n<p><strong>Disclaimer<\/strong>: This article is based on available trading data and does not provide financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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%,\u2026<\/p>\n","protected":false},"author":434,"featured_media":60341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[2658,3925,3926,24554,9322,22816,22811,3555,16809,360],"class_list":["post-62312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-ai","tag-bitcoin","tag-cryptocurrency","tag-deepseek","tag-federal-reserve","tag-market-volatility","tag-price-drop","tag-trading","tag-trump-presidency","tag-us-economy"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=62312"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/60341"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=62312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=62312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=62312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}