It was another action-packed week for Bitcoin, and the price of the coin is sitting comfortably above $100,000 again—despite substantial swings fueled by the news cycle.

CoinGecko shows that the biggest digital asset is currently sitting at $101,880 after a turbulent week. That’s a drop of nearly 3% over the past week.

Things started off rocky, with the crypto market taking a hit after Chinese artificial intelligence startup DeepSeek released a new open-source large language model late the previous week.

This powerful and much more cost-efficient model led tech investors to rapidly sell their stakes in American AI-related companies and crypto positions. At one point, Bitcoin was priced as low as $98,380 on Monday.

But it recovered fast, and the asset leapt back above the $100,000 mark after Federal Reserve Chair Jerome Powell hinted that another interest rate cut was possible if inflation continued to cool. His comments on banks Go to Source to See Full Article
Author: Mathew Di Salvo