Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.

Chinese AI startup DeepSeek's $6 million AI model has rattled global global markets, with experts warning it signals a major shift in AI competition.

AI-themed agents and memes took a thumping Monday, with stalwarts Virtuals Protocol (VIRTUALS), ai16z (AI16Z) and eliza (ELIZA) sliding as much as 30% as China's DeepSeek led to a reiteration of U.S. AI startup valuations.

The price of Bitcoin dipped below $98,000 after DeepSeek, a Chinese AI startup, threw a wrench into Big Tech's week of key earnings.

Despite recent pro-crypto moves by the Trump administration, short-term enthusiasm for the digital asset remains uncertain.

Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.

Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks.

Bitcoin fell below $100,000 for the first time since US President Donald Trump took office on Jan. 20, as global markets reacted to rising competition in the AI sector and shifting monetary policies. The world’s largest cryptocurrency by market capitalization dropped to as low as $98,046 on Jan. 27.

Bitcoin fell below the $100,000 level for the first time in a week on Monday, along with the tumble of tech stocks, as fears around Chinese startup DeepSeek's AI progress weighed on investors’ sentiment.

Bitcoin experienced a sharp retracement after multiple bullish events surrounding Trump’s inauguration propelled the crypto markets to euphoric highs. During the inauguration, Bitcoin briefly reached a new all-time high of $109,000 on January 20, before retreating to find support at the $105,000 level for most of the week.

Innovative technologies converge to address global energy needs, highlighting the potential of clean power solutions.

AI agent tokens AI16Z, ARC, GRIFFAIN led crypto market gains, buoyed by reports of a $500 billion private AI infrastructure investment deal orchestrated by Trump. Bitcoin posted 3% gain trading at $106,000 as the broader market awaits Trump's first crypto-specific policies.