Risk assets are affected amid widespread falls on Wall Street due to the break in the hegemony of Open AI. In this context, investors’ doubts about the Trump administration continue.
The cryptocurrencies start the week with sharp falls, highlighting the decline of Bitcoin, which falls below US$100,000 for the first time since Donald Trump took office as president of the United States. In this way, the market leader lost 5.4% in the last 24 hours and stands at US$99,183, a two-week low.
Added to the uncertainty generated by Trump’s policies on the future of cryptocurrencies is the emergence of a new technological offer from China. The startup DeepSeek launched a highly competitive artificial intelligence model against OpenAIgenerating concern in the markets due to its impact on American leadership in the technology sector.
Another factor that weighs on the market is the next meeting of the Federal Reserve (Fed), scheduled for this Wednesday, January 29. Although the central bank is expected keep interest rates unchangedinvestors are attentive to the tone that the Fed will adopt after Trump takes office.
The doubts after Trump’s inauguration
The president’s executive order, which mentions the need for better regulations for cryptocurrencies and a possible national reserve of digital assets, It does not explicitly mention Bitcoin. This raised skepticism about whether he will actually follow through on his promise to support the creation of such a reserve.
The rest of the cryptocurrency market also suffers significant losses with drops of up to 14% led by SUI, followed by Hedera (-12.8%), Avalanche (-12.3%) and Stellar (-11.4%). This context reflects the increasing pressure on risk assets in a scenario marked by economic uncertainty and global technological competition.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
