Deutscher commented:"Pre-FOMC de-risking (this is very normal, especially in an environment where we’re extremely sensitive to rates/U.S.dollar/liquidity).” Related Reading: Crypto Experts Forecast Bitcoin Market Peak: Bear Market Could Emerge Within 3 Months Deutscher also speculated on whether Federal Reserve Chair Jerome Powell might adopt a softer stance, given the recent transition of the US presidency: "So… if stocks are already in panic mode, is Jerome Powell really going to come out super hawkish?
Idk… My prediction is that the pre-FOMC sell-off marks the local bottom.” #3 Lack Of New Price Catalyst After Trump’s Executive Order Market participants also cite a perceived vacuum of fresh bullish news following last week’s first-ever crypto executive order by President Donald Trump.
Why Is Bitcoin Down Today? #1 DeepSeek’s Surprise Impact On Tech Markets The primary driver behind the broader risk-off sentiment appears to be the emergence of DeepSeek, a Chinese artificial intelligence (AI) platform whose swift rise and cost-effectiveness have rattled US tech giants.
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