Bitcoin (BTC) experienced a sharp decline from $105,000 to below $99,000. This drop occurred as traders decided to take profits before the forthcoming FOMC meeting. In addition, the decline was partially influenced by DeepSeek's AI advancements, which challenged the costly development narrative set by OpenAI.
The market drop was aligned with falling U.S. stock futures, particularly within tech sectors, signaling broader financial market reactions to both the FOMC meeting and technological innovations.