Bitcoin Recovers After U.S. Tech Selloff Hits Cryptos — Market Talk

Bitcoin recovers, rising back above the key $100,000 level after a U.S. tech selloff hit cryptocurrencies Monday. Chinese startup DeepSeek's new artificial intelligence model raised doubts over America's dominance in the industry. This wiped more than $1 trillion off the tech-heavy Nasdaq index at one point Monday. "Bitcoin remains strongly correlated to Nasdaq, much more so than it does to gold," Standard Chartered digital assets analyst Geoffrey Kendrick says in a note. Bitcoin rises 1.3% to $102,704 after falling to a one-and-a-half-week low of $97,810 Monday, according to LSEG. ([email protected])