Bitcoin Resilient at $102,758 Despite NASDAQ’s 3% Drop
The NASDAQ dropped 3% due to China's AI model, DeepSeek, impacting US chipmakers, while Bitcoin's price dipped to $97,777 but has since recovered above $100,000.
Bitcoin Resilience Amid Market Turbulence
- Bitcoin is currently trading at $102,758, up approximately $5,000 from its low.
- The S&P 500 fell by 1.5% in the same period.
- Investor sentiment differs: the Fear & Greed Index shows the stock market at 44/100 (fear) and the crypto market at 72/100 (greed).
- Experts view the recent BTC dip as a buying opportunity, with insights suggesting it remains early in its parabolic phase.
Potential for Further Gains
- Analysts speculate that Bitcoin may peak at $400,000 by November 2025.
- Projections indicate potential highs of $249,000 under the Trump administration and $1.5 million by 2035.
- Current Bitcoin price reflects a 1.1% increase over the last 24 hours.