Ethereum (ETH) is down 8% on Friday following rising selling activity in the crypto market after Chinese artificial intelligence startup DeepSeek went live. The top altcoin could be on the verge of validating a move that could send its price crashing over 25%. However, whales and derivatives traders remain optimistic, slowly buying the dip.
Bitcoin’s price dipped as low as $98,500 on Monday, its lowest in 12 days since January 15. On-chain data trends show how whale investors’ strategic moves after Donald Trump’s inauguration may have triggered the crypto market crash.
Bitcoin (BTC) corrects below the $100,000 milestone on Monday, slipping nearly 10% from its all-time high of $109,558 reached on January 20. The largest cryptocurrency by market capitalization has declined to a low of $97,777, even as institutional investors remain bullish on Bitcoin.