The Nasdaq and other major indexes rebounded on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday, regained more than 7% in the rebound.
Bitcoin briefly dipped below $100,000 early Monday as a global technology stock sell-off rattled markets to start the week.
The largest cryptocurrency by market capitalization was down 3.51% as of Monday morning, bringing its price to $101,295 apiece. That was a recovery from a low of about $97,900 earlier in the day.
Trump Media & Technology Group (DJT) (DJT) shares surged over 7% Wednesday morning after announcing plans to expand into financial services, including potential investments in Bitcoin and other cryptocurrencies.
Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year.
Following its Jan. 28-29 meeting, the Federal Open Market Committee (FOMC) decided to keep the benchmark federal funds rate at 4.25%-4.50%. The widely expected move marks the first time since last September that the central bank hasn’t lowered rates, as the fight to wrangle inflation to its 2% target continues.
DeepSeek is a wakeup call for AI companies like Nvidia, strategist says
Viraj Patel of Fiduciary Trust International breaks down Monday’s AI stock selloff on news of a Chinese artificial intelligence competitor
Bitcoin significantly boosted last week as President Donald Trump returned to the White House. Despite some market turbulence, overall sentiment among crypto enthusiasts remains largely bullish. As investors closely monitor political developments and their potential effects on digital assets, the performance of the crypto market is important to watch this week. Let’s take a look.
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Dion Motsinger