What drives the bloodbath on the market that Arthur Hayes sees it in Bitcoin to $ 70,000 – DL News

Bitcoin price fell on Monday, and briefly decreased to a level below 100,000 dollars before recovering. Although restoration On an equal footing, the top cryptocurrency has been 4 % low over the past 24 hours amid investor concern on a wider scale.

Analysts have pointed to the uproar surrounding Deepseek, a Chinese emerging company in the field of artificial intelligence, and its model of artificial intelligence that works at a very reduced price compared to its competitors in the United States, including the Openai of the Ultman.

Carlos Joseman, an analyst at the GSR Currency Market DLL News Pushing China to artificial intelligence gave investors a pause on the evaluation of the sector and the priority of American companies in emerging markets.

“This market has considered a possible negative signal to evaluate the best American technology companies, especially NVIDIA, whose assessments reflected the artificial intelligence allowance,” said Joseman. DLL News.

Arthur Hayes, co -founder of Bitmex, expected that Bitcoin will turn towards a tremendous price correction, at least in the short term.

“I call for a value of $ 70,000 to $ 75,000 in Bitcoin, a small financial crisis, and the resumption of printing money that will send us to $ 250,000 by the end of the year,” said Hayes. He said On the tenth of Monday.

Hayes, the chief investment official in the MALSTROM Investment Fund, expected that Bitcoin would follow a similar pattern for price movements last year. His analysis expected that Bitcoin will reach a new peak in the first quarter of the year, followed by a summer stagnation and a return to the emerging market in the last half of the year.

Monday’s decline is the latest entry at the beginning of Bitcoin volatile for this year.

However, analysts say the assets Its price will double this year Even if investors have some pain in the short term.

Market tensions driven by artificial intelligence

Bitcoin fell on Monday Tracking the significant decrease in the American stock market Where technology companies witnessed a decrease in their stock prices.

The price of the giant NVIDIA chips has decreased by 11.4 % over the past 24 hours, amid a wider decline in technology shares.

“It seems clear that we are now in a fierce arms race for artificial intelligence,” said Sebastian Phaver, the administrative director of the Impossible Cloud Network. DLL News.

Although the negative market’s reaction to the artificial intelligence arising from China, cryptocurrency market analysts say digital assets will recover quickly.

According to Keven Rashr, founder of the real world asset coding platform, it is unlikely that market disturbances will damage the encrypted currencies for a longer period.

“It is possible that cryptocurrencies are one of the largest beneficiaries of growth in the field of artificial intelligence, from where it comes.” DLL News.

Osato Avan Numiu We are our Defi correspondent, based in Nigeria. It covers Defi and technology. I got secret information? Please contact it on osato@dlNews.com.