#what happened to market suddenly .

The cryptocurrency market sometimes exhibits higher volatility compared to the Nasdaq index. On Monday, the cryptocurrency market decreased by 6.5% to reach $3.38 trillion, while the Nasdaq100 was down 2.5%. This was due to the emergence of the startup DeepSleek with its free AI. These concerns were heightened with the anticipation of this week's Fed meeting and profit-taking following crypto-related orders from President Trump.

Bitcoin fell 6.5% below $98,000 in early European trading. The price is testing its 50-day moving average again after spending 10 days above that level. If the market does not see a quick recovery and the sell-off continues, the next key support will be the $93,000 area - the lower end of the trading range of the last nine weeks and 61.8% of the rally since early November.