$BTC $BTC The cryptocurrency market started the week in a downtrend. Bitcoin fell below the $100,000 level for the first time since January 16. This decline is seen to be related to macroeconomic concerns ahead of the Federal Open Market Committee (FOMC) meeting on Thursday and the impact of China-based research lab DeepSeek’s groundbreaking developments in the field of artificial intelligence on the technology sector.

Bitcoin, which lost more than 5% in the last 24 hours, triggered a wave of liquidations in long positions due to increasing selling pressure in the derivatives market. This situation further increased the uncertainty about the short-term direction of crypto assets. Experts