#USConsumerConfidence

Recently, Bitcoin's price dipped below $100,000, reaching an eleven-day low of $98,852.17, a 6% decline from the previous day. Analysts attribute this downturn to a broader tech selloff triggered by the rise of Chinese AI company DeepSeek, raising concerns about Western dominance in the sector.

Additionally, market expectations that the Federal Reserve will maintain higher interest rates for a more extended period have contributed to the downturn. Analysts suggest that profit-taking ahead of the Federal Reserve's announcement on interest rates might be driving the sell-off.

Despite these challenges, some analysts remain optimistic about Bitcoin's performance in 2025, with forecasts pointing to a rally beyond $160,000, fueled by improving U.S. financial policies and institutional adoption. However, caution remains as profit-taking from 2024 gains could introduce periods of volatility.

Investors should monitor these developments closely, as Bitcoin's price remains sensitive to technological advancements, regulatory changes, and macroeconomic factors.