#MarketPullback

On January 27, 2025, Bitcoin dropped to an 11-day low, trading around $98,852.17, marking a 6% daily decline. This downturn was attributed to cautious sentiment following the unveiling of a new artificial intelligence model from China, which triggered a sell-off in AI-related stocks in Western markets. (Reuters)

Additionally, expectations that the U.S. Federal Reserve would maintain higher interest rates for an extended period contributed to the pullback. Analysts also noted that profit-taking ahead of the Federal Open Market Committee meeting impacted digital asset prices. (Barron’s)

Despite this correction, Bitcoin remained above the $100,000 mark for most of the prior week, following its record high of $109,000 on January 20, 2025. (FXStreet)

These fluctuations underscore the volatility of the cryptocurrency market and highlight the influence of global economic factors on Bitcoin’s value.