An upheaval in global markets sparked by Chinese artificial intelligence startup DeepSeek triggered volatility in digital assets, raising fresh questions about the outlook for crypto following last year’s boom in prices.

Bitcoin remains well supported above $100,000 as it eyes record highs, buoyed by reports that the new SEC leadership has established a task force to develop a framework for crypto assets. Pundits have long said regulatory clarity could pave the way for further price appreciation.

Wall Street's tech giants dragged US frontline indices on Monday after China's AI startup DeepSeek rattled Silicon Valley and hit the top of Apple’s App Store chart

The S&P 500 advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Technology Select Sector SPDR Fund (XLK) rose more than 2%, following a 4.9% loss on Monday. The Nasdaq Composite surged 2.03% to 19,733.59, following a 3.1% decline a day ago.

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Arthur Hayes, the founder of BitMEX and legendary high–risk crypto trader, has warned that Bitcoin’s current bull market faces a 60% probability of a sharp correction to $70,000 before potentially surging to $250,

BTC/USD has gained more than $5,000 since its local lows of $97,750 on Jan. 27, putting it firmly in contrast to both the S&P 500 and Nasdaq 100. These closed the latest trading session down 1.5% and 3%, respectively.

The past 24 hours have witnessed a significant sell-off in the technology sector, leading to a massive $920 billion wipe-out

Bitcoin rose above $100,000, recovering from a selloff triggered by DeepSeek’s rise in the AI space. Altcoins like XRP, Solana, and Dogecoin gained 4-5%. While Bitcoin’s short-term rebound is seen, market sentiment remains divided on its long-term trend.

Wall Street had a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.

Wall Street had a rough start to the week on concern that a cheap artificial intelligence -model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.

The S&P 500 fell 1.9 per cent. The Nasdaq 100 sank 3.2 per cent. The Dow Jones Industrial Average lost 0.2 per cent. A gauge of the “ Magnificent Seven” megacaps slid 2.9 per cent. The Russell 2000 slipped 0.8 per cent. Wall Street’s “fear gauge” — the VIX — soared the most since mid-December to almost 20.