The past week saw numerous significant shifts in the cryptocurrency market. Key events included news from China, the Fed's decision, and movements of major digital assets.
Crypto Market Amid Chinese News
Early in the week, the Chinese company DeepSeek made headlines by announcing an AI product competitive with ChatGPT. This elicited reactions not only in the tech sector but also in the crypto market, leading Bitcoin to drop to a multi-week low below $98,000.
Reactions to Fed Decision and Market Moves
Following the US Federal Reserve's meeting, where the decision was made to keep interest rates unchanged, Bitcoin fell by $1,500. However, by Thursday, the asset rebounded to $106,500, despite subsequent fluctuations.
Weekly Altcoin Overview
Altcoins also experienced corrections, but OM stood out with a 50% increase. Meanwhile, coins like SOL, DOGE, and SHIB showed significant declines, with SOL losing 11% of its value following the TRUMP token frenzy.
The week brought unexpected turns in the crypto market, driven by international news and regulatory decisions. Investors continue to watch all changes that could influence price dynamics with great interest.
