✦ Price analysis reveals market shifts for SPX, DXY, $BTC, $ETH, $XRP, $SOL, $BNB, $DOGE, $ADA, $LINK:

Recent market activity shows Bitcoin $BTC and various altcoins experiencing significant declines as traders sought to minimize risk following the launch of the DeepSeek AI application. On January 27, Bitcoin $BTC ($BTC) fell below $98,000 but has since rebounded, approaching the critical $100,000 mark. This decline was influenced by the emergence of the DeepSeek AI app from China, raising concerns about increased competition in the AI field. Despite the lack of direct correlation with cryptocurrencies, this led to $864 million in liquidations across crypto markets within a single day. BitMEX co-founder Arthur Hayes warned of a potential correction for Bitcoin $BTC but suggested a recovery could see the price reaching $250,000 by year-end if money printing resumes. Traders are keenly awaiting the Federal Open Market Committee meeting on January 28-29, where the Fed is anticipated to halt rate cuts.