✦ Bitcoin $BTC price declines below $98K as markets react to DeepSeek AI introduction:

The price of Bitcoin $BTC dropped to $97,754 as both crypto and stock markets reacted to the launch of DeepSeek, a new AI competitor from China akin to ChatGPT. On January 27, Bitcoin $BTC ($BTC) saw a notable 7% decline, falling below the $98,000 mark for the first time in over ten days. This drop has led traders to wonder if the bullish trend is waning, as Bitcoin $BTC struggles to regain the crucial $100,000 support level. Despite the $7,320 price decrease, Bitcoin $BTC derivatives metrics remained steady, indicating that major investors were anticipating this downturn. However, demand for cryptocurrency in China appears to be lackluster, as reflected in stablecoin metrics. The Bitcoin $BTC futures premium, which indicates leverage demand, remains neutral, with levels above 5% signaling optimism.