Bitcoin also continues to decline with stock market, learn here what is the reason behind this


The last week of January 2025 has started. This week is very important for the stock market as the stock market will open this week on Saturday. Actually, the stock mark will be open on 1 February 2025 due to Union Budget 2025 (Union Budget 2025).

If you pay attention to the stock market and cryptocurrency in this business, both are declining. Indian stock markets are falling due to FPI outflow and signs from the global market. However, this decline in bitcoin is coming due to Nasdaq Stock. We will tell you in detail below why bitcoin is declining.

Why is bitcoin declining?

On 27 January 2025 (Monday), there has been a huge decline in bitcoin. Apart from bitcoins, there is also selling in Riskier Assets. The selling is due to China’s new Artificial Intelligence (AI) model. The XRP and Solan, called small cryptocurrency, declined by 9 per cent on the previous day.

According to the Coin Matrix, the bitcoin price has fallen by 3 per cent to $ 100,776.81. However, the ongoing decline later came to $ 97,750.00. According to the Coindesk 20 index, Measard Cryptocurrency has fallen by 7 percent. On the other hand, Nasdaq saw a decline of about 3 percent.

What is Deepcik AI model

China’s Startup Deepsek has designed a compatible artificial intelligence model at a very low cost. This AI model has become a matter of concern for big tech companies. According to the market expert, due to deepcick, there can be tremendous selling in the shares of AI companies. Many companies have been shared since the deputy has been prepared at a low cost. On Monday, Dow Jones has fallen 1 percent, Nasdac 3 percent and S&P 2 percent.

Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.