Bitcoin fell below $100,000 on Monday. It hit its lowest level in 11 days.

While a rally that saw it exceed $100,000 after the election of US President Donald Trump ran out of steam, the world's largest cryptocurrency struggled to make gains last week. At 1156 GMT, bitcoin was at $98,852.17, down around 6% on the day, after falling sharply in early trading to its lowest level since January 16. Analysts attribute the move to a wave of caution after the growing popularity of a Chinese artificial intelligence model caused Western stocks linked to artificial intelligence to fall. According to Simon Peters, an analyst at eToro, bitcoin losses are “apparently due to a sense of risk that is currently circulating in the markets due to DeepSeek