Bitcoin Bounces Back to $102,000 as Bulls Reclaim $100,000 Mark After US Stocks Scare
Bitcoin (BTC) saw a rebound to $102,000 at the opening of Wall Street on January 27th after a scare in US stocks. BTC/USD gained up to 4.6% from local lows of $97,750 on Bitstamp, as data from Cointelegraph Markets Pro and TradingView showed. The scare was caused by the release of Chinese ChatGPT rival, DeepSeek, which sparked concerns over US competitiveness in the field. Despite the scare, Bitcoin remained rangebound and relatively resilient, with the upcoming Federal Reserve interest rates decision being a key event for the week.
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