Bitcoin price today: hovers around $102k as dip buying fades

Investing.com-- Bitcoin gave up the bulk of its early-day gains but remained supported Tuesday as traders bought the dip below $100,000 seen a day earlier, though the recent concerns about the competitive threat from Chinese AI firm DeepSeek persisted.  

Crypto markets were also focused squarely on U.S. President Donald Trump’s plans for more friendly regulation, after he signed a somewhat underwhelming executive order last week. 

Bitcoin rose 0.5% to $101,927.2 by 3:46 p.m. ET (20:46 GMT). The world’s biggest cryptocurrency had slumped below the key $100,000 level on Monday, but had swiftly rebounded. 

DeepSeek jitters persist after Wall St rout 

Crypto was pressured chiefly by steep losses in Wall Street, which spilled over into other risk-driven assets. 

Major technology stocks, particularly NVIDIA Corporation (NASDAQ:NVDA), were battered by questions over stretched spending on AI after the release of China’s DeepSeek R1- an AI model that appeared to have similar capabilities as ChatGPT while using older hardware and a fraction of the latter’s budget. 

This rout triggered a risk-off move across global markets, which in turn spilled over into crypto.

U.S. stock index futures trended slightly lower in Asian trade on Tuesday, indicating that investors still remained on edge over further weakness in risk assets.

Trump crypto uncertainty, tariff threats pressure risk

Risk appetite also remained weak after Trump threatened to impose universal trade tariffs. Earlier reports suggested that Treasury Secretary Scott Bessent will propose a more staggered approach to tariffs, starting with a 2.5% duty with gradual increases.

But Trump dismissed this notion, stating that he will call for tariffs much bigger than 2.5%. 

On the subject of crypto policy, markets had taken little support from Trump signing an executive order calling for a crypto regulatory framework last week. Trump also mentioned plans for a strategic digital asset reserve, but did not provide details.

The biggest sticking point with Trump’s order was that he did not mention Bitcoin even once in the order. 

Arizona lawmakers on Monday furthered a bill allowing the state to invest some public funds in Bitcoin. But the bill is a long ways from being approved, and has limited prospects, given that an earlier bill proposing to make Bitcoin legal tender saw little headway. 

Bitcoin, Ethereum ETFs rake in nearly $2bn in inflows in Trump’s first week

Crypto investment products attracted nearly $2 billion in inflows last week, as growing interest in emerging technologies continued to fuel demand for digital assets.

According to CoinShares, these products, including spot Bitcoin and Ethereum ETFs, recorded $1.9 billion in inflows during the week ending January 25, representing a 13% decline from the previous week. This marks the second straight week inflows have hovered near the $2 billion mark.

So far this year, digital asset investment products have seen total inflows of $4.8 billion.

James Butterfill, CoinShares’ Head of Research, said in a recent report that interest in these products had surged following Donald Trump’s presidential inauguration.

Crypto price today: altcoins lose steam, $TRUMP gains 

Broader crypto prices firmed on Tuesday, tracking gains in Bitcoin. World no.2 crypto Ether fell 1.2% to $3,109.31, while XRP jumped 6% to $3.09.

$TRUMP rose 1.5% to $27.71 after hitting a record low of $24.736 this week. The token has wiped out around 60% of its value after hitting a high of over $60 since its launch earlier this month.

Cardano fell 1.2%, Solana fell 2.7% and Polygon fell 4%, while among meme tokens, Dogecoin slipped 3%.

Ambar Warrick contributed to this report.