The post Bitcoin Nosedives to $93,000, AI Agents Meta Remains Hot, Inflation Woes Scare Markets: This Week’s Crypto Recap appeared on BitcoinEthereumNews.com.

The cryptocurrency market experienced a sell-off throughout the past seven days, with the total capitalization shedding close to $200 billion during that period. Bitcoin’s price tumbled toward $93,000, liquidating hundreds of millions in over-leveraged positions in the process, as the majority of altcoins are also in the red. Bitcoin’s price trades at a 4.5% decline compared to seven days ago and it’s currently around $93,000. This comes after a week of choppy action, where the primary cryptocurrency attempted to climb toward its peak but was stopped abruptly at around $102,000. As soon as the new week began and the expected economic details started coming in, the market plunged, alongside broader stock markets. On Tuesday, US jobs data came in hotter than expected, making many investors fear that the ongoing rate cuts from the Federal Reserve won’t last long as inflation has been on the rise. Recall that the chairman of the institution – Jerome Powell – hinted at this as well earlier, saying that 2025 will likely see far less rate cuts. That said, not all of it is doom and gloom. Although the majority of large-cap cryptocurrencies are in the red, AI agents continue to be the talk of the town. Most of their prices are also down on a seven-days basis but they are pumping at the slightest sign of a recovery, hinting that interest in them is still strong. Binance even listed a few of them today, highlighting the attention this particular narrative is receiving. That said, Bitcoin’s dominance has exploded by 2% in the past seven days, emphasizing its strength relative to that of the rest of the market. It’s interesting to see how the rest of the month will shape up, especially given that Trump’s inauguration is set for January 20th – a date watched…

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Filed under: News - @ January 10, 2025 5:27 pm