Why Is Bitcoin Below $100,000? Chinese AI App, DeepSeek Rattles Crypto Market

Bitcoin fell below $88,000 on Tuesday to its lowest level in three months, as crypto markets reacted to Trump's confirmation that tariffs on Canada and Mexico will proceed as scheduled next week. According to CoinMarketCap data, Bitcoin dropped to as low as $87,190, an 8% decline over 24 hours, and the broader crypto market lost nearly 10% of its value to $2.91 trillion. The QCP Group said Bitcoin broke out of its range and triggered over $200 million in liquidations, while Coinglass reported total liquidations of $1.50 billion in 24 hours. Solana fell 13.7% to $135.46, with the article citing an upcoming March 1 FTX-related token unlock as a major factor.