TechFlow news, according to CoinDesk, after more than $1 billion in futures liquidations and an 8.5% drop in the CoinDesk 20 Index on Monday, Bitcoin rebounded nearly 4% over the past 24 hours, recovering some of Monday's losses.
During this period, TRUMP token surged 12%, leading gains among mid-cap tokens with market capitalizations below $5 billion. Partial price increases across major tokens followed Tuttle Capital filing for the U.S.'s first 2x leveraged ETF on Monday, a product designed to deliver returns equal to 200% of the daily price performance of nearly all major cryptocurrencies, including BONK, TRUMP, and MELANIA.
Nick Ruck, Head of LVRG Research, told CoinDesk that DeepSeek, a Chinese AI firm, achieved breakthrough results surpassing OpenAI—valued at $157 billion—with only a $6 million budget. While this caused market volatility, it created buying opportunities in crypto. He believes crypto projects can integrate DeepSeek’s open-source models to improve efficiency and remains long-term bullish on Bitcoin, as related policies will benefit cryptocurrency development both within and outside the U.S.
Markets are eyeing the FOMC meeting scheduled for January 28–29, where the Federal Reserve is expected to hold interest rates steady. Meanwhile, earnings reports from tech giants such as Apple, Meta, and ASML this week could also influence market risk appetite.
