Bitcoin and other major altcoins, led by XRP, rebounded back on Monday night and into Tuesday morning, after being caught up in the stock market sell-off inspired by the emergence of China's DeepSeek artificial intelligence.
Having tumbled below $97,000 in heavy selling at the start of the week, bitcoin remained mostly below $100K during until late evening in Europe, mid-afternoon in the US.
But it continued to recover and since the early hours of Tuesday has traded roughly sideways in a channel between $102.5K and $103.3K.
At time of publication BTC/USD has gained 3.8% over 24 hours at $102.9K.
Similarly, ethereum is up almost 4%, XRP 11.6%, solana 5.3%, dogecoin 6.5% and cardano 8.7%.
Nigel Green, CEO of deVere Group (not the hotel operator but the financial adviser), argues that the core value proposition of bitcoin - and in my interpretation, also other cryptocurrencies - sets it apart from the tech sector that was hit by the DeepSeek sell-off.
“Unlike tech stocks, Bitcoin isn’t beholden to the performance of any one company or nation,” Green says.
“It’s decentralized, borderless, and finite—an asset uniquely positioned to thrive in a world increasingly shaped by geopolitical tensions and technological disruption.”
Amidst geopolitical tensions and economic rivalries between the US, China and others, Green says by bitcoin's very design it is "insulated from these forces. It operates outside of national borders and policies, making it a safe harbor in turbulent times.”
This neutrality, he suggests, could see Bitcoin emerge as a beneficiary of capital flight from both sides of the US-China divide.
“Investors are looking for assets that aren’t tied to any single government or corporation, and Bitcoin fits that bill perfectly,” he adds.