Bitcoin slipped below $100,000 for the first time under President Donald Trump's administration, dropping to an intraday low of $97,791. The overall crypto market capitalization also decreased, reaching levels last seen before Trump's inauguration. Market sentiment turned slightly bearish as the fear and greed index dropped. Several reasons were cited for the drop, including concerns about a Chinese AI platform, a potential lack of rate cuts during an upcoming FOMC meeting, and increased selling pressure from long-term Bitcoin holders. However, the market appeared to stabilize, with Bitcoin recovering above $100,000 and experts predicting a strong recovery. Altcoins experienced more significant losses, although some tokens remained profitable. Notable gainers included DeXe, Mantra, and Bittensor.



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