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The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.

Bitcoin (CRYPTO: BTC) has fallen 5% in the past 24 hours as of 3 p.m. ET, Ethereum (CRYPTO: ETH) is down 7.7%, and Dogecoin (CRYPTO: DOGE) is down 8.5%. Today's market drop is related to DeepSeek, the Chinese AI firm that released a model that competes with the best OpenAI models for a fraction of the cost.

(Bloomberg) -- The cryptocurrency exchange KuCoin pleaded guilty to operating an unlicensed money transmitting business and agreed to almost $300 million in fines and forfeitures, resolving a criminal case after settling similar civil claims in New York more than a year ago.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps

The global crypto market cap is currently sitting at $3.4 trillion.

The bank released a new research note highlighting bitcoin's recent price slide as a potential investment opportunity, while also suggesting an examination of altcoins.

Trump meme coins have reignited concerns around how prominent celebrities leverage influence for personal financial gain, one expert notes.

Cryptocurrencies struggled Monday as tech and artificial intelligence (AI) stocks sold off and with the Federal Reserve's January meeting on the docket this week. Bitcoin, the world's largest cryptocurrency and a bellwether for the sector, traded 4% lower since the late afternoon yesterday, hovering around $99,230. The price of Shiba Inu (CRYPTO: SHIB) traded 6.1% lower as of 12:23 p.m. ET today.