The crypto market rebounded Monday evening as Bitcoin briefly surpassed $102,000, following weekend volatility sparked by AI firm DeepSeek’s breakthrough announcements.

Bitcoin is hovering above $102,000, though it’s still down about 6.5% from January 20’s all-time high, near $109,000, CoinGecko data shows.

A “noticeable recovery” can be seen “as investors seem to be reallocating to their favorite crypto assets” in a trend that’s “driven by optimism about the long-term impact of AI democratization on the market,” Dominick John, an analyst at Kronos Research, told Decrypt.

Seminal meme crypto Dogecoin, which, on Monday, suffered its worst daily performance since the year began, is up