Post
👑 Bitcoin has crashed, is Chinese AI to blame?
🔵 In the last few hours, Bitcoin has dropped by 5%, and major altcoins by 8-10%. But the reason is not the crypto market, but a sharp decline in American stocks. All because of one application — DeepSeek.
🔵 Why is everyone panicking?
🔵 DeepSeek is a Chinese AI startup that has surpassed ChatGPT and taken first place in the App Store rankings.
🔵 Its development cost less than $10 million (compared to billions for ChatGPT).
🔵 Meanwhile, ChatGPT is valued at $157 billion, while DeepSeek is only 0.2% of that amount.
🔵 Major players have started to think that US stocks are heavily overvalued and began to take profits en masse after the market opened. Also, in China, the New Year is coming soon, and the population is securing positions to convert to cash.
Don't give in to panic. Such news always stirs the market, but crypto will survive even worse situations.
$BTC
{spot}(BTCUSDT)
🔵 In the last few hours, Bitcoin has dropped by 5%, and major altcoins by 8-10%. But the reason is not the crypto market, but a sharp decline in American stocks. All because of one application — DeepSeek.
🔵 Why is everyone panicking?
🔵 DeepSeek is a Chinese AI startup that has surpassed ChatGPT and taken first place in the App Store rankings.
🔵 Its development cost less than $10 million (compared to billions for ChatGPT).
🔵 Meanwhile, ChatGPT is valued at $157 billion, while DeepSeek is only 0.2% of that amount.
🔵 Major players have started to think that US stocks are heavily overvalued and began to take profits en masse after the market opened. Also, in China, the New Year is coming soon, and the population is securing positions to convert to cash.
Don't give in to panic. Such news always stirs the market, but crypto will survive even worse situations.
$BTC
{spot}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.