As the "barometer" of the cryptocurrency market, Bitcoin's price trend was also significantly affected after DeepSeek debuted. Bitcoin fell below $100,000, with a 24-hour drop of 4.48%; Ethereum was not spared, falling below $3,100, with a 24-hour drop of 3.83%. Many people are confused by the rapid plunge in the crypto market and attribute it to lower expectations of the Fed's interest rate cuts or other macro factors. But in fact, the emergence of DeepSeek is undoubtedly one of the important causes of the crypto market crash.
