The market capitalization of cryptocurrencies has fallen by more than 6 %, dropping to $ 3.37 billion. Bitcoin has returned from $ 1005,000 to $ 99,000.
The cryptocurrency market was confused, declining 6.31%, and market capitalization decreased to $ 3.37 billion. This fall occurred after a series of events, including the rise of Chinese AI apps, Donald Trump, and Bitcoin.
Despite being developed under 10 million dollars, Deepseek, a Chinese AI application, has confused the market with a performance that exceeds Chatgpt. In contrast, Chatgpt boasts $ 157 billion. The app quickly became the top free app and had a ripple effect on the entire US technology market.
Deep Seek’s open source model, which offers high -level functions at a minimum cost, causes concerns that US high -tech shares, especially AI -related shares, may be overestimated.
In addition, the AI market also caused anxiety, causing a large decline in US stocks. The panic has a major impact on AI -based tokens and lost more than 20% of market capitalization.
President Trump’s impact on the cryptocurrency market
Donald Trump played a remarkable role in promoting cryptocurrencies and AI technology. In particular, technology and cryptocurrency sector have contributed to the rise in market evaluation.
Mr. Trump’s interest -down campaign, which has moved the world’s cryptocurrency economy with his own policy, is further pressure on the Federal Reserve Council. His policies and public statements itself have helped to create unpredictable possibilities related to the cryptocurrency market and stock market, which causes further decline in liquidation and asset prices.
As the market uncertainty is increasing, investors have a large amount of liquidation that investors escape from assets in response to a decline in market prices. Therefore, it is an unstable time frame for cryptocurrencies. In particular, Arthur Hayes predicts the potential of financial collapse and predicts that Bitcoin prices can be reduced by $ 75,000 to $ 75,000.
“I am seeking to modify $ 75,000 to $ 75,000 for $ 75,000, mini financial crisis, and to resume printing of bills that will be $ 250,000 by the end of the year.”
A wide range of market reactions on interest rates and the market to the global economic situation will play an important role in determining the direction of the cryptocurrency market.
Bitcoin’s struggle
Bitcoin, the largest virtual currency, has plummeted more than 5 % and is trading for about $ 99,000. In early time, BTC is traded for $ 1005,000, and the $ 100,000 level is now an important support level. If bitcoin falls below this mark, it may cause further losses.
A widespread economic factor, such as the US interest rate decision and the Federal Open Market Committee (FOMC) meeting in the future, contributing to Bitcoin’s price movements. This week, the Fed is expected to maintain interest rates at the first policy meeting since former President Donald Trump.
Featured encryption news
Is the SUI bear preparing for a bigger crash?
Share
