| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106428.7000000000 |
| ETH | $2443.4380000000 |
| BNB | $651.8803500000 |
| XRP | $2.1981980000 |
| ADA | $0.5540078000 |
| SOL | $148.3852000000 |
| DOGE | $N/A |
| DOT | $3.3341800000 |
| LTC | $85.4174000000 |
| LINK | $13.0965900000 |
Category: CRYPTO NEWS
The post DeepSeek AI Triggers Massive Market Sell-Off appeared on BitcoinEthereumNews.com. A notable decline swept through the U.S. stock market today, leading to a staggering multibillion-dollar loss across various sectors. While market fluctuations were anticipated by many, the severity of this decline took investors by surprise, as it was not linked to any specific economic or political triggers. What Factors Led to This Stock Market Collapse?How Is the Cryptocurrency Market Responding? What Factors Led to This Stock Market Collapse? The steep fall in stock prices has been largely attributed to the emergence of DeepSeek, a Chinese artificial intelligence startup. Its innovative AI model has disrupted investor confidence, causing doubts about the reliability of larger tech companies. As a result, U.S. investors have been prompted to offload their shares, leading to a significant sell-off. Data from StockTwits reveals a monumental loss of trillions from the market. Major players like NVDA and Microstrategy saw their shares decline by 3% and 5% respectively, with other notable companies like GME and META also facing substantial drops. The NASDAQ 100 index plunged by 236 points within a single trading session. How Is the Cryptocurrency Market Responding? The repercussions of the stock market crash extended to cryptocurrencies, which plummeted by 7% in overall market value. Bitcoin‘s value dropped by 5%, while many altcoins suffered losses ranging from 8% to 10%. Notably, Ethereum, XRP, and Solana experienced some of the most significant declines. Despite the turmoil, some financial experts advise against panic selling, suggesting that this downturn could present buying opportunities for astute investors. Increased trading volumes indicate a segment of the market is viewing the situation as a chance to acquire assets at lower prices, emphasizing the need for patience in anticipating a rebound. – The DeepSeek AI model offers effective solutions at lower costs.– Its success may intensify competition in the AI sector.– Concerns arise about…
2025-01-28T03:37:07+00:00