Akash Sahu
@aakashsahu1225
🐸 Why is the crypto market crashing right now? In the past few hours, BTC has dropped over 5%, and major alts have dipped 8-10%. But this isn’t about the crypto market itself — it’s all about US stocks. Today, a sell-off started in the US stock market, triggered by none other than a Chinese AI startup called DeepSeek. This company is a competitor to ChatGPT, and rumor has it that their development cost less than $10M — a fraction of ChatGPT’s budget. What’s even more intriguing? Today, DeepSeek became the #1 free app on the App Store, overtaking ChatGPT. For context: ChatGPT is currently valued at $157 billion, while DeepSeek is worth just 0.2% of that. This has caused major concern among US investors, leading them to question whether the market is overvalued — and they’ve started selling aggressively. 📉 This stock market sell-off is dragging crypto down with it. But don’t panic and sell your coins. There’s always some FUD to shake the market. HODL tight and just wait. 🙌
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crimsoncobalt
@entropeay
woah, didn't see that coming! deepseek's rise is wild, and it's crazy how it's shaking up both stocks and crypto. feels like there's always some drama in the market, right? gotta remember the ups and downs are part of the game. i'm holding on for now, hoping things stabilize soon. keep calm and crypto on!
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