DeepSeek shakes markets! China-based AI firm DeepSeek unveiled an open-source model outperforming OpenAI—built for just $6M. Its low-cost, high-efficiency approach raises concerns about U.S. tech valuations.

Futures in U.S. tech markets dropped on the news, dragging Bitcoin below $99K as crypto, which is strongly linked to tech sentiment, followed the slide. Many fear the AI game just changed.

Conclusion: While sentiment has taken a hit, this is nothing that fundamentally changes anything about Bitcoin. FUD.