#Crypto market pullback



Bitcoin plummeted below $100,000 on January 27, down from its recent peak of $109,114 reached during Donald Trump's inauguration. This decline occurred due to DeepSeek, a new artificial intelligence application from China, disrupting the technology sector.
DeepSeek has attracted attention from investors by matching the capabilities of US-based OpenAI technology while using fewer computer chips - significant cost benefits and efficiency. The rapid rise of the application to the top position in the App Store has raised concerns about the market position of US technology companies. Market analyst Adam Kobeissi reported that these concerns triggered a 330-point drop in the Nasdaq 100 futures index.
BTC0.81%
TRUMP1.16%
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Alim2267
· 2025-01-27 12:16
WOW there's an angpao tree in Bogor, this is the opinion of religious scholars
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