- The market value of encrypted currencies lost more than 6 %, and decreased to $ 3.37 trillion.
- Bitcoin returned to 99 thousand dollars from 105 thousand dollars.
The cryptocurrency market faced turmoil, decreasing by 6.31%, which led to a decrease in the total market value to $ 3.37 trillion. This decrease comes in the aftermath of a series of events, including the appearance of Chinese artificial intelligence, Donald Trump and Bitcoin.
Deepseek, Chinese artificial intelligence to requestThe market revolution has caused the performance of performance on ChatGPT, although the cost of its development is less than $ 10 million. In contrast, Chatgpt has a value of $ 157 billion. Soon the application has become the best free application, which caused a double effect on the American technology market.
The open source Deepseek model, which provides a high level of functionality at the lowest cost, raises fears that American technology shares – especially those associated with artificial intelligence – may be exaggerated.
It also created concerns in the artificial intelligence market, where large -scale sale occurred in American stocks. This panic has severely affected the digital currencies based on artificial intelligence, as it lost more than 20% of its market value.
Trump’s effect on the encrypted currency market
Donald Trump had a prominent role in nourishing cryptocurrencies and artificial intelligence techniques. It has contributed to the inflation of market evaluations, especially in the technology and cryptocurrency sectors.
After the global cryptocurrency economy led his agenda, Trump’s campaign to reduce interest rates exerted additional pressure on the federal reserve. His general policies and statements in itself have helped create a state of inability to predict that it includes cryptocurrency and stock markets, which in turn leads to more liquidation and a declining movement in asset prices.
The uncertainty that develops in the market has caused a collective liquidation, as investors flee their assets in response to the low market prices. As such, it was a volatile time frame. In particular, Arthur Hayes Prediction A possible financial collapse, and expected a decrease between 70 thousand dollars to 75 thousand dollars in the bitcoin price.
“I call for a value of $ 70,000 to $ 75,000 in BTC, a small financial crisis, and the resumption of printing money that will send us to $ 250,000 by the end of the year.”
Federal Reserve decisions on interest rates and the wider market response to global economic conditions will play a decisive role in determining the direction of the encrypted currency market.
Bitcoin conflict
Bitcoin, the largest encrypted currency, decreased sharply by more than 5 % and it is so commerce About 99 thousand dollars. In the early hours, BTC was traded at $ 105,000, and at the present time, the level of $ 100,000 is working as a decisive support level. If the price of bitcoin decreases below this sign, this is likely to lead to more losses.
The broader economic factors contribute to the Bitcoin price movement, including US interest rate decisions and the upcoming meeting of the Federal Open Market Committee (FOMC). It is expected this week that the Federal Reserve will maintain interest rates at its first policy meeting since former President Donald Trump took office.
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