Bitcoin (BTC ($110,913.00)) 
$0.000076 price has dropped to $97,777 in the last 24 hours, now hovering around $100,500. This decline has led to significant drops for various altcoins, many of which are now trading below last year’s lows, resulting in increasing losses.
Crypto Predictions
As this article was being prepared, U.S. stock markets opened lower, with NVIDIA shares experiencing their largest decline since 2020, dropping 13%. This downturn is partly attributed to the emergence of a Chinese competitor to GPT, exacerbating negative sentiment in U.S. markets. However, Michael Poppe believes there’s no cause for major concern.
“Here we go. The real stories surrounding DeepSeek are beginning to emerge regarding government spending. Markets are quickly rebounding, including TAO ($389.53) and altcoins. I believe this trend will continue, and the ETH ($4,007.61)/BTC pair will rise. Don’t worry.”
DeepSeek and the Crypto Downturn
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