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📌 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.
HOLD tight and just wait. ✔️
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